RESO surpasses $3 billion in offers from 130,000 buyers in Australia

RESO surpasses $3 billion in offers from 130,000 buyers in Australia

RESO, the Adelaide-based property technology company, continues to grow strongly in all mainland states and is seeing demand for its online offer management platform pick up with individual vendors who are specifically requesting it from agents.

RESO has now helped more than 130,000 Australians make an offer on their dream home with combined offers worth in excess of $3 billion for vendors of residential property.

The app delivers benefits to real estate agents, buyers and sellers by taking the hassle out of the offer process and ensuring there is transparency in negotiations.

“No one likes missing out on their dream home,” said AJ Chand (pictured), CEO of RESO. “In a hot market, you have a lot of buyers, and it’s challenging for real estate agents to nurture multiple competing offers,” he continued.

“Most buyers these days are digitally savvy and prefer the convenience of an app that’s always available and up-to-date, rather than relying on emails and phone calls. With the RESO app, buyers can instantly see where their offer ranks and make negotiating decisions with the help of transparent data,” said Chand.

RESO is currently uploading multiple listings a week from vendors who have previously used the platform to buy their property.

“Australia’s residential property market is highly competitive. This creates a lot of work for real estate agents and buyers and, as a result, vendors can be left with doubts whether they ended up accepting the best offer. The RESO app gives everyone back more time and takes the friction out of the private treaty offer and acceptance process,” said Chand.

Historically strong in its home market of South Australia and neighbouring Western Australia, RESO is currently growing fastest in Queensland, New South Wales and Victoria.

Chand joined RESO as CEO in 2023 and also serves on the Board of Proptech Association Australia, the nation’s peak body for proptech ventures.

“My passion lies in driving innovation and evolution within the real estate industry,” he said.