Digital solutions have the potential to remove the delays that stall property transactions by making funding frictionless says Michael Lenz, CEO of TransBridj
According to Standard Bank, the total value of the South African property market in 2024 was valued at R6.9 trillion with 6.91 million residential properties. While the market is still finding its feet since the pandemic, there are signs of growth and optimistic spend that are a relief for sellers, realtors and attorneys. However, property transactions are still facing delays between signing and registration due to system issues or natural disasters like the recent flood in the Johannesburg deeds office. These issues create timing gaps that put unnecessary pressure on stakeholders, especially when their funds are locked in a process that can take weeks to complete.
One of the most common causes of the bottleneck is where money from a property sale is expected, but not yet available. This can leave sellers having to cover a variety of essential costs that leave them out of pocket, and realtors waiting on commissions while they are dealing with pressure from both seller and purchaser which are both eager to move forward.
Technology is evolving to address this challenge. TransBridj is a purpose-built fintech solution designed to manage the complexities of the property ecosystem and is helping sellers, attorneys and realtors unlock funds that are already in motion. These bridged funds help sellers cover essential costs like rates, taxes, levies or compliance certificates and ensure agents can access up to 80% of their commission payouts before registration.
What TransBridj offers isn’t a paper-based route to funding. There are no complex applications or lengthy approvals. The TransBridj platform and app simplifies access to funds through a secure, paperless process. Reliable and fast, the platform or app takes the financial sting out of unnecessary delays during property sales without introducing extra risk or complexity. Quietly enabling transactions, TransBridj keeps people moving forward throughout the sluggish property sale process.
Every feature is designed around the property transaction workflow. Created to solve a long-standing issue in property transactions, TransBridj is built on reliable technology that works in the background to remove unnecessary delays. Focusing on digital integration, automation and security, the platform and app enables property transactions by providing a bridging funding solution that’s designed specifically for the South African market.
As property transactions are set to not only gain momentum, but evolve in scope and need, solutions like TransBridj are a necessity. If the proptech market wants to evolve in a way that will help to simplify deals, reduce admin, and keep things moving for all parties involved, solutions like TransBridj provide much needed evolution with an eye firmly on a digital-first future.