Last Updated
Overview
Propy is a licensed Web3 platform that uses blockchain and AI to streamline real estate transactions globally. It automates title and escrow processes, though some users have reported the app can have connectivity issues. The software aims to provide a transparent and secure closing process for all parties.
Overall Rating
Based on 3 users reviews
5
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
Propy Specifications
- Document Management
- Lease and Contract Management
- Compliance Tracking
- Integration with Financial Systems
What Is Propy?
Propy is a Web3 real estate transaction platform that leverages blockchain technology and AI to automate the home-buying and selling process. The software provides a secure and transparent environment for managing offers, titles, and closings. It is designed to reduce the need for intermediaries, lower costs, and increase the speed of real estate transactions for agents and consumers.
Propy Pricing
Propy pricing starts at $19.99 / month / user for agents (standard membership) and is free for Propy Certified Agents.
Disclaimer: The price is subject to change.
Propy Integrations
Propy is designed to integrate with other real estate tools to enhance the transaction management workflow. The platform is known to integrate with:
Who Is Propy For?
Propy is for professionals and individuals in the following industries and sectors:
- Real estate agents and brokers
- Transaction coordinators
- Buyers and sellers
- Title companies
- Lenders
- Brokerages
Is Propy Right For You?
Propy is a pioneering platform for real estate professionals looking to embrace Web3 and AI for their transactions. Its use of blockchain technology for security and transparency is a significant selling point. As a leader in this emerging space, Propy's solutions are scalable, and the company has facilitated over $4 billion in transactions. It is a compelling option for those who prioritize a modern, secure, and efficient closing process.
Still not sure about Propy? Contact our support team at (661) 384-7070 for further guidance.
Propy Features
Real Estate Offer Management
Propy features an all-in-one platform that simplifies the offer submission and review process. Agents can create a unique offer link for properties, which can be shared with buyers without requiring them to have a Propy account. It also allows agents to easily share offers with sellers and enables instant notifications when new offers are received.
Rwa For Sellers
This feature allows sellers to tokenize their property as a real-world asset (RWA). By listing their property on the Propy RWA marketplace, sellers gain access to a broader market of crypto-savvy buyers. This also provides the opportunity to unlock instant on-chain liquidity by using the RWA NFT as collateral for DeFi loans, reducing transaction costs and increasing efficiency.
Escrow Service
Propy offers a crypto escrow service that is secured by Coinbase Prime, ensuring secure custody of funds for both buyers and sellers. This service supports multiple cryptocurrencies, including Bitcoin (BTC), USDC, and Ethereum (ETH), and is available 24/7. It also offers full title services support to assist users throughout the purchase process.
Transaction Platform
Propy's real estate transaction platform provides an ultimate toolset for managing every phase of a sale. It centralizes all documents and disclosures, making them accessible only to involved parties. The platform features an automated system for compliance review and allows for easy e-signatures, significantly streamlining the closing process and reducing manual administrative tasks.
Pros And Cons of Propy
Pros
AI automation speeds up the title and escrow processes
Supports both cryptocurrency and traditional payments
NFT deeds offer new ways for digital property ownership
Cons
Features like smart contracts may have limited real‑world adoption so far
Large transactions depend on external title companies and governmental approvals
Propy Reviews
Total 3 reviews
5
All reviews are from verified customers
Rating Distribution
5
Stars100%
4
Stars0%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Real Estate, 1-10 employees
Less than 6 months
“Transparent offers management win!”
Pros
Right from the start the platform has been very user friendly all around. The checklists are great and being able to connect disclosures directly means there's no need to go back and redo steps. That alone has saved me hours. The Offers Management feature is essential for any property with multiple offers, the line item view and overall functions give my sellers a level of transparency that's hard to beat and having everything organized and instantly accessible for quick reference and decisions is unlike any other platform I've worked with.
Cons
There are a few minor DocuSign related features on both the signer and agent side that still need some refinement but they feel like quick fixes to me.
Rating Distribution
Ease of use
10
Value for money
8
Customer Support
10
Functionality
8
Real Estate, 1-10 employees
Less than 6 months
“fits every transaction”
Pros
One thing I really appreciate is that the team actually pays attention to user feedback and puts those ideas into the product. The software works well no matter what role you play in a transaction and it really addresses the specific challenges independent TCs deal with when managing multiple agents and brokerages. It also brings different tools together smoothly and shows a clear understanding of the entire transaction process.
Cons
At this point there really isn't anything I dislike about the software. I'm actually looking forward to what's coming next since I know more tools are already being added. Once those are released this will probably be the only platform I'll need.
Rating Distribution
Ease of use
10
Value for money
10
Customer Support
10
Functionality
10
Real Estate, 1-10 employees
Less than 6 months
“paperless workflow clients adore”
Pros
Paper filing organizing and sending documents to clients used to be our biggest headache. This changed that by letting us upload files and convert them into electronic documents without hassle and both my team and our clients absolutely love using it. Clients also have no trouble figuring out the software generally or finding the documents they actually need without getting stuck sorting through files that aren't relevant to their role.
Cons
Getting started does take a little time to learn especially since the platform is updated so often. I do value the near daily improvements but it can be a little confusing to come back and find things changed on the platform.
Rating Distribution
Ease of use
8
Value for money
8
Customer Support
10
Functionality
10
Frequently Asked Questions
Does Propy offer an API?
No, Propy does not offer an API.
Does Propy have a mobile app?
Yes, Propy software has a dedicated mobile app for iOS devices.
What types of pricing plans does Propy offer?
Propy offers customized pricing plans for individuals and brokerages, starting at $19.99. Contact us to receive a Propy cost quote.
What other apps does Propy integrate with?
Propy integrates with other real estate software and services, with one example being Follow Up Boss, as mentioned on a third-party site.
What language does Propy support?
Propy's platform primarily supports English.
Who are the typical users of Propy?
Propy is used by a wide range of real estate professionals, including agents, brokers, transaction coordinators, buyers, sellers, and title companies.
What level of support does Propy offer?
Propy offers support via email and phone.