For smart contracts; includes transactions on legal; duty fees; stamp fees which customer can deal directly with the relevant parties or work through a professional appointees who can consolidate these paper work for a reasonable fees unlike the current situation whereby there are agency’s fees, duties, stamp fees, legal, etc. This can easily set the buyer back 5-10% above the property’s price with these fees.
Other than smart contracts; real estate can benefit on
1) itemise the property’s inventories or features etc.
2) strata titles
4) ownership verifications