Real Estate is one of the most profitable markets in the world and home finder apps can help real estate companies boost revenue like never before.
The advancements in mobile technology have dramatically impacted our lives. Not only has it completely changed our personal lives, but it has also brought about revolutionary new ways to do business across sectors and industries.
Real estate is a key sector that is being affected by the infiltration of technology. Gone are the days when buying a new house was a complex process that involved excessive paperwork and roaming about from place to place.
Thanks to Home Finder Apps
Tech Savvy People Need a Digital Solution
The development of technology has been such that any citizen in any country in the world is usually dependent on their gadgets for various needs. Real estate features prominently on this list.
There are a number of real estate service providers in the market who have their own home finder app. These apps help the user to browse through homes on their mobile phones, even before contacting their real estate agent.
Users can apply filters on their home finder application so that it only shows them houses that completely fit their requirements. They can filter out homes that don't match their expectations in terms of size, cost, architecture, neighbourhood and a variety of other parameters.
How Technology Can Boost Business Revenue
The development of the best home finder app can significantly boost any real estate company's efforts to stay on top of the market. Here are some of the ways in which technology can help real estate companies boost revenue:
1. Query resolution
By helping customers find houses which fit their basic requirements, home finder apps for Android ensure that a real estate agent can focus on getting a deal done, rather than spend time dealing with multiple customer queries.
The app makes sure that customers do not have to reach out to the agent for simple verifications such as location, directions, availability, market value, etc.
2. Handling multiple customers with fewer resources
The best home search app can accommodate the needs of multiple customers at the same time. This reduces the workload on company personnel and drastically cuts down on the number of resources required by the company, freeing up a sizeable part of the wage bill.
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Instead of following the cumbersome process of contacting a real estate agency, meeting a real estate agent and searching through dozens of houses, clients can now easily browse through houses from the comfort of their own home.
This ensures that the client only does a physical tour of houses that they are genuinely interested in, thus helping the real estate company save money on resource utilisation and arranging visits for more houses than necessary.
4. Quick ROI
The investment in developing a new home finder app is substantial, but the promised returns are huge. We have already seen apps come out of nowhere to carve a place for themselves in the real estate market. An investment in digital transformation is the only way for real estate companies to play catch up.
Real Estate has long been considered to be one of the most lucrative markets. According to London-based real estate advisor Savills, the total value of global real estate is $217 trillion, and residential properties make up about 75% of this figure.
By utilizing the right technology, real estate companies can tap into this burgeoning market more efficiently, with more customers reaching out to them easily, lesser resource utilisation, and a simplified business model that will reap rich dividends.
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