NITI Aayog (An Indian Government Body that monitors Real Estate Sector) predicts the market to rise by $1 trillion by 2030, accounting for 13% of India’s GDP by 2025. It is already the third-largest sector to bring about economic growth in 2022.
The real estate industry is going to reap the rewards of low-interest rates with duty waivers, realistic property pricing, and attractive discounts, which will lead to affordable synergy.
Whether you are a seasoned investor, buying your first property, agent, broker, landlord, real estate investor, or anybody in the real estate industry, you need to know the value of the property, how to lease the property, and get financing, protect entities, find hidden investment opportunities, minimize taxes, and establish your own team of investors.
Adoption of Technology in Real Estate
The Real Estate Sector has been slow to adopt technologies, but the recent pandemic steered this transformation. In accordance with the laws to control the ownership and use of land, real estate owners, first-time homebuyers, realtors, builders, land developers, and home sellers need to set liability, obligations, and responsibility.
Home buyers find homes via Internet, real estate agents, yard sign/open house signs, friends, relative, or neighbors, home builder or their agents, directly from sellers/knew the sellers or any other sources.
Real Estate Agents voraciously make use of CRMs, cameras, imaging equipment, document storage software, document creation software, lockboxes, social media platforms, smart key devices, and MLS websites to choreograph their home selling.
Best Real Estate Applications in 2022
- For Auctions: Xome Auctions
- For Rentals: Realtor
- Useful Overall: Zillow
- For Home Values: Trulia
- For Home Purchase: Redfin
- For Renters: Apartments.com
- For Entrepreneurs: LoopNet.com
Real Estate App Ideas: What Kind Of Property Applications Can You Create?
Property Information App – Such apps display the property’s owner, address, boundaries, parcel ID, sale price, and district, and allow home buyers to drop a pin to save the property, add notes by the property, and export it to their saved properties, and work in offline mode. These work on GPS and are an important tool for real estate, utility, energy, outdoor recreation, insurance, delivery, forestry, and emerging industries.
Property Investment App – Thinking of renting a house, or investing in commercial real estate? Investing in real estate can bring predictive cash flows, tax benefits, and portfolio diversification. It can be a long-term source of passive income and might also mean that market is always approachable. Your first real estate investment can just be a click away!
- Best overall real estate investing app – Arrived Homes,
- Best app for institutional real estate – CityVest,
- Best App for High Dividends – Streitwise,
- Best app for Commercial real estate – CrowdStreet,
- Best app for Farmland – AcreTrader,
- Best app for Real estate Notes – Groundfloor,
- Best App for public Nontraded REITs – RealtyMogul
Repair Estimate App – A decent app to invest in real estate has 3D Property View, In-Built Notepad, GPS, Renovation Estimate Calculator, Live Screen Sharing, Find Handyman, Payment Gateway Integration, to make necessary amendments to home. The in-built Payment structure allows you to make instant payments to the handyman after every repair.
Locality Review App – Location review applications can help derive parameters like the rate of education, rate of crime, cost of living, amenities, weather conditions, and population. These have in-built GPS, need-based recommendation engines, and resident reviews.
Real Estate Document Management App – Such applications can help in filling out paperwork, transferring and verifying documents and carrying out processes faster and more systematically. It helps in storing documents securely, digital signatures, document mailing, document scanner, custom document creator, and real estate document templates (NDA, sales contracts, financial agreements, waivers, lease agreements).
Best Real Estate Document Management Apps in 2022:
- PDFelement Pro
- DocStar
- DynaFile
- Sherlock Software
- FabSoft
Customer Support App – Such applications can explicitly help in managing all communication between leads and clients.
Best Real Estate CRM Apps in 2022:
- Pipedrive
- com
- HubSpot
- Zendesk Sell
- TopProducer
- Zillow Premier Agent CRM
- IXACT Contact
- Contactually
- Follow Up Boss
- LionDesk
- AgileCRM
- Podio
Augmented Reality in Real Estate App – Augmented reality along with artificial intelligence and advanced imaging technology can add to physical and digital experiences. It can be used in virtual property showings, staging design, architectural mockups, and support sales. These help in measuring dimensions in real-time to create floor plans, and then eventually turn those floor plans into virtual experiences.
Best augmented reality real estate apps in 2022:
- Vera
- RealAR
- MaginPlan
- Curate by Sotheby’S
- AirMeasure
Also Read: 51 Unique Mobile App Ideas for Startups to Launch in 2022
What Are The Best Features of Real Estate Apps?
| User/Buyer Panel | User/Seller Panel | Agent Panel | Admin Panel |
|---|---|---|---|
| User Onboarding (Signup/Login) via Social media authorization, Authorization via email, or Phone verification | Log In | Log In | Log In |
| View property listings | Rent/Sell property | Property listings | Dashboard |
| See individual listings | Messaging | Manage schedules | Buyer Management |
| View home listings | Map integration | Interested buyers list | Seller Management |
| View property profiles | Add property | Manage number of views | Agent Management |
| Shortlist properties | View property listings | Advertisement options | Property management |
| Set favourite properties | Messaging and chat | Map Management | Add/Remove Property |
| Custom Cost Estimation | Manage appointments | Messaging | Analytics and reporting |
| Check appointment dates | Book a consultation | Manage property profiles | Manage User Profiles (User, Sellers & Agents) |
| Direct messaging/Call | Terms & Conditions | Listing and database | |
| Select Categories/Filters | Property Profiles | ||
| Locate property | Analytics | ||
| Map location | Filters and Categories | ||
| Book a consultation | |||
| Terms & Conditions | |||
| FAQ | |||
| Property cost Calculator | |||
| Virtual Tour | |||
| Call or Direct Messaging | |||
| Calendar | |||
| Calculators | |||
| Push Notifications | |||
| Maps | |||
| Favorites (Shortlisting) | |||
| Property Profiles | |||
| Apartment Details Currency Converter |
|||
| Forum and Messenger | |||
| Virtual Tours |
What Is The Cost To Create A Real Estate Application In 2022?
Consider feature set, design, native/cross-platform app environment, the hourly rate of developers, Project scope, UI/UX design, technical complexity, web hosting, deadlines, and contract type while deciding the cost to develop a real estate app. Also, considering the features of real estate app development like Screen Design, Web Services, Administrator Panel, iOS Native App, Android Native App, Cross-Platform App, and Secondary/Supporting App. The cost comes out to be around $30K – $50K to build a real estate app.
What is MLS Listing in Real Estate?
When a home seller asks a realtor to list their home on multiple listing service marketplaces (MLS) for an upfront, instead of a percentage of the home selling price, then it is called a Flat fee Listing. Along with this, some real estate agents also provide other valuable services like open houses, managed showings, professional photography, virtual tours, etc.
Selling a home with Flat Fee MLS Listing has its own advantages:
- Home sellers can keep most part of the profits from home sales to themselves
- An experienced agent can handle most part of the home sale on his own
- Assurance that the home is for rent or land for sale can proceed without caring about the intertwined paperwork, legal discussions, home surveys.
But no real estate agent can guarantee houses for sale, at a price of your choice, but when homeowners choose to go for a flat-fee listing, they get to avoid some anxiety that comes along in the process. The cost to sell a home remains the same with MLS Flat Fee Listing, and homeowners do not even need to pay a percentage share of the final home selling price.
Conclusive: Avail Best/Affordable Real Estate Application Development Services
Contact Konstant Infosolutions to hire Android App Developers and iOS App Developers that offer superior work within the budget. The time is ripe to throw a real estate app under your brand name on the App/Play store!