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[extendedtips]

Real estate software development is revolutionizing how properties are bought, sold, and managed. From streamlining property searches and virtual tours to optimizing property management tasks, these innovative solutions are reshaping the industry landscape. 

#RealEstateSoftwareDevelopment #PropTech #DigitalTransformation

[chetuinc]

We are having an outstanding time at the REALTORS® Triple Play Convention & Trade Expo 2023! Visit us at booth #103 to learn how our #RealEstateSoftwareDevelopment can help you accelerate your real estate business to the next level! To hear more from our experts, click here: https://tinyurl.com/247a8x39.

[cyrusholiday]

I offer real estate management software and property management services to let you rent, buy, and sell your property digitally. If you want to create property management software for your real estate business. Connect with me Today.

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[skaditsolutions]

One of the best IT solutions in the field of web designing and development.

At SKAD IT Solutions, we aim to provide the best software development services available to our clients. While there are several commercial off-the-shelf software (COTS) available on the market which are ready-to-use, such as Microsoft Office, not all software available meet the requirement and demands of your business. COTS only focuses on set parameters that are not always suited for all business needs. SKAD IT Solutions can create custom software tailored to your business. We create custom software to meet any need you may have, whether it's an app for food deliveries, grocery shopping, or online banking.

We are committed to helping businesses take control of their operations and streamline processes with customized software. We push the boundaries between your business needs our team's creativity and development capabilities to create something unique for you! For us, software management also includes checking functions, optimization or performance for the software and resolving any issues that might arise while running the software.

[codiant]

Real estate apps are touted as one of the most profitable industries. According to a National Association of Realtors report, 97% of homebuyers start their searches online, and 76% use a mobile or tablet device. These apps are truly something you can rely on to build a successful business model.

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[qservicesinc]

Real Estate Software Development Services

Being one of the top-ranked real estate software development companies, QServices have significant experience in Real Estate Software Development Services. It provides end-to-end real estate management software solutions to help bridge the gap between real estate services and their target audience. So connect today with our dedicated real estate software developers and proceed with your dream project.

[techmaan]

MaanTech is a leading real estate app development company that can get you the best commercial real estate application.

[softwaredevelopmentcompanykanpur]

9 Benefits of Real Estate Software

• Scalable • Business processes automation and integration. • Secure. • Comprehensive overview of a client. • Manageable • Marketing management. ... • Product portfolio management. • Time and workflow management. • Document control automation

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[worlditzone]

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[realestatebees]

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[winklix]

How To Build Auction Platform For Real Estate

Real estate auctions platform has always been proven effective way if you are investor and quickly looking for some deal on property . At present auction way is not only popular for business people only , instead ordinary people is also searching for new property at bargain price .

Gone are day when live auctions are used to take place in brick and morals courts in front of local authorities choose by specific set of auctioneers .

The revolution of online auction in property selling website and mobile apps has helped both investors and normal buyers to bid for property painlessly and quickly gain access of that property .

Take example of Auction.com which is US based company that sole focus is on selling bank owned properties . As per Auction.com , they have achieved $ 39 billion in sales , 4.4 million users are registered and almost 329,000 properties has been sold by their platform .

In this article we will guide you how you can create your own auction website or mobile app and what functionalities can be added in your existing real estate platform .

What Property Auction Platform Usually Offers In general some of the famous auctions platform offers following types of properties :

Short Sales Properties : In real estate , short sales property generally means a property offered for sales by homeowner who is willing to sell their house on less than outstanding mortgage on it . They general sales in less that the property value to pay their debt to lender . This type of property sales is benefits for both borrower and seller as seller can pay of their debt and maintain their credit score and buyer can get the property at lesser price .

Foreclosed Properties : Unlike short sale , in foreclosed sales , lender of loan attempts to sale the property in order to recover balance of their loan on their own . Foreclosed property is usually final step before length and legally pre-closure process , which aids both lender and borrower to avoid any negative consequences with legal process .

Bank Owner Property : Bank usually take the ownership of these kind of properties after failed foreclosure sales . These property are easily accessible on bank's websites and in general being sold out at discounted prices , thereby making them an attractive option for real estate investors .

Flipped Property : Flipped properties are investor owner property that has been exclusively been prepared for sales by investor . These are upgraded properties that are very popular among first time home buyers .

Retail Properties : This sell properties which  are situated in stores , shopping centres and service business . In general business owners and investors are seeking want to buy these kind of properties .

What Features Should Be Effective In Real Estate Auction Platform ?

Real estate auction platform helps both buyers and  sellers to meet each other digitally and auction platform at the same time also ensures carrying on smooth interaction between them in order to close a deal .

You must focus on offering buyer smooth bidding platform in safe and secured environment . At the same time when it some to seller , your platform should be capable of fulfilling their work in order to sell more effectively .

Let's now look at some of the features which are mandatory for any successful auction platform :

Creation Of User Account & Registration For Auction Any type of virtual auction requires all user to sign up on auction portal by entering their personal information ( such as name , address , phone numbers and so on ) in order to carry out smooth transaction on your platform . In addition to it , providing and verification of email is necessary in order to receive updates and verifications for their actions - for instance say notice of winking of auction .

In addition to it , if they are willing to participate in their auction , they would also be forced to give their Debit or Credit card information for carrying on any type of payment transactions .

Listing Of Properties Listing of properties are generally being carried out by seller which fillings auction platform with content . Listing of property lets sellers :

Add property to platform

: In general this involves listing of new property by directly clicking on add a property . You can also charge nominal fees to list their property . This includes updating the description of property , photos , 3D tours , notes and disclaimers , current or starting bid , auction timer and so on .

Selecting duration for receiving bids

: Updating the duration in which you will be getting bids for auction property . This time frame includes pre-auction , staging and post bidding period . The listing fee in general is fixed and is same regardless of what duration seller chooses .

Reoffer the property

: In case the auctioneer founds that bid was won unfairly , then there should be an option for seller to re-offer it in another round of bidding

Search

There should be search option on your portal to search for desired properties with the following features :

Filters

: Advance filter option should be facilitated to users to facilitate them to search for property as per their desired needs .

Sorting

: This facilitate users to sort property in ascending or descending order on the basis of :

Auction time remaining

Price of property

Auction date , property size , newly added property and so on

Favourite Property

:  User should also have option to save or mark as favourite the property they liked the most . This features aids buyer in saving time to research for that property .

Bidding

 In general as seen on most bidding platform , buyer have to place 5 to 10 percent deposit before bedding to participate in bidding process . This deposit is just hold on bidder's bank card .

Online real estate auctions is conducted in real time basis and start with minimum price . Participants generally have option to bid 24 hours a day , seven days a week until single bidder remains .

After reaching the above point , auctioneer has option to close bid and announce the winner of bidding . The person who is bidding on the platform is able to see:

the opening bid

other vendor bids made by auctioneer on behalf of seller

the total number of bids and participating bidder

When bidder is actually ready to place their bid , they will be navigated to property's bid page by clicking on the bid button . Then the bidder logs in and ca start bidding right away .

The auction closing process generally takes 30 to 60 days and closing date is always stated clearly in contract . As soon as bid winner is announced , ownership of that property is transfer to auction winner after making payment by winner .

Countdown timer : The bidding timer usually runs for two to three minute . If no other person bids by that time , then the clocks runs out and the person who last bid has been awarded the property .

Automated bidding process : This feature is specially being designed for assisting during bidding event when buyer is way from computer . In this case you can implement proxy bidding system in which software has ability to automatically place bids on behalf of bidder up to max amount set by bidder . This system allows bidder to auto bid for amount set and become winner even if he cannot place bids .

BIN ( Buy It Now ) functionality : Seller should also be able to set Buy It Now price so that they can sell for on the spot to save time

Auction Calendar 

This function facilities information to user on upcoming real estate auction . User can filter auction on the basis of location , asset type , event name and so on.

How To Ensure Choice Of Buyers ?

Lets look at step below to ensure choice of buyers :

Get into agreement with national banks and mortgage service to ensure listing on your platform  at best possible price .

Get your portal listed on some famous directories such as RedFin , Trulia , Zillow and more in order to directly get heavy traffic by directly letting user to visit your platform from their website or app .

Try to implement some advertising and marketing strategies which will be in addition to MLS integration strategy to attract visitors on your website .

Some Of The Basis Things To Ensure Safety Of Your Auction Platform

In order to add on more genuine and loyal users , you actually need to take care of security platform . Here are some of the tips which ca facilitate you to gain trust factor among users :

ID Verification : 

While registering user for bidding on the portal , they should be asked to upload ID proof and credit card information . If you are asking question for ID verification , then you also have right to reject registration and thereon terminate bidding activity to prevent fraud .

Real Time Auction Tracking :

 Facilities sellers to watch how actually the buyer is placing bids on real time basis .

Ratings : 

Add on this functionality  for both parties after completing the purchase and sale .

Bidder's Agreement & Obligations : Try to include all rules in bidder's agreement , for instance say including a clause to terminate membership in case of event of shill bidding to minimise fraud on your platform .

So considering all the above points that we can described in above article , you may be aware now that creating a bidding platform is very hard job and only a specialist of mobile app development company or software development company can do it efficiently .

[chetuinc]

We look forward to participating in the Realtors Triple Play Convention & Trade Expo 2023! Join us at Booth #103 to discover how our #RealEstateSoftwareDevelopment can help you accelerate your real estate business to the next level! To learn more from our experts, click here: https://tinyurl.com/247a8x39.

[skaditsolutions]

One of the best It Solutions in the field of web designing and development

Comprehensive Range Of Learning Management Systems

Education is a multi-billion-dollar industry that has seen a makeover in the recent past. The pace of this transformation intensified due to the ongoing pandemic. The run-of-the-mill scene of classrooms and textbooks was supplanted by online courses, recorded classes, and tech devices. Massive Open Online Courses (MOOCs) are now the thing, and almost all courses and institutes are now offering eLearning platforms to their students. The truth is education, eLearning, and constant training are required both by the students and the employees. SKAD offers its clients a comprehensive range of learning management systems or LMS for education and eLearning solutions. Be it a simple eLearning mobile-based application or a complex software program for online employee education and training purposes – we provide you with all this and more.

[softwaredevelopmentcompanykanpur]

Vshinetechnologies provides many services for our clients.1- Website Design2-Mobile App Development3-E commerce App Development4-MLM Software5-Real Estate Software6-Nidhi Company Software#vshinetechnologies #webdesign #websitedesign #staticwebsite #dynamicwebdesign #responsivewebdesign #mlmsoftware #mlmsoftwaredevelopment #ecommerce #EcommerceSoftwareDevelopment #realestate #RealEstateSoftware #realestatesoftwaredevelopment #nidhicompany #Nidhicompanysoftware #mobileappdevelopment #mobileappdevelopmentcompany 

Visit website- https://vshinetech.in