Top 5 Facts About Real Estate Apps That Will Make You Want to Build One

The real estate app market is diverse and welcoming to new solutions. While in the US, such giants as Zillow or Realtor take up a big chunk, there is still a lot of space for new solutions for convenient, location-specific, or just unusual apps. Not convinced? Let’s list five facts that will motivate you to think about building a real estate application.

73% of home buyers search for property online

That’s right, there are only a few people left still willing to meet with an agent in person. Most of us will rather open a real estate website or app and access thousands of homes right away (and for free).

One app is good, but usually, we go through two or more sources to find a perfect fit from different databases. And surely, your real estate app can be one of them.

The real estate app market is growing bigger every year

In fact, it is expected to reach $6.08 billion by 2024. Not bad, is it? Many can think that real estate software comes down to a few huge platforms like Zillow and that’s about it. Of course, it is not true.

From MLSs and databases to property management tools and end-user solutions, real estate software is full of providers. And you can be one of them.

Real estate apps bring process automation and straightforward property management

Let’s now focus not on the numbers but on the value. To put it short: real estate apps are needed. Clearly, these apps serve the end-users who are looking for a place to live in. But there is more than that: business owners need real estate solutions just as much.

The real estate industry is all about databases, lists, requests, and calculations. Those need to be managed effectively without causing any confusion. It’s easiest to do with an all-in-one application where the agent can view all the listings in one place, make changes to them, and communicate with the clients right away.

You can easily monetize a real estate app

Let’s be honest, one of the reasons for creating an app in the first place is to earn profit with it. Sure, you are bringing something new to the industry and helping the users but you still would have to make money from the app; otherwise, it’s simply charity.

The good news is that real estate apps are monetizable. In-app ads, premium features, fees for agents, features listings - you can be sure that your app will make money one way or another.

Real estate apps provide space for innovative technologies

Last but not least, getting a real estate app is not only profitable but also fun. It’s your time to get creative and use cutting-edge technology to your benefit. And for the convenience of your users, of course.

Which technologies can you utilize in a real estate app? To name a few:

Augmented reality
Virtual reality
Artificial intelligence
Machine learning
Blockchain
Push notification

Just imagine opening a real estate app to find a new flat that uses augmented reality to give you a virtual tour and machine learning to calculate your mortgage rate. Isn’t that amazing?

Bottom line

So, did we convince you to consider a real estate app more seriously? We sure hope so. If that’s so, don’t miss out on our guide: there you can learn all about real estate app development, including its cost.