Real Estate Database Software: Key Features, Integrations, and Gains
Real Estate Database Software: the Essence
Real estate database software is a consolidated store of data about the property, ranging from residential to commercial structures, manufactured housing, and warehouses, that can be hosted in the cloud or on-premises.
A database consists of a web application for interacting with aggregated property data that make up the real estate database software.
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Key Features
Database administration
Uploading and editing of property data, both manually and automatically.
Uploading in bulk.
Detection and merging of duplicate data.
There are no limits to the number of file and media references and attachments you can make.
Custom logs that can be filtered and searched, triggered by actions (e.g., new property uploaded/deleted, portal activity by contacts).
Database search and filtering
Keyword-based searches (including key phrases).
Segmenting your search (buyer intent, type of sale, property type, etc.)
Search attributes that can be customized (location, price, listing status, parking type, etc.).
Analytics
Customer data is analyzed.
Analyze market trends.
Analytics reporting and visualization tailored to your needs.
Data analysis enabled by AI to assess property opportunity (most likely to gain in value, highest return on capital invested, highest yield), forecast client behavior, and so on.
Property portal
New properties, price changes, photo changes, property availability changes, and other custom notifications are available.
Reviews and ratings submitted by users.
Comparative analysis of properties.
Appraisal of a home.
Calculators are devices that are used to make calculations (commission, max loan, rent-vs-own, mortgage).
Virtual tours, 3D visualization, and point-and-click floor plans are all available.
Base of knowledge: Q&A, as well as buyer/seller guidelines and educational films.
Gamification
Real estate agent leaderboards.
Real estate agents can play online team-building games.
Real estate agents and buyers/renters face referral problems.
Real Estate Database Software at a Glance
Offer a 3D virtual tour across the property.
Import Real Estate listings in one click.
Easily find, filter, and organize property data.
Monitor Interactive Property Management dashboards.
Compare two or more properties based on multiple criteria.
Calculate property market value online.
Calculate monthly loan payments online.
Track the performance of your Agents.
Popular Integrations for Real Estate Database Software
CRM
can import leads from a property portal straight into CRM, receive real-time notifications of prospect and lead activity, choose and deliver up-to-date listings to prospects and leads, and manage targeted follow-ups.
Property research services, Internet Listing Services (ILS), etc.
to share and receive information on property prices, availability, contacts, policies, and more in real time.
Maintenance management software, property inspection apps, etc.
to update the property data in the database with the most up-to-date information about the property’s state.
Payment systems
to automate the entire rental – reservation procedure
Google Maps, third-party APIs with neighborhood information
to display property and amenities in the neighborhood in the property portal.
What Determines Real Estate Database Software Success
Intuitive UI for real estate professionals, owners, investors, renters, and buyers to input, update and retrieve the required data quickly and easily.
Powerful search engine for a quick property search using multiple filters.
Mobile access gives brokers, buyers, and sellers easy access to the database while on the go.
Customizable property templates to change the description of a property based on its kind, location, and other factors
Sound application performance management (APM) to ensure that online software loads quickly and runs smoothly in the face of several simultaneous transactions and high-resolution media material
Real Estate Database Software Investments and ROI
The ROI of real estate database software will depend on a multitude of factors.
In general, when switching directly from paper, pencil, and spreadsheets, the total payback period is less than 6 months (often much sooner).
If transitioning from other digital tools, requires individual evaluation, most likely, the company can expect the total payback in less than 18 months.
Key Financial Outcomes of Using Real Estate Database Software
Increased productivity of real estate professionals due to quick access to consistent and up-to-date property-related data, ability to make quick bulk uploads/edits, and more.
Improved client attraction and retention due to streamlined business-client communication, convenient owner/renter self-service, and useful tools (such as property valuation) in the customer portal.
Improved management and enforcement of CC&Rs (Covenants, Conditions, and Restrictions) due to full data transparency.
Accurately targeted marketing due to insights into client behavior, market trends, and property success factors.
When Build Custom Real Estate Database Software
Off-the-shelf real estate databases must be adjusted to meet a company’s specific business demands, which can drastically raise solution prices.
When it comes to many integrations with third-party or legacy software, custom real estate database development is also cost-effective.
Real Estate Database Software: Сonsulting and Development by Livyoung Realtech Enterprise
Real estate database software consulting
Our Consultants:
Define the functionality of a real estate database and the technology stack that supports it.
Make a business case for yourself.
Plan out the software architecture.
Mock-ups for UX and UI are required.
Provide a scenario for execution, as well as cost and time estimates for the project.
Calculate the return on investment (ROI) of the solution.
Real estate database software development
Our team offers:
Analyze the business.
Development of databases, websites, and mobile apps.
Third-party software integration.
User education is important.
After-launch assistance.
Software maintenance is ongoing.
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