Top 6 Innovative App Ideas for Real Estate Business

The real estate industry brings limitless opportunities, as the demand for housing never stops, and the need to satisfy clients will always exist. Ferocious competition very much exists in the rapidly-paced industry, however, and in an age where basically everyone stays online, many players have had to adjust by embracing technological innovations.

According to a survey from the National Association of Realtors, 97% of homebuyers use the Internet at some point in their home buying and selling process. This percentage comes from 2020, when social distancing, quarantine, and health guidelines were very evident due to the pandemic, and technology was required to do pretty much everything.

Now, though the expertise of realtors is still absolutely necessary and vital, the Internet continues to become an important tool in all real estate processes. This is why innovative apps can play an immense role in serving real estate players and clients. These are a few ideas professionals looking to become a player in the industry can delve into.

1. Real Estate Listing and Auction App

Sometimes, you cannot go wrong with the basics. As most existing future home buyers do, the real estate listing and auction app covers a plethora of houses that buyers can sort through using filters that determine their preferences.

Most of these apps require buyers to contact designated real estate agents or realtors once they find the house they want to take care of all the paperwork. A listing and auction app that allows future buyers to bid on the property they want right there and then, however, gives buyers an experience of ease and zero hassle, which is probably what everybody wants.

One of the real estate auction apps deemed the best is Xome Auctions, an app run by company Xome under CEO Mike Rawls.

2. Real Estate “Dating” App

It’s without question that buyers would want the most perfect house to be their future long-term home. This is why most buyers endlessly search and search through the abundance of houses for sale. With most apps only having a few basic filters, like the number of bedrooms or bathrooms, the size of the house or land, etc., the search may feel unending, leaving future buyers tired and hopeless sometimes.

A “dating” app for real estate allows buyers to sort through houses and swipe right or left to determine which they like and which they don’t. The Tinder-like learning algorithm will then give better search results depending on the buyers’ set preferences. This is, of course, only the first step. Once the perfect house is found, buyers will be paired up with a realtor or real estate agent.

One app that operates this way is Casa Blanca, an AI-powered app founded by Hannah Bomze.

3. Real Estate Locality App

Location is unquestionably essential for most, if not all, future home buyers to determine which property they want to purchase. If a young family wanted to purchase a house, for example, they might take into consideration whether the place exists in a great school district. If an aspiring artist was searching for an apartment, they may want to live someplace with an artsy scene.

A real estate locality app allows future buyers to search through houses depending on their surroundings, shown through features such as a complete map of the region or a section filled with property management. The app also has a social communication system where others who have lived in the neighborhood for quite some time can leave reviews and ratings on certain criteria, helping future buyers determine whether they’d like a property there.

4. Real Estate AR Tour App

Finding the dream home can be difficult when a future buyer is holed up in their office, busy collecting the funds they will need to someday finalize a deal. Though real estate listing apps have helped in regard to finding potential houses, human beings are visual creatures and might still feel the need to look at their dream home in person. What if there’s a loophole to this?

Although the future buyer isn’t technically in the house, a real estate AR tour app can provide them with the basic needs of at least viewing the home before deciding to purchase. With the technology of augmented reality being continuously improved, the home walkthrough may feel as real as it can be. This app may also be helpful for future buyers wanting to move abroad and browse through available properties but can’t afford the trip just yet.

One example of a real estate AR tour app is AR House, an augmented reality property walkthrough assistant developed by SmartTek Solutions.

5. Real Estate Document Library App

The continuous effort to find the perfect home is just the beginning. Once buyers have stopped sorting through houses and decided on the house they want, a mountain of paperwork awaits them.

A real estate document library app allows both buyers and real estate agents to keep all the necessary documents and papers safe and neatly categorized in one place. When a certain document is needed, the hassle of scouring through piles of papers would be nonexistent, as it will be available instantly.

A few of these apps already exist, but most are made in consideration of realtors and real estate agents. As proper document management will certainly be appreciated and needed by buyers as well, an app directed for them might be a venture worth considering.

6. Real Estate Cost Estimator App

Last but certainly not least is the real estate cost estimator app. One of the main determiners for buyers to choose their future home is how much it costs and whether or not they can afford it, and cost here doesn’t only mean the house itself. Buyers have to consider mortgages, taxes, potential repair estimates, and more details that are probably initially unthinkable.

The real estate cost estimator app would act as a calculator of type, with analytic features that can accommodate both buyers buying a property on loan or with direct funding. The app automatically predicts the amount of funds a buyer will need depending on their payment and purchase types, giving them the opportunity to plan ahead.

With an innumerable amount of real estate industry apps already existing in the market, pursuing them may seem like a superfluous feat. However, with plenty of parties, from buyers and realtors to contractors and inspectors, in the industry, what matters is finding the perfect group to help as well as the ways to do just that.

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