The global real estate software market is expected to post a CAGR over 8% during the period 2018–2022. Almost 88 out of 100 buyers use a real estate agent to handle the purchasing process. Automation will significantly reduce time on processes and release resources to the required areas and keep you ahead of the market and your competitors. Here are five areas in real estate where automation work wonders for post-mortems and other business processes that need to be automated to keep up with the changing needs of the real estate market. For more information on how to use automation in your business,
The more people in the sales funnel, the more potential for conversion and sales. Once the leads are collected, leads are channeled and segmented into appropriate lists, personalize them and send timely emails and reminders to the clients. The software can deliver newsletters, emails and text messages to keep interested clients in a constant loop, providing more opportunities to increase engagement and drive new business. Automating property management is no longer ‘a nice to have’ feature but a necessity. AI-based chatbots can help residents pay rent, extend lease and report issues with the property 24/7 so that it can be communicated to the required people.
Scheduling inspections, manually collecting data, taking pictures and further analyzing them to prepare reports and certificates is still pretty evident across real estate companies. Automating indoor and outdoor field inspection will reduce manual errors and eventually cut down the whole report delivery time dramatically without compromising the quality and reliability in the process. A good real estate automation software should centralize all the information in one place and make it interactive and easy to share relevant information with all the major players. It is probably another few years for a software to scan properties and spit out value and it will be a few more years before a software can do this for you.
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