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Best Real Estate Software for Builders & Real Estate Agents

Finding the best Real Estate Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.

real estate software guide

Table of Contents

What is Real Estate Software?

Builders and real estate developers are increasingly facing challenges in meeting stipulated deadlines while delivering a project. There can be many foreseen and unforeseen issues that can interfere with the timely execution of a project. When this is damaging to their reputation, it also increases the cost and risks associated with it. Real estate business software applications are designed to mitigate such issues by allowing real estate vendors in managing all aspects of their complex business requirements from an integrated platform.

The demand for real estate developments is rapidly increasing along with fast urbanization.
Real estate CRM software developers are now required to deliver multiple projects within a short period of time, which have made the project execution process complex. Real estate agency software is designed to facilitate pre-project and during project execution planning, cost and risk management through efficient forecasting etc. The primary function of these applications is to make project management process easier. The basic highlights of real estate software are listed below.

  1. Project planning and management

  2. Managing multiple projects from a single platform

  3. Reducing stakeholder risk

  4. Budgeting, cost monitoring and better management of finance

  5. Reducing risks and improving profitability

  6. Designed to serve building lifecycle of the user

  7. Document management and reporting

  8. Timeline management

  9. Bidding

  10. Customer relationship management (CRM)

Both on-premise and hosted software solutions are available in abundance. Software vendors are offering real estate management software for large as well as small builders. The key is to select the right size application that will support intrinsic business requirements, easy to integrate and install, flexible and scalable to changing business needs. Our listing service lists realtor software pertaining to your specialized industry where you can check, learn and compare the different software applications available.

The section of real estate software lists specialized software appropriate for builders. If we are to suggest a few names, those would be – iGreen T.FAT Build, BuilderPlus, Highrise etc.

How Real Estate Management Software Can Help Your Business

Competition nowadays has intensified between real estate developers as everyone is trying to grab hold the first attention of customers. Real estate software development, when is a lucrative business, also involves plenty of risks. Real estate management software facilitates the amalgamation of different complex aspects of the construction business by offering an integrated dashboard to users. Most software of the type offers to bid to billing solution so that the whole process can be managed from a single platform. Today, where most builders strive to complete multiple projects within a short period of time it is important to be able to manage the day-to-day operation from a consolidated platform.

To a construction business owner, real estate agent & developer, benefits of a real estate software are multi-dimensional. Most applications of this category have the following features.

real estate software can help your business

1. Project Planning:

Construction projects normally involve a large investment. The real estate management system is, therefore, imperative to lay down a proper project execution plan to make the process smooth and hassle-free. It also helps towards mitigating risks and delayed deployment.

2. Financial Planning:

Large involvement of fund also needs proper management and planning and hence, these applications integrate with a financial management module that allows users to keep track of receipts and expenses and ensure transparency at every level.

3. Scheduled Task:

Schedule tasks and check progress from a consolidated dashboard. Receive daily updates and measure project execution percentage for the timely delivery. See all open issues and steps taken to address the problem all from one platform.

4. Bidding:

Check vendor bidding status. Most applications will allow you to check, schedule and attach a document to the bidding process along with providing with a list of vendors who have been invited to bid.

5. Contract Management:

Manage contract documents and also track changes in contract terms and condition. Real estate ERP software allows a collaborative platform from which all documents pertaining to all open and closed projects can be managed. The user can also set the permission level for users to view, access and edit documents.

Important Features of Real Estate Software

In the present world, with the increase in population, there is also an increase in the rise of accommodation. All over the world, people are investing their ventures into the real estate’s as it is one of the fastest-growing industries at present. All the construction sites and real estate projects are increasing tremendously day by day. Presently, there is the real estate management software which eventually provides the real estate with a complete solution in order to manage their property peacefully and handling them with great efficiency and effort.

Real estate management software are of great help. The major portion of the work of the real estate transaction management software is to offer functionality for takeoff, estimating the cost, managing the project properly, document management, service management, and accounting. The real estate database software works under different features such as:

features of real estate software

1. Risk management:

Using the particular real estate property management software it will help the users to minimize liability in the field of tracking of lien waivers. The labors who all are working at the construction site undergo different risks factors. In that case, you can explain to them the risk management process thus reducing their tension.

2. Customizable as per your business needs:

Using the real estate ERP software will eventually provide the organization that much freedom to define their accounting, operations and procurement processes. The job is much simpler as it can be customized as per own necessity.

3. Project Management:

With the help of real estate software the users can easily decrease their own risk factors and thus can eventually increase their productivity and profitability. The organizations can easily detect the problem and solve it before it’s too late.

4. Real Estate Management:

The users will get the details of all their documents and they get the opportunity to manage their entire property with improved communications. They can also offer their organizations inflexible lease options and can eventually make a profit.

5. Document Management:

Using real estate management software the users will have great control over the documents and undergo a clean audit trail thus reducing the risk factors.

6. Visibility in business:

If the user wants then the person can easily take control by defining the information the organization requires and the way to access and also regarding the business decision and the profit charts.

As a result, all the features of the construction management software eventually help the organizations to work peacefully, attain profit and also reducing the various risk factors.

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Frequently Asked Questions (FAQs)

  • A. Real estate software is a set of programs that automates routine tasks and helps manage the entire deal cycle. From taking care of initial request through matching listings to negotiations and closing, it simplifies and streamlines every process.
  • A. Here are the best free and open source real estate software :
    1. Real Builder
    2. Astral Real Estate Management System
    3. Builder Plus ER
    4. iGreen T.FAT Build
    5. RSquare
    6. Highrise
    7. Binary Real Estate ERP, etc.
  • A. It should integrate with contacts, calendar, document management, and email archiving system.
  • A. You can choose from Placester, Salesforce, Grasshopper, Cloud MLX, Homesnap, RSquare, etc.,
  • A. The common users are builders, contractors, agents, investors, landlords, property managers, small and medium-size infrastructure companies.
  • A. You can buy Rentec, 360Workplace, Appfolio, Buildium, Planon, TRIRIGA, Entrata, Hemlane, etc.,
  • A. You can cut costs, save time, gain analytical insights, and secure sensitive information with cloud-based solutions.
  • A. It provides the latest technologies that integrate workflows, streamlines processes, and manage data.
  • A. You can generate leads, manage contacts, schedule visits, edit videos, perform market analytics, produce rental listings, and credit reports.
  • A. The current trends are cybersecurity, cloud services, tech-based operations, goal-oriented property management, virtual reality tours, and 3D property rendering.

Chirantan MungaraBy Chirantan Mungara | Last Updated: October 19, 2020

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