Tech in real estate is rapidly changing how properties are bought, sold, and managed. From augmented reality (AR) to artificial intelligence (AI), real estate companies continually innovate new products and services, making it faster and easier for real estate professionals to do business.
Aloa has worked with real estate companies, developing customized software solutions to meet changing market demands. As a managed service provider offering outsourced software development consulting, our team pre vets, sources, and fronts professionals with applicable industry experience to leverage the power of tech in real estate towards achieving modern business goals.
With that said, we've compiled a list of 10 powerful companies using real estate technology to help make buying and selling properties easier. We'll briefly go through each company, highlighting their key services, outlining their unique points, and discussing why they are worth considering for any real estate professional. Afterward, you'll know where to go for solutions based on your needs and goals.
Let's jump in!
10 Companies Leveraging Tech In Real Estate
Companies that leverage tech in real estate are using innovative solutions to maximize efficiency, streamline communication and increase sales. Using technology enabled solutions allows industry players to provide accurate industry-centric solutions that keep up with the ever-evolving market. Let's look into the 10 tech-enabled companies transforming the real estate industry:
1. Zillow - Well Established Industry Leader
Zillow is a real estate platform that provides a streamlined user experience regarding real estate services and solutions. With Zillow, real estate agencies, brokers, investors, and prospecting buyers and sellers can explore their suite of tools that make navigating the industry productive.
Users can explore their AI-enabled website to gain personalized recommendations or use various calculators to analyze their options. With Zillow, home buyers, sellers, and real estate agents can optimize their prospects while improving client interactions to drive up sales.
As an established player in the industry, those who opt to leverage Zillow also benefit from expanding their leads list, casting a wider net of potential. The intuitive design and ability to choose the type of service make Zillow a good choice for those in the real estate industry looking to grow their portfolio or reach new market segments.
2. Redfin - End-to-End Real Estate Solutions
Redfin takes tech in real estate to the next level by digitizing the entire buying or selling process. Their services include personalized property searches, assistance from local agents, and up-to-date property information. Home buyers and sellers looking for a convenient, transparent, and efficient way to handle their real estate transactions benefit from working within the Redfin platform.
Since the platform combines a user-friendly experience with experienced agents and a digital solution for real estate, it offers a seamless experience from the initial property search to the final closing. Their innovative approach to listings, pricing, and searches enables users to maximize their profits and quickly attract the right market of potential buyers.
Whether finding the perfect home or selling a property at the best possible price, RedFin offers the tools and support needed to navigate the real estate market confidently.
3. Keller Offers - Intuitive Cash Offer Programs
Keller Offers is a real estate company offering three primary transactional services:
- Cash Offer Program: Those looking to sell their homes hassle-free and efficiently.
- Ready To Stay Program: Those looking to renovate or fix up their current home and want a little more elbow room.
- Ready To Sell Program: Those who wish to improve their home's marketability, prepared to sell at a competitive price
Each program aims to simplify the home buying and selling process by providing loans that enable users to purchase their dream homes or start renovating and setting up their homes for the market.
With the right program, it's much easier to stay competitive in the market and aim for the requirements or price you are after. When selecting a program, the platform combines intuitive, innovative technology to guide you through the program processes. Also, it enables you to reach out to an experienced real estate professional for any additional questions or clarifications.
From there, signing up for a program is a streamlined and efficient process so you can focus on buying or selling your property instead of getting caught up in paperwork or cash program requirements. Keller Offers the ability to provide users with a quick solution for cash needs within the real estate market, setting them apart from their competitors and other loan options, such as banks, by keeping things simple and fast.
4. RXR - Innovative Urban Development Using Technology
RXR is a real estate owner, operator, investor, and builder platform committed to building socially, economically, and environmentally responsible communities. Their commitment to these aspects takes on the modern trend of using property technology (PropTech) to enhance the development and livability of their spaces, making them at par with the modern community and living standards.
Using PropTech, RXR can use cutting-edge data capabilities to lead the charge toward strategic partnerships that stay ahead of the curve in urban environments. Their portfolio includes a list of five-star residential living projects and modern workplaces.
Aside from that, property owners have the advantage of incorporating WorxWell into their day-to-day property management requirements. WorxWell is a simple-to-use data analytics platform that integrates a building's and tenant's data into one place.
The data include vital factors such as occupancy, digital collaboration, access control, air quality, temperature regulation, etc. Since everything is consolidated in one dashboard, users can easily optimize how they live and work for an optimized day-to-day experience.
5. KeyWay - Streamlined Commercial Property Solutions
KeyWay rebuilds the commercial real estate ecosystem by offering a transparent, efficient, and AI-driven solution to buying and selling property. Their key services include:
- Transition Out: Sell your property to KeyWay to transition your business
- Sell & Stay: Converts your equity into cash so you can continue running your business in the same location
- Expand: Work with their team to find more locations for your business
- Rent-to-own: Turn rental payments into down payments toward purchasing and owning your location.
With their experienced agents and AI-driven solutions, KeyWay offers a fast and efficient way to close a deal. This makes their services ideal for commercial property owners looking to sell their location quickly. Conversely, those looking to start a business as quickly as possible can work with KeyWay to find the ideal location and get up and running.
KeyWay works with multiple sectors, including commercial property for multifamily owners, doctors in private practice, dentists in private practice, and veterinarians in private practice.
The ability to evaluate or find the ideal property using their online property valuation calculator also streamlines commercial buying and selling. With it, users can get a general idea of their property's worth before deciding how to price it on the market.
Additionally, users can contact their agents for a more in-depth evaluation or assistance in finding the ideal location for their business. The combination of using modern tech in real estate and professional advice makes KeyWay a unique choice for those looking into a commercial property. The overall process is fast, efficient, and hassle-free.
6. OpenDoor - Digitized Buying and Selling Solutions
OpenDoor is a home buying and selling platform that puts the power of the process in your hands. Using their online platform, users can start purchasing or selling their property without dealing with the hassle of physical paperwork, open houses, and other complications.
OpenDoor's experience allows users to save time and money as they take control of their real estate process. The company offers transparent pricing on its website, making it simple to understand how much a property is worth without additional paperwork and paperwork delays.
Furthermore, sellers can receive an all-cash offer in as little as 48 hours after submitting their property information online. This offer can be accepted immediately, allowing sellers to move on from the sale quickly and easily.
Opendoor has a wide selection of properties available for buyers right on its website. The entire process happens within the platform, from searching for your dream home to making offers and closing the deal. These features make it perfect for anyone looking for an easy, hassle-free experience when buying or selling property.
7. Qualia - A Simple Way To Close Real Estate Deals, Securely
Qualia is a digitized closing platform allowing a simple, secure, efficient buying, selling, and bowing process. Built around a secure communication and documentation-sharing solution, it uses a simple and efficient process to close deals.
With their tools and services, users can manage the stage of their dealings, leading to a quicker and smoother translation process for all parties involved, an invaluable component in today's fast-paced market.
Additionally, Qualia's industry partnerships show a testament to its quality services. Their closing software is accessible through an easy-to-use interface. It easily integrates with existing systems to ensure you get the most out of your signing.
Plus, their eClosing solution allows users to store documents securely, sign remotely, and have everything ready for the closing table without leaving the comfort of their homes. With Qualia, you can rest assured that the real estate process will be secure and efficient when it comes time to close a deal.
8. EndPoint - Intuitive Home Closing Platform
EndPoint uses intuitive technology to simplify the home closing process and make it so buyers and sellers get the most out of their real estate experience without having to deal with additional hassles or inconveniences. Their solutions include a range of services for buyers & sellers, agents, PropTech, lenders, and investors alike, making it an all-around option for those in the industry.
As a unique feature, EndPoint's PropTech solutions enable agents and agencies to establish closing solutions effectively and consistently across the United States. With that, it's easier to scale a business and grow its potential in a highly competitive space.
Aside from that, users can easily communicate with EndPoint team members to better understand and optimize their closing solutions toward creating a more profitable and efficient end-to-end experience.
EndPoint is an easy-to-use, comprehensive platform that provides users the tools they need to ensure a smooth closing process. With it, anyone can access proven real estate solutions when it comes time for buying or selling their property.
9. Reonomy - Backed by AI Technology
Reonomy uses AI and machine learning technology to offer invaluable insights into commercial properties in real estate. Users gain access to a vast database of potential properties. They can conduct a comprehensive market analysis to generate leads easily. Also, the platform allows investors, brokers, and lenders to make informed decisions based on accurate data-driven analytics.
Their solutions revolve around web-based applications and data solutions that aim to provide users with the best insights for their real estate investments. Reonomy uses predictive models and algorithms to crunch a large amount of data from various sources and convert it into meaningful, actionable information on real estate assets.
The platform also offers customers access to property intelligence that can be used to understand pricing trends in certain areas, view ownership history, assess the market value of properties, analyze potential risks, and more.
These big data applications have revolutionized the real estate industry and have streamlined the process of property evaluation, leading to more informed investment decisions. With Reonomy, users can gain a competitive edge in their real estate investments. These tools, platforms, and services are designed to make buying or selling real estate more efficient, secure, and straightforward for all participants.
10. BuildOut - Broker-Centered Services and Solutions
BuildOut is a key player as a real estate industry software company, creating cutting-edge solutions that improve the efficiency of property managers. Their platform enables brokers and agents to create highly engaging marketing materials that reel in leads and make it possible to close deals quicker.
BuildOut also includes tools that assist users in the proposal creation process and leverages modern marketing methods like VR and AR to showcase their listings to attract prospective buyers. The platform's intuitive design and advanced analytics capabilities make it a valuable tool for real estate professionals looking to optimize their businesses.
Its user-friendly interface and features allow users to create custom campaigns targeting the right buyers. At the same time, its automated workflow tools make it easier for managers to track project progress.
BuildOut helps agents and brokers gain a competitive advantage in the market by streamlining their real estate process with the help of advanced software solutions. It allows users to quickly and easily create marketing materials to increase their deals' success rate. At the same time, its automated workflow tools reduce the time spent on managing projects.
5 Benefits of Using Tech in Real Estate
Tech in real estate has greatly streamed the industry's ability to turn around efforts faster. Whether in marketing, customer service, or data management, tech has profoundly affected the real estate industry. Here are five benefits of using tech in real estate:
Improved Efficiency and Productivity
Perhaps the most evident impact of tech in real estate is the improved efficiency and productivity it has brought about. By replacing manual processes with automated ones, agents can now quickly and accurately complete their tasks without worrying about tedious paperwork. This saves businesses time, energy, and money, allowing them to focus on other aspects of their operations.
Nowadays, a handful of platforms offer software solutions and automated services to make almost every aspect of the real estate process easier and more efficient. Aside from that, strides in PropTech enable agents to better market properties by providing insights about customer preferences and trends in the industry.
In tandem, tech in real estate has also paved the way for increased transparency throughout the process. Platforms that offer online services allow customers to browse different listings, compare prices, and get a glimpse of what's happening in the industry.
Enhanced Data Analysis and Insights
Technology empowers real estate professionals with advanced data analysis and insights, enabling them to make informed decisions and identify valuable opportunities. Professionals can access comprehensive market data, historical transaction information, and property analytics with data-driven platforms and tools.
These insights help investors assess market trends, evaluate property performance, and identify potential investment opportunities. Having the benefit of leveraging technology for data analysis, real estate professionals can gain a competitive edge, optimize their investment strategies, and make more accurate predictions about future market dynamics.
Improved Customer Experience
With improved efficiency and enhanced insights, tech in real estate has also enabled agents and brokers to create a better customer experience. Nowadays, customers can easily browse through available properties and explore their options without visiting each property's site.
With emerging technologies like virtual tours, 3D renderings, and even 360-degree videos, customers have access to detailed descriptions of every aspect of the property. Through digital platforms and tools, buyers and sellers can access property listings, conduct virtual property tours, and communicate with agents more conveniently and efficiently.
Real estate companies can leverage augmented reality (AR) and virtual reality (VR) technologies to provide immersive property experiences, allowing potential buyers to visualize and explore properties remotely. Customer relationship management (CRM) systems also enable agents to personalize interactions, track client preferences, and provide tailored recommendations, ultimately improving customer satisfaction and loyalty.
Streamlined Communication and Collaboration
Communication and collaboration are essential in the real estate industry, involving multiple stakeholders such as agents, buyers, sellers, lenders, and service providers. Technology facilitates seamless and real-time communication among these parties, minimizing delays, improving transparency, and fostering better collaboration.
Platforms such as project management software and transaction management tools enable secure document sharing, automated notifications, and centralized communication channels, ensuring all stakeholders are on the same page throughout the transaction process. This streamlines workflows, reduces miscommunication, and enhances the overall efficiency of real estate operations.
Cost Savings and Operational Efficiency
Implementing technology solutions in real estate can lead to significant cost savings and operational efficiency. For instance, digital marketing platforms and tools enable targeted advertising, reducing marketing expenses and reaching the right audience more effectively.
Property management software automates rent collection, financial reporting, and maintenance processes, reducing administrative costs and optimizing operational efficiency.
Furthermore, cloud-based storage and document management systems eliminate the need for physical storage spaces and minimize the risk of document loss or damage. By leveraging technology, real estate businesses can streamline operations, reduce overhead costs, and allocate resources more efficiently.
Integrating technology in the real estate industry offers a range of benefits, including improved efficiency, enhanced data analysis, better customer experiences, streamlined communication, and cost savings. Real estate professionals can gain a competitive edge, optimize their workflows, and deliver superior client services by embracing and leveraging the right tech tools and platforms.
Key Takeaway
Tech in real estate has revolutionized the industry by introducing new tools, platforms, and services that enable improved end-to-end processes for all parties involved. With that said, technology has profoundly impacted the real estate industry, offering a range of advantages that will only continue to grow as the market evolves and modernizes to meet current expectations.
If you're ready to explore how technology can enhance your ability to optimize your real estate business with PropTech solutions, reach out to resources@aloa.co. Our Account Managers can walk you through your options and help you choose the best technology solutions that enhance your business operations.
Let us help you unlock the power of PropTech and become a leader in this industry.
