Real Estate Mobile App Development 101: Everything You Need to Know

15-Second Summary: In a world where technology is reshaping global industry verticals, real estate is no exception. The traditional method of property selling/buying has seen a huge transformation, and this article delves into that very note. Read on to explore the ins and outs of real estate mobile app development!

The real estate industry finds itself at a crossroads at this age when convenience and mobility are paramount. The need for digitalization has never been so important, and for good reason.

Gen Z and Millennials are coming of age as both homebuyers and investors. Growing up in a digital world, these generations have high expectations when it comes to technology. They demand streamlined, tech-driven solutions in all aspects of life, including real estate which is going to hold a market share of $4,923.3 billion by the end of 2031.

Hence, if you’re planning to get into the field, you must create real estate app to win big in this competitive market.

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As a matter of fact, 74% of homebuyers use their smartphones and tablets to search for properties.

So, even if building a website is a must, that’s only a drop in the bucket. In order to truly get the exposure, businesses need to consider leveraging real estate application development services to build a robust mobile app.

Why and how so?

You’ll find that out in this article. Keep reading!

Why Real Estate Mobile App Development is Trending in the Industry?

Technology has made things fast. Everyone wants to do things on the go without compromising on quality. That's true for property agents and buyers as well. Making a good deal should be a quick process for both parties.

This is why property management apps are absolutely necessary for modern real estate businesses.

Mobile apps have become the primary channels to communicate with clients and generate earning scopes. For the start, you get:

• Superior accessibility as users can explore your services at their convenience.
• Excellent customer experience coupled with real-time communication between buyers and sellers.
• Precisely targeting the user group who is interested in your service.
• Improved rent/sales cycle with optimized outcomes.
• Customer loyalty programs through special offers and promotions.
• In-app marketing and promotional activities, such as advertising.
• Brand awareness and market recognition.

Types of Mobile Apps for Real Estate

Based on the target audience, real estate business apps differ in their types and functionalities. It's worth knowing the types before you begin the application development process as each has a specific purpose to serve.

Here are some of the most popular real estate app solutions you should consider:

1. House Hunting Apps - Allows buyers to access a wide range of home listings from various sources.

2. House Renting Apps - Streamlines the home renting process for both renters and landlords.

3. Home Valuation Apps - Gathers data to accurately calculate the estimated value of a property.

4. Property Listing Apps - Simplifies the property search process for homebuyers, investors, and real estate professionals.

5. Realtor Apps - Empowers agents to easily show homes, apartments, and commercial spaces to potential buyers.

6. Agent Assistant Apps - Collects various property information, enables communication with clients, and much more.

7. Property Management Apps – Allows owners and managers to handle different properties.

8. Real Estate Investment Apps - Finds suitable properties and their values with accurate data for investors.

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Key Features of a Real Estate Mobile App

Determining the feature set you want to include in your product is one of the critical stages of mobile app development. Drawing from our experience and technology trends, we’ve compiled this list of the core real estate app features your product should include. Take a look:

• Signup and Login: A simple way to create an account or log into the app.
• User Profile: Different personal profiles for agents, buyers, and property owners.
• Integrated Maps: Location of properties on a map and exploring the neighborhood.
• Search Filters: Customizing property search with filters like price range and property type.
• Saved Searches: Saving favorite searches and receiving notifications when new properties match the client’s criteria.
• Price Calculator: Calculating estimated mortgage payments and EMIs.
• Contact Agents: Connecting with real estate agents or property owners in real time.
• User Reviews: Reviews and feedback to gain insights on properties and services.
• Push Notifications: Real-time notifications for any update on their searches and finds.
• Calendar: Checking availability slots and booking appointments or visits.

Benefits of Mobile App Development for Real Estate

There's a multitude of potential advantages of real estate app development solutions, and they keep expanding with advancements in technology. Recent mobile app usage statistics in this industry are the biggest proof of this fact.

Let's delve into some of the benefits it offers to businesses:

1. A user-friendly real estate mobile app simplifies the property searching process. Buyers can refine their searches based on personal preferences within specific price ranges and factors like room count, property size, or age.

2. Digital real estate apps provide businesses with valuable insights into their customer base through user interactions. This becomes a vital resource for continuous app improvement and meeting user demands.

3. Mobile apps for real estate enable users to access important information anywhere, anytime. This ease of service directly from the source, without intermediaries, boosts sales and revenue.

4. Getting marketing opportunities is another great benefit of these apps. By gathering user data, including demographics and preferences, businesses can personalize notifications and promote their services.

5. For real estate professionals and companies, mobile app development offers an opportunity to build an app that represents your vision and gains global business recognition.

Steps to Create a Real Estate Mobile App

It's important to note that the fundamental steps of developing a real estate mobile app are similar to those of any other type of app, which follows:

• Analyze
• Develop
• Release
• Support

But when it comes to this niche, real estate mobile app developers have some specific tasks to complete, such as:

1. Find Your USP

Once you have done the initial research on the marketplace and your competitors, you need to come up with your Unique Selling Proposition – what are you going to offer that your competitors don’t?

It's not just about cutting-edge functionalities; you can stand out by offering the best offers or services tenure, for example.

2. Accumulate Property Listing

This is the most important part of real estate app development. There are different MLS (Multiple Listing Service) databases that contain all the information about property selling and renting. You can integrate such a platform with your mobile app and collect the listings.

3. Choose a Development Company

Building this type of mobile app isn’t a pet project; you would need to work with a real estate mobile app development company or hire mobile app developers specializing in this field to do the job.

Check out this guide to decode the tips to choose a custom mobile app development company for your project.

4. Build the Mobile App

Now, you're ready for the last phase – crafting its initial version or a MVP (Minimum Viable Product) with the basic features to put your idea to the test in the real world.

Once you've launched this version successfully and gathered valuable user input, the development team can then proceed to build a comprehensive, fully-featured mobile app.

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Tech Stack Required for Real Estate App Development

To effectively incorporate the previously mentioned features into your app, you need a strong technological foundation that not only empowers your mobile app but also ensures its speed and reliability.

Here, we've outlined the technologies that Radixweb’s skilled developers commonly use:

Apart from this integral tech stack, you can also utilize cutting-edge technologies like Artificial Intelligence, Machine Learning, Augmented Reality, Virtual Reality, IoT, Big Data, and last but not least, Blockchain.

Cost of Developing a Real Estate Mobile App

The total cost of real estate mobile app development depends on a range of factors, such as:

• Complexity of the app
• Skill level of the developers
• Technologies used
• Targeted platform

In general, a simple real estate mobile app typically falls in the range of $30,000 to $80,000. However, for more advanced applications, the cost can exceed $250,000.

Alternatively, if you outsource your project to offshore real estate app development companies and hire dedicated developers, the cost will be based on their hourly rates.

In the United States, seasoned real estate app developers charge an average hourly rate ranging from $100 to $200. In Europe, rates fall within the $80 to $150 per hour range while Asian countries like India offer unbeatable rates at $30 to $70 per hour.

Top Five Real Estate Mobile Applications in the Market

The industry is booming with numerous real estate apps, each designed for specific purposes. Here's a handpicked list of the top market contenders in the real estate industry to help you draw some strong inspiration for your real estate app development project.

• Trulia
• Zillow
• Redfin
• Realtor
• Homesnap

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How Radixweb Can Help You Develop Your Real Estate Mobile Application
Remember the third step of the real estate app development process we mentioned?Building a strong and resilient team that supports your project mission and organizational vision is one of the most crucial factors for the success of any project, including mobile apps for real estate.Radixweb stands at that very edge, ready to deliver top-tier mobile app development services tailored to our clients' goals and requirements.We have a passion for projects that bring joy and convenience to people's lives. Our recommendation always leans towards custom development because it gives you the freedom to precisely incorporate the features you require, without being held back by cookie-cutter solutions. Plus, you won't have to pay for any unnecessary features.We thrive on challenges and always look for the opportunity to offer our expertise to even the most sophisticated enterprises and grow with each complex project we take on.Feel free to contact us for a free and extensive consultation on your project!