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The New Outlook in Real Estate Transactions

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  • The New Outlook in Real Estate Transactions

Challanges:

Simplify complex real estate transactions, improve property maintenance management, and streamline rental processes while ensuring a seamless customer experience.

Industry

Real Estate

Solutions:

Developed a comprehensive mobile app and web platform integrating 3D property views, online purchasing, and payment systems, along with tools for managing property maintenance and rental agreements.

Result:

Enhanced customer experience with virtual property tours, faster transactions, simplified maintenance, and a centralized system for managing rental properties and notifications, improving overall business efficiency and engagement.

Location:

Saudi Arabia

Introduction

Purchasing and renting properties in the real estate industry have long been complex and time-consuming procedures. Managing multiple agents and maintenance tasks adds to the challenges for property owners and renters alike. A company sought to address these challenges by developing a full-service mobile app and web platform that simplifies real estate transactions and management.
This case study explores how the app revolutionized the real estate experience, providing a one-stop digital solution for browsing, buying, maintaining, and managing various properties. The real estate sector is high-involvement, with customers expecting comprehensive information and a hassle-free transaction process.

Problem

Several challenges were identified, including:

  • Lack of Virtual Property Viewing: Clients had to properties physically, making the process cumbersome and slow.
  • Complex Transaction Processes: Transactions involved statutory requirements, payments, and coordination with agents and legal advisors.
  • Property Maintenance Issues: Scheduling maintenance often became an ordeal due to the number of service providers involved.
  • Coherent Management Deficiency: Clients needed a centralized system to track their investments, maintenance, and rental agreements.
The company aimed to provide an all-in-one platform that consolidates these activities into a single app, ensuring a seamless and end-to-end customer experience.

Solution

In collaboration with a technology partner, a multi-functional mobile application and web platform were designed to serve as an all-in-one real estate solution. The app was aimed at meeting customer needs throughout the lifecycle of a property—from browsing and purchasing to managing and maintaining.

  1. Property Surfing with 3D View: Users can view properties through embedded 3D technology, enabling virtual tours and allowing clients to envision spaces without physical visits. This accelerates the decision-making process.
  2. Online Purchasing and Payment: The app provides secure, straightforward online property purchases, allowing customers to initiate and complete transactions independently with integrated payment gateways.
  3. Fulfillment of Statutory Needs: The app simplifies digital submission and tracking of necessary paperwork and regulatory compliance, reducing complexity and time consumption.
  4. Property Management and Upkeep: Customers can book professionals for maintenance and upkeep through the app, centralizing property management activities.
  5. Rental Property Management: The app offers features for managing rental properties, overseeing lease agreements, and collecting rent payments, streamlining operations for property owners and tenants.
  6. Push Notifications for Discounts and Offers: The app sends personalized notifications about new listings and special offers, enhancing user engagement and interaction.

Implementation

The implementation involved developing user-friendly mobile and web applications, integrating secure payment gateways, and establishing an efficient property management system. Staff received training to ensure a smooth transition to the new platform, while extensive testing was conducted to optimize user experience. The app was designed to facilitate a seamless transaction process for users, from browsing properties to managing maintenance.


Result

The app had a significant positive impact on the real estate business and its customers, leading to:

  • Enhanced Customer Experience: A user-friendly platform enabled customers to manage everything from browsing to purchasing and maintaining properties seamlessly.
  • Faster Transaction Times: Virtual property browsing, e-filing of legal formalities, and online payment reduced transaction times compared to previous methods, facilitating increased sales and rentals.
  • More Efficient Management: Property owners benefited from simplified maintenance and repair management, leading to better care of properties and satisfied tenants.
  • Increased Engagement and Retention: Push notifications for new listings and offers kept users engaged, fostering customer retention and repeat business, ultimately extending market coverage.

Conclusion

The app transformed the experience for property owners and customers involved in purchasing, renting, and managing real estate. By addressing pain points in the property market, it provided a comprehensive platform capable of handling everything from property viewing to management. The app’s user-friendly transaction process and integrated management features set a new standard for real estate operations in the digital age, making it a game-changer in how properties are bought, rented, and maintained.

Saudi Arabia

Riyadh

Prince Mohammed Ibn Salman Ibn Abdulaziz Rd,
Riyadh 13315, Saudi Arabia

Brussels

Belgium

Veeboslaan 2 Sterrebeek 2933,
Brussels, Belgium

India

Hyderabad-HQ

13-6-434/B/45/2, Omnagar,
Hyderabad TS-India, 500008

NL

The Hague

Wilhelmina van Pruisenweg
35, 2595 AN, The Hague, Netherlands

US

New York

45 Main Street, Suite 1000,
Brooklyn, NY 11201, United States

India

Ujjain

Crystal Tower, Freeganj, Ujjain,
MP 456010, India

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