Real estate auctions have been around for a very long time. They are a great way to create great value of properties for both sellers and buyers. Given the technical advancements, online auctions of real estate is becoming the up and coming trend. It's being adopted widely by real estate agencies and even independent realtors on both a large and small scale.
A custom real estate auction portal is an incredible online solution for realtors that also helps them tap into a highly lucrative and low competition market. There are a number of intuitive features real estate software developers can include in an e-auction portal. However, given below are the top 5 features that every portal must have.
1. Distinctive Dashboards
In order to make the whole process a lot more smoother, each portal must have distinctive dashboards for buyers, investors, sellers and agents. This is primarily because each of them logs on to the application for a different purpose and hence requires different functionalities for themselves. Distinct dashboards will keep their motive clear, provide a more personalized content and functionalities to each and hence a better user experience overall.
2. Advanced Search with filters
A search function is crucial for any auction portal. However, in order to better navigate users to what their looking for, you will have to provide elaborate search filters to them. The search will also have to be typo tolerant, suggestive and quick in fetching results. the filters will allow them to further narrow down the results so that they can get to they bidding step in fewer clicks.
3. 360 degree Panorama View
The first step of selling something online is establishing trust and this can only be done through images. Make sure sellers upload high quality images and also provide a 360 degree panoramic view for the buyers to view the property in detail. A panoramic view will allow them to experience the property on sale as if they were physically present there. This in turn will establish a higher magnitude of trust.
4. Amenities Marker
While buying a house, it is crucial for each buyer to have an idea about the amenities that will be available in their proximity. So when developing your portal, make sure to ask your real estate application developers to integrate the portal with a detailed GPS feature that marks the location of the property along with the amenities present nearby.
5. Document Manager
Once a bid is closed and an offer is accepted, to make keep everything legally secure, the portal should have a document manager. This feature will allow sellers to include their property and sale information in a contract template that will be available on the portal. The buyers can then close the deal by creating and stamping the paper with a verified e-signature. This will make everything smoother for the next step.
If you're looking to create an intuitive real estate auction portal with advanced features, feel free to get in touch with our expert real estate software developers.
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