How to Make Money with a Real Estate Platform?
Developing your real estate mobile app is one of the most rewarding ways to gain an edge over your competitors. Consider this: 44% of home buyers start their buying journey by looking for a property online. Among them, 76% of buyers found their homes using a mobile application. Mobile apps are faster and better alternatives to web browsing. Moreover, native mobile apps can take full advantage of device-specific capabilities, such as cameras, GPS, click-to-call, text messaging, and push notifications.
There are four proven ways to make money in a real estate app:
Commissions Your business can charge commissions such as brokerage fees for successful closings for a property posted on your real estate application.
Premium memberships It is a good idea to offer additional paid premium features tailored to the needs of particular users. For example, real estate agents may enjoy access to detailed demographic and customer behavior reports, comparative market analysis tools, or e-signature options.
Featured listings & realtor profiles You can offer your real estate agent customers to feature them in your app for a fee. For instance, you can show the agents’ profiles to users browsing specific neighborhoods and let shoppers contact them in one click. This way, real estate agents will get more opportunities to promote themselves to relevant clients. Alternatively, let home sellers put featured listings for a property that receives a preferred placement in the app’s search results.
Selling ads to third-party businesses Ads are the most popular way of making money from any app, and real estate mobile apps are no exception. Your real estate app can offer advertising space to mortgage lenders, interior designers, home furniture companies, and other relevant parties willing to reach out to clients by using your platform.
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You may also check the real estate section because the are a lot of valuable information if you want to start your own real estate business and make money on it.
Remember that it’s a new and developing domain, so don’t miss the chance.
