Is your brokerage still using outdated, analogous, legacy processes?
If yes, it might be time to consider upgrading, modernizing and digitizing your key processes.
You see, brokerages that embrace digitization can anticipate average revenue gains of up to 26%. That’s a big margin that can make a difference in any real estate business.
In addition, digitization improves operational efficiency, cuts back on manual data entry, and promotes process improvement while empowering your agents.
If you plan on beginning the digitization journey, but don’t know which processes to digitalize first, you’re in the right place.
We’ve compiled a list of the top 4 processes you should be digitizing within your real estate business.
Process #1 Agent hiring
Do you have real estate recruiting targets but are currently limited in terms of budget? Don’t have the time to manually create job ads to post?
Well, good news.
Do you know that there is dedicated agent recruitment software that you can take advantage of to improve the real estate hiring process?
Example software includes Brokerkit, IXACT RecruiterTM, OnTask Recruiter, and ThirdPool Recruiting.
The hiring process is undoubtedly one of the most time-consuming processes. By digitizing it and relying on industry-specific resources you can scale without going through recruiting agencies or using crowdsourcing platforms.
Process #2 Property listings
Creating property listings to be posted in the Multiple Listing Service is no small feat. It’s a laborious task as the listing agent has to write detailed ads for the property being advertised.
What if we told you there was a way to digitize this entire process? You can use automated marketing resources such as Point2Agent and Z57 Solutions PropertyPulse.
In addition, you can also boost your listings with high-quality pictures shot and edited using apps such as iMovie.
Process #3 Closing procedures
How are you currently signing contracts and other documents? Are you still signing manually and in person?
Embrace technologies such as DocuSign and say goodbye to legacy contract management processes. In a COVID-world, take advantage of these convenient solutions.
When it comes to real estate transaction management solutions, DotLoop is one of the leading software on the market. It allows you to edit forms, eSign, and monitor compliance all on a single platform.
Process #4 Lead generation
In our digital-centric world, lead generation is such a pivotal aspect for any brokerage. Finding and qualifying leads can be exceedingly difficult if you opt to do things manually.
Fortunately, you don’t have to.
Using lead generation software the likes of BoomTown, FollowUpBoss, FreshWorks, and BoldLeads you can capture and qualify leads faster.
Keen to discuss digitizing with a consultant?
Real Estate Back Ops (REBO) is one of the country’s most reliable brokerage service providers. We assist with commission structure design, transaction management, valuations, growth through M&As, and ancillary revenue plans. Contact us for more information.