6 Real Estate Platforms Everyone Should Keep an Eye Out For
Cutting-edge technology has shaped the development of almost all industries, including real estate. Keep yourself abreast with the latest and the best real estate tech platforms here.
The past few years have seen rapid adoption of technology in real estate. From artificial intelligence (AI) to digitisation, all the way to Smart Building technologies, a barrage of property trends have lent themselves to the emergence of a multitude of tools. Particularly those that enhance the experience for property investors, agents, and end-clients.
And with major real estate players and third-party disruptors alike developing one proprietary tech tool after the other, the adoption of tech in property is bound to accelerate even further in the coming years.
As a property developer, you must not let yourself fall behind in adopting these trends and utilising these tools in your own practice. Otherwise, you might end up missing out on a lot of opportunities. Not to mention play catch up to other developers who are already gaining mastery of such platforms.
In this article, we’ll keep you up to date by giving you an overview of platforms that every property developer and investor must keep a good eye on. Three of these platforms are established, while the other three are on the rise.
3 Established Real Estate Platforms
There are three major property platforms that have taken the industry by storm since their introduction to the general public. Each of them offers trusted services for their users, so it’s definitely worth checking them out:
Platform #1. Zillow
This is one of the biggest and most widely used listing and brokerage websites today.
A huge bulk of real estate companies list their assets on Zillow. As such, the website attracts about 2.2 billion site visitors annually. The majority of those visitors are interested buyers, agents, and even developers/sellers looking for price comparisons before getting their assets listed.
Zillow provides great value for these people with features like ‘Zillow Offers,’ which lets buyers make quick cash offers on certain properties.
Platform #2. Redfin
This platform works almost exactly like Zillow, except for its partnership with licensed real estate agents who agreed to work on lower-than-average commissions. So, when sellers use Redfin for their listings, they get to save thousands of dollars in commissions.
Also, Redfin is a lot more tech-forward than Zillow. It’s because Redfin pulls listings from several MLS and databases, and then uses algorithms to update their data every five minutes. This ensures that their users get the latest data when comparing prices for properties in a certain area.
Platform #3. Archistar
This established platform is like a haven for property developers. While Zillow and Redfin are classic brokerage sites, Archistar is more of a one-stop shop for real estate professionals like architects and designers. It’s also useful for home builders, property developers, and even government and town planners.
Some of its most in-demand services include:
- Access to planning data from at least 25,000 different sources
- Lightning-fast site assessment for development potential, feasibility, and due diligence
- Use of AI for simplified design generation and analysis, including profit potential
3 Rising Real Estate Platforms
Apart from the three established real estate tech platforms listed above, there are also several up-and-coming platforms that are worth checking out. These platforms include the following:
Platform #1. Roofstock
Think Zillow, but only for single-property rentals. Roofstock is the go-to platform for active property investors looking for recurring rental income from such properties.
Let’s say you choose to buy an asset listed in Roofstock. The company will not only offer flexible financing options (including cash), but it will also match you with a vetted property manager to help you manage your new rental asset.
Platform #2. Fundrise
For property investors who prefer a more passive investment set-up, Fundrise is the better option. It’s a fundraising platform that lets you invest in commercial real estate all over the U.S.
There are two primary investment vehicles you could access through Fundrise: eREITs and eFunds. And you only need $10 to begin investing.
Platform #3. Cadre
The platform’s claim to fame is its highly-curated set of commercial real estate listings. This gives individual investors access to the same institutional-grade assets that multi-billion dollar endowments and investment funds typically invest in. Cadre thus levels the playing field to a certain degree for players on different levels of the chain.
Level Up Your Property Game With Archistar
For property agents, sellers, and buyers, Zillow and Redfin provide tried-and-tested brokerage services. And for investors—may they be active or passive investors—any of the three up-and-coming real estate platforms above could provide great help in identifying, financing, and acquiring the right investments.
But when it comes to architects, property developers, and town planners, Archistar is quite unparalleled with its use of cutting-edge technology to create a one-stop shop. This means it provides everything a real estate professional needs to take their business to the next level.
At the end of the day, your choice of platform is up to you. Just make sure you keep yourself updated with any new tech tools and platforms that you could use to level up your property game.
Now, if you’re interested in trying out Archistar’s features for yourself, try it out for free today through this link.
