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February 9, 2023

The rapid growth of technological advancements has made experts across all industries realize how important it is to invest in the right tools at the right time to promote growth. CRM has proven beneficial for all industries to help them survive and excel in their respective fields.Similar to the other industries, the real estate industry, one of the largest asset classes in our country, also felt the importance of technology and the upcoming new trend in the market. They saw a drastic demand from real estate clients’ for virtual home tours with digital transactions. This kind of consumer behavior influenced the real estate segment to go digital.One of the many changes the real estate segment brought into the business is that of CRM. In this article, we’ll define what CRM is and why it’s so important to have it in your tool belt. You will learn everything about real estate CRM features and the types of CRM available in the market. After that, you can make an informed decision about whether you need to invest in it or need not.

What Is Real Estate CRM?

CRM stands for Customer Relationship Management. It’s a software tool used to manage the whole real estate business. This software can streamline your real estate transactions by managing, attracting, and retaining your customers. This software can help you respond to your buyers’ needs instantly, giving you a competitive edge. 

Importance of Real Estate CRM

If we talk about its importance, you can see many unorganized real estate businesses. Organizing the real estate business so that your real estate business can work on the track is the main motive of this software. 

1.Automation:

Conversation personalization improvements can happen automatically as this software provides unique content and records customers’ behavior. For example: If you have this CRM, it will give notifications automatically for any pending activities in a deal to do the correct actions against it. 

2.Centralized Storage:

It stores all the potential clients’ details on the cloud using a centralized storage facility. This way, you can encounter potential clients and contact them when they are closer to their anticipated purchase date. This centralized storage space stores information on customer data, seller data, purchase history, business leads, etc.  

3.Analytics:

This software can help you in analysis too. For example: With the help of this software, you can track different campaign types to analyze them. It will help you decide which campaign type will best fit the client’s purpose. 

4.Process Management:

Missing a deadline or a transaction can be a massive loss to your reputation. Managing your current contracts or deals can be smooth using Real Estate CRM software. This software offers ways to manage leads, track campaigns, upload relevant contracts or documents, plan events, and trend-setting in real estate markets. 

Types of Real Estate CRM

There are three types of real estate CRM available on the market. These are desktop-based real estate CRM, mobile-based real estate CRM, and cloud-based real estate CRM. Let us discuss these in detail:

1.Desktop:

To use desktop real estate CRM, you need host access in a host computer. 

2.Cloud-based:

You can access this cloud-based real estate software through remotely located servers by using the internet. You just need a good internet connection and login credentials to access this cloud-based real estate CRM tool.     

3.Mobile:

This real estate CRM is designed for Web Apps and Android to automate your sales operations. It will also empower your sales teams.

Features of CRM software:

1.Sales Automation:

It is difficult to handle multiple projects manually at the same time, but with the help of this real estate CRM software, you will no longer face this problem. Deals can be closed much more efficiently with the help of this software. All this will build your credibility among customers. It includes sales as well as report generation.  

2.Lead Management:

No valuable leads will slip after using this software. This real estate lead management software CRM tool will easily capture all the popular leads from the best listing platforms, especially the cloud-based CRM. It manages the leads by categorizing customers based on statuses like current customers or past customers, on nature like warm or cold business leads, on behavior like satisfied customers or unsatisfied customers, etc. 

3.Team Collaboration:

Team collaborations with real estate CRM software lead to prompt settlement of transactions.Inventory Management Inventory management will no longer be a problem using the right CRM software. For example, just one click needs to share the collateral with your teams. There is no need to keep and manage multiple sheets or files. Real estate involves lots of paperwork. With the digital documentation feature, you can store every data and document on the cloud. With the help of CRM software, inventory management is very convenient. It will help you gain overall visibility about existing and upcoming inventories. 

4.Online E-Commerce, Payments & Collaboration:

Using CRM, you can execute mail sequences to send to potential clients. Another feature is a virtual phone system that can help with this E-commerce- CRM can enhance customer online transaction experience in the real estate market. 

 5.Reports & Dashboards:

The CRM software helps you access custom reports, which will help you evaluate your team’s performance. 

6.Integrations:

One of the real estate CRM software features is process integration. Processes such as data organization, generating quality leads, managing the leads, informed follow-ups, and generation and analysis of final reports can be done through this software. CRM software allows integration with other key functions like service desk, market automation tools, scheduling calendars, call and email marketing, etc. 

Conclusion

This high-level system named CRM needs a very small amount of investment. If you want to excel in your real estate business, it is highly recommendary to all sole estate agents or team leaders invest in this real estate lead management software.If you are looking forward to investing in top-notch CRM solutions for your business growth, make sure you get in touch with the experts at Sell.do, one of the top CRM solution providers in India of this era.

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