With a proper business model, you can redeem the real estate website investments or real estate app development costs along with other costs incurred towards development and continue earning profits in the long run. Ideally, this should be your aim while selecting the business model.
To simplify this aspect you can consider the business model followed by Zillow for monetization. So let us check out monetization channels
Premier Services
These services are designed for real estate agents. Zillow earns a lot through this stream by offering greater exposure and visibility to the real estate agents to get more clients.
Selling Promotions to Real Estate Management firms
Zillow earns profits by helping property management firms to promote their listings on the Zillow platform.
Sale of advertising space to mortgage lenders etc
Here Zillow sells the advertising space for businesses and mortgage lenders to attract more Zillow consumers.
3. Geo-location
Apart from other features to be incorporated in a website like Zillow, Geolocations is a prominent feature. Geo-location helps users
- Buy/rent property in a particular location
- Check out the price of real estate in a desired location/area
- Fetch direction to a particular location
- Search for more customers with geo-location
- Look for free agents to check out properties in your area
- Get detailed information for a particular area like nearby schools, crime rates, etc
4. Search For Skilled Real-Estate Website Developers
Apart from other aspects, one of the most integral factors is looking for skilled real-estate website developers to give wings to your real estate app/website idea. You can hire an expert real estate app development company equipped with experienced developers to meet your real-estate website requirements. You should hire developers who not only deliver a visually appealing website but also offer a fully functional website.