SOFTWARE DISCOVERY PHASE FOR A REAL ESTATE BIDDING PLATFORM

About the project:

A comprehensive and innovative solution to the current challenges in the bidding process and closing deals for selling properties, such as time-consuming manual workflows and limited visibility of available properties. The app will bridge a critical gap between property owners, real estate agents and buyers and align with broader trends in real estate.

Customer:

The client is a U.S.-based holding company helping businesses from diverse industries pursue efficient and sustainable development. Real estate is one of the client's primary directions, as the company offers consulting services and support to both real estate agents and property buyers.

Business challenge:

The market for bidding on real estate properties lacks tools capable of managing all the primary processes in one place. The primary challenges that the app aimed to solve were:

1. Workflow inefficiency, as various processes, such as automatic verification of funds, non-transparent fees, and cross-platform payments lacked synchronization

2. Time-consuming and fully manual tasks, such as paying fees, generating documents, signing paperwork, and listing properties

3. Lack of visibility into available unlisted properties in both commercial and residential area sectors.

Value delivered:

- Identified market opportunity and niche for a real estate bidding platform that would provide unique user value

- Accurate estimates providing the customer with a vision of project cost, timelines, team composition, and the ways of implementing both business and end-user requirements

- Safety from unpredictable challenges and budget overruns, achieved with thorough planning and clear product vision

- A vision of project architecture, tech stack, and UI/UX design, furnishing a roadmap for seamless project implementation