The Importance of Digital Inventory Management in Real Estate

Marketing   |   28 March 2022

The Importance of Digital Inventory Management in Real Estate

Design, implementation and management of real estate inventories is a long drawn process that can become quite difficult for both property owners and developers. When handled manually, the traditional ways of inventory management has proved to be time-consuming and exhausting for property developers. It is a situation that poses several challenges, one of them being maintaining up-to-date records of the state of all at once. Hence it becomes necessary to adopt a system that effectively handles all your inventory-related activities.

A good digital inventory management can solve this problem by offering better visibility in the data, which ultimately helps speed up completion times. Digital inventory management solutions have come as a boon for real estate developers as they help them to efficiently handle the enormous amount of hassles involved in this growing industry.

Digital Inventory Management For Real Estate

Digital inventory management tools help keep a 360-degree virtual view of the inventory, save on incurring costs, take complete control, and ultimately improve the bottom line of real estate businesses. Furthermore, integrating cloud-based functionality and automation with a digital inventory management system enhances the operations in organizing and sorting bulk inventory while keeping it in line with the matched buyer’s persona.

Here are some of the examples how a digital inventory solution can help in real estate:

  • Reduced costs:Determine several redundant costs you incur with the unsold inventory
  • Better categorisation with filters:Filter out the results and categorize properties for relevancy
  • Bring everyone on the same page:A common dashboard for teams to collaborate and stay up-to-date.
  • Easy Visual Representation:For salespersons to exactly know which property is available for sale

Real estate developers, builders, agents, and brokers can take advantage of the above benefits to easily organize, make changes, and take complete control over their inventory, resulting in better sales cycles and overall bottom line. 
 
While such digital inventory management tools will surely bring success to many businesses, it would be better to invest in an all-in-one CRM solution that can help you manage your inventories while also improving other important customer-relationship factors.  

Sell.Do is designed for the same and offers unique features that enhance your real estate businesses’ performance while managing your digital inventory effectively. Beyond inventory management, the software solutions offer Sales Automation, Marketing Automation, and much more in a single software solution package. 

Sell.Do for Effective Real Estate Inventory Management

Now that we have understood what digital inventory management can do, let’s see how Sell.Do, a complete, end-to-end real estate CRM software solution packed with a robust inventory management system can do wonders for your real estate business.

Full Inventory Access:

Providing a real-time view of the inventory, Sell.Do helps developers to keep transparency with the customers. The complete inventory access with the ability to book and block the units offers the customer a comprehensive, holistic experience. Not all that, customers here get to choose their property as per their liking, ranging from towers to units. All of this is available at the click of a button.

The transparency, real-time bookings, and the ability to choose the property collectively build trust between the developers and the customers.

Schedules Payments Easily:

Real estate customers come in different shapes and sizes. They carry different perspectives, have other aspirations, have diverse backgrounds and thus can’t follow a standard pricing structure. At the same time, understanding the payment schedule is one of the core parts of completing a purchase decision. Hence, developers and builders alike need a robust system in place that can help manage customers’ payment schedules efficiently.

Sell.Do does the same and helps all the involved stakeholders to get into different cost sheets & payments and manage, customize cost sheets, make agreement changes with complete support.

Negotiation & Offer Management:

Negotiations in real estate are another crucial aspect that takes time, are tricky, involves conflict, and possesses the power to make or break the deal. Hence, it is critical that both the real estate business and the customer need to be on the same page to enjoy the mutual benefit of the agreement.

 

Sell.Do comes as a helping hand to both the parties involved and eliminates the complexities that can arise during the process. With features like online negotiations and offer management, the solution brings in clear transparency and helps to improve the sales cycle while winning the hearts of the customers with utmost trust.

In-depth Inventory Analytics:

The key to the success of any business lies in its ability to understand the market and predict where the industry is heading next. In real estate, it means monitoring metrics such as sales and profit margins to improve the sales cycle and close more deals. The analytics involved help businesses grow when they know about the metrics associated with the prices of land, flats, and other things beforehand.

With Sell.Do, real estate businesses create forecasts based on the expected future sales and identify how to restock the inventory for the future.

Built by Real Estate Experts:

Sell.Do has been created by industry experts & veterans and is designed to help real estate businesses achieve their targets by having perfect sales and automation cycles. All these features, wide breadth of experience, and exceptional customer support make Sell.Do India’s best real estate CRM.

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