Real Estate App Development – TechGropse https://www.techgropse.com/blog Let’s Give Wings To Your App! Wed, 21 Feb 2024 12:56:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.4.3 https://www.techgropse.com/blog/wp-content/uploads/2018/09/new_image.png Real Estate App Development – TechGropse https://www.techgropse.com/blog 32 32 Real Estate App Development Cost in India https://www.techgropse.com/blog/real-estate-app-development-cost-in-india/ Wed, 21 Feb 2024 12:56:07 +0000 https://www.techgropse.com/blog/?p=10468 Have you ever wondered how much real estate app development cost in India? It’s a big question that arises when…

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Have you ever wondered how much real estate app development cost in India? It’s a big question that arises when someone wants to create an app for buying or renting property.

Real estate apps are popular right now because they make it easy for sellers to list their properties and for buyers to find their dream homes. 

Whether you’re a real estate agent, a property developer, or just someone looking for a new place to live or invest in, these apps are a game-changers.

Well, a mobile app development cost might vary depending on features, complexity, platform (iOS, Android, or both), and the location of the development team.

An entry-level real estate app typically costs around $10,000, while more cultured ones with additional features can cost up to $100,000 or more.

The real estate market is booming all over the world. Experts predict that it will keep growing at a rate of over 4.00% each year until 2028. It means that by 2028, the market will be worth almost US$143 trillion. It’s a really exciting time for the real estate industry!

Check out this blog to find out more about what features you need and how much it might cost to make your real estate app!

How Much Does Cost to Build Real Estate App in India

Real estate apps have become indispensable tools for both buyers and sellers, offering convenience, accessibility, and efficiency in property transactions. If you’re considering developing a real estate app, it’s essential to understand the estimated real estate app development cost in India.

App Features and Functionality $10,000 – $50,000
User Interface (UI) $5,000 – $20,000
Platform Compatibility $5,000 – $15,000 per platform
Backend Development $10,000 – $30,000
Third-Party Integrations $2,000 – $10,000 per integration
Security and Compliance $5,000 – $15,000
Maintenance and Support 15% – 20% of development cost/year
Geographical Considerations Varies based on location

Please note that these costs are estimates and can vary depending on the specific requirements, complexity, and customization needs of the project. It’s advisable to consult with a mobile app development company to get a more accurate cost estimation based on your project’s unique specifications.

Know  Real Estate App Development Cost

Here’s a breakdown of the estimated cost range for real estate app development in India based on different development models and complexity levels:

Development Model Simple App Medium App Advanced App
Fixed Price Project $10,000 – $30,000 $30,000 – $70,000 $70,000 – $150,000
Time and Material Model $20 – $40 per hour $40 – $60 per hour $60 – $100 per hour
Dedicated Team Model $2,000 – $4,000/month $4,000 – $7,000/month $7,000 – $12,000/month

Final Thought 

The cost of developing a real estate app in India depends on various factors, including features, UI/UX design, platform compatibility, backend development, and more.

By carefully considering these factors you should hire dedicated developers who create a high-quality real estate app that meets the needs of users and adds value to your business.

FAQ: Real Estate App Development Cost in India

1. What factors influence the cost of real estate app development in India?

Several factors can influence the cost of real estate app development in India, including the complexity of features, UI/UX design requirements, platform compatibility, backend development, integration with third-party services, security measures, maintenance needs, and the geographical location of the development team.

2. Which development model is best for real estate app development in India?

The choice of development model depends on the specific requirements and preferences of the project. Fixed-price projects offer predictability in costs, while time and material models provide flexibility for evolving project needs. Dedicated team models are suitable for long-term projects requiring continuous development and support.

3. How can I get a more accurate cost estimate for my real estate app development project in India?

To obtain a more accurate cost estimate, it’s essential to discuss your project requirements in detail with an experienced on demand app development company. They can evaluate your specific needs, provide insights into the development process, and offer a tailored cost estimation based on your project’s complexity and scope.

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Trulia App Development: Cost and Features https://www.techgropse.com/blog/trulia-app-development/ Thu, 08 Jun 2023 12:59:49 +0000 https://www.techgropse.com/blog/?p=7467 Selling and buying property was a daunting task in the past. But now, it is easier to buy and sell…

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Selling and buying property was a daunting task in the past. But now, it is easier to buy and sell property through the help of a real estate app. Moreover, in the past, you had to hire a real estate agency or agent to inspect the property that was up for rent or sale and arrange for potential buyers to see the available properties. As a result, real estate industries build an app like Trulia.

With the help of an app, buying and selling properties easily is possible. As a result, the demand for apps like Trulia has become more popular. Through the help of a real estate app, everything is possible. No doubt that half of the purchases begin their search for a home online. We all know that no one has time to visit different places to buy a house.

If you want to build a real estate app, you are at the right place. Today in this blog post, we will share the cost of building an app and the features you should include in your app. Moreover, we will share other important information you should know about to build your own app.

Technology Stack Required for Property App

Technology Stack Required for Property App

Undoubtedly, the technology stack plays an important role in building a real estate application. In order to implement the ideas into reality, it is necessary to choose the right technology. With the right technology, making a robust and fast application is easier.

Therefore, when building a real estate app, choose a tech accordingly. This will help you in building a functional and robust solution. Below we mentioned technologies that an on-demand app development company uses to build a real estate app.

 

Platform Technology/Tools
Android App Development Java, SQLite, Java, JDK, Kotlin
iOS App Development Mac OS, Swift, Objective C, iPhone SDK
App Designing Canvas flips and adobe photoshop
Database Spatial Neighborhood APIs,MapBoxGoogle Maps APIs, SimplyRets, Spark APIs,  iHomeFinder, Google Places API
Database CoreData or Realm frameworks, The Onboard Informatics Community
Backend  Development MySQL, PHP
SDK files  Facebook SDK, Firebase SDK
Video Calling API Twilio

 

Key Features to Keep in Mind While Building an App Like Trulia

No doubt that features are essential to ensure the success of a project. Therefore you have to choose features accordingly. This section will share some essential features a real estate app should have. So without wasting your time, look at the following features:

1. User Login & Sign Up

This is an essential feature a real estate app should have. With the help of this feature, it will be easier to navigate your application. In order to make the signup and login process easy, you can provide more options. Recently, people have been able to log in using their email id, social media account, or number.

To make the procedure easier, you can authenticate the user’s identity using two-factor authentication, sending an SMS code to the user’s smartphone. In order to include this feature in your application, you can seek the help of dedicated developers who are well-versed in building functional and easy-to-use applications.

2. Search & Filters

This is another essential feature a real estate app must have. It helps users to filter residences based on location, price, and room numbers. In simple terms, buyers have access to a new degree of versatility because of Truila’s more than 30 search criteria.

Therefore, it is necessary to include this feature in your application. To make the app development procedure more efficient and convenient, you can contact a real estate app development company that will provide you ultimate solutions per your requirements.

3. Property Details

Detailed property information includes video, description, photo, landmarks, price, nearby areas, owner details, and more. If you offer detailed information about each property, users get all the required information and can make wise decisions. A real estate application should be extremely specific about every aspect, from price per square foot to location and point of contact.

So make sure that the application has a property details feature. With this feature’s help, buyers can get all the information about a property. Therefore, remember to include this feature in your application. For this task, you can also seek the help of mobile app developers because they are well-experienced and knowledgeable.

4. Photos & Street View

Another important feature you must include in your application is photos & street view. It will help the users to see the inside of the property. This is why you have to include this feature in your app. You can also include an immersive 360-degree virtual tour and videos shot inside a particular building as part of an upgraded feature set.

But you know that integrating a VR feature requires substantial work and specific expertise to implement successfully. When you decide to invest in Trulia app development, you have to include this feature.

 

CTA

5. Cost Calculator

This is another important feature a real estate app should have. Users can use this feature to determine the interest rates for a mortgage loan. So when deciding to build a real estate app like Trulia, ensure the application is equipped with this amazing feature.

In order to make the development procedure more efficient, you have to contact professionals with years of experience in the mobile application development field. With in-depth knowledge and good years of experience, they will provide the best solutions.

6. In-App Chat & Messages

Sometimes users may face issues and look for instant solutions. This is why it is necessary to include in-app chat & message features. It lets users complete a transaction by contacting a real estate agent. Therefore, it is necessary to include this functionality in your app.

In order to complete the job on time, you can contact a reliable mobile app development agency that will never disappoint you at any cost.

7. Push Notifications

You have to include a push notification feature in the application. Through the help of this feature, it is easier to inform the users about new offers and the property’s availability. Therefore, remember to include this feature in your application when investing in Trulia app development.

Types of Real Estate Apps

All real estate agencies have undoubtedly invested their time and money in getting the best-suited application for them. Therefore, it is essential for them to show their presence in the application world as it allows people to stay connected from any corner of the world.

We all know that the rising demand for properties has paved the way for investing in real estate app development. It means companies of all sizes, new and old, have gotten their applications made. Below we mentioned the types of apps, so take a look at the following types of real estate apps:

1. Property Buy Sell Rent Mobile App

This type of real estate mobile application is like an online marketplace, which lets sellers and buyers register on it. Real estate owners selling their properties can put their houses on sale, including pictures of their properties and the details of its price.

Meanwhile, the buyers can search for properties from a list in the application. Moreover, they can access the essential information and the location of all properties up for sale and listed in the app. In order to build such a type of app, you can seek the help of a mobile app development company that will help you in every possible way.

2. Real Estate Company App

This is another type of application that is specifically for the agents of real estate. Through the help of this app, they can put up their properties on sale segregated under different parameters. If you decide to build your own app, you can build this type of application and can earn good revenue and profit.

3. Indoor Navigation Real Estate Mobile App

These kinds of applications use mobile-integrated sensors and features to take the users for a virtual tour inside the house through their mobile application. With the help of this app, people are gravitating towards such applications as they can get a better experience from the comfort of their homes. However, you must invest a lot to build such kinds of applications.

4. Smart Home Mobile Applications

This is another type of real estate app. Through the help of such an application, users can control everything in their house with the help of their mobile devices. These applications allow them to manage anything at their houses with their smartphone.

5. AR VR Real Estate Mobile App

This type of application allows the realtors to provide a 3D tour to their viewers, helping them save time by giving them real tours of the properties on sale. The best thing about AR and VR technology is that it has gained a lot of prominence over the years.

In order to make this kind of application, you can contact a team of professionals with good years of experience and knowledge in the Trulia app development field.

6. Buy Virtual Land in Metaverse

Buying a property is a good investment option since it ensures a high rate of return. So, many people are purchasing properties. Now it is time to purchase land in the Metaverse, just like buying land on Earth is advantageous. Therefore, the demand for such types of applications has become high.

Advantages of Building a Mobile App for Real Estate Business

No doubt that applications make life more convenient and easier. But you know that there are several advantages to building mobile apps for real estate businesses. Below is a  list of building a real estate application:

1. Widen Your Consumer Base

If you want to increase the customer base, a real estate app will be the right way. It will allow your customers to view plans, properties, prices, videos, and many more. Making use of this, users are able to browse through thousands of homes without moving an inch.

A mobile application can fix many issues for sellers, in which the first one is reaching potential buyers irrespective of their location.

2. View Property Remotely

In today’s time, buying a home requires a lot of physical investment, such as visiting numerous properties and more. With a real estate application, an agent can show their clients photos, videos, guided tours, and many more.

On the other hand, users can only see the property they are interested in. It will save time and help them visit a property, add value to the decision-making procedure, and increase sales. So it is a good idea to invest in Trulia’s app development.

3. Get in Touch with Customers Directly

Another great advantage of building a real estate app is that owners can increase customer interaction. Therefore, building a real estate app is essential. If you include the communication panel with your application, you can contact the customers instantly.

It not only increases trust but also increases reliability in your customers. Therefore, you have to invest in Trulia app development.

4. Accurate Customer Targeting

Once a customer registers on your app, you will get their personal information, such as preferences, geographical location, budget, etc. This information can assist you in making a wise division and suggesting property to customers within their budget.

5. Move Ahead of Your Competition

Lastly, another advantage of building a real estate app is to move ahead of your competitors. This app will promote your brand through word-of-mouth and digital marketing practices. Therefore, you must build an app with rich features and modern technology.

Cost to Build a Real Estate App Like Trulia

Trulia app development cost depends on a number of criteria. A few factors are complexity, the development team’s size, the development firm’s location, and many more. Depending on the area, developers take charges for real estate app development.

A normal app development cost can be between $10,000-$15,000. Once there is high complexity, the price can increase. Below we mentioned a table of the cost to build a real estate app based on different locations.

 

City Real Estate App Development Hourly Cost
Africa $30-$100 Per Hour
Europe $25-$80 Per Hour
Australia $30-$90 Per Hour
USA $20-$80 Per Hour
America $30-$110 Per Hour
India $25-$40 Per Hour

 

This table will help me understand how much it costs to build an app like Trulia. In order to know the actual cost, you must contact a reputable mobile app development company.

Conclusion

Over the years mobile applications have gained more popularity as the demand for real estate applications is high. But building an app is a challenging task. If you want to build a functional app, it is necessary to have knowledge of the cost and features a real estate app must have. In order to get detailed information, you can read the above-listed points.

FAQs

1. How much does it cost to develop a real estate app’s MVP?

The cost of developing a real estate app’s Minimum Viable Product (MVP) can vary based on several factors, including the app’s complexity, the features and functionality required, the development team’s rates, and the geographical location of the development team.

2. What are the Advantages of Real Estate App?

Real estate apps provide a convenient way for users to access real estate listings and related information anytime, anywhere. Users can browse properties, view images, check prices, and gather important property details from the comfort of their smartphone or tablet.

Real estate apps typically contain large databases of real estate listings, including residential, commercial, and rental properties. This extensive inventory allows users to explore various options and filter properties based on preferences such as B. Location, price, size, facilities, etc.

3. How Much Time Does It Take to Build a Real Estate App?

The time it takes to create a real estate app depends on several factors, including the complexity of the app, the features and development approach required, the size of the development team, and the level of app expertise and experience. Developer.

4. Do You Provide Maintenance and Support Services?

Yes! We provide maintenance and support services to customers free of cost while you take app development services from us. After that, you have to pay some amount that is less compared to our competitors.

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Steps to Build an App Like NoBroker? https://www.techgropse.com/blog/build-an-app-like-nobroker/ Wed, 17 May 2023 13:21:36 +0000 https://www.techgropse.com/blog/?p=7183 Do you want to rent, buy or sell your property through a new technology without the involvement of brokers, but…

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Do you want to rent, buy or sell your property through a new technology without the involvement of brokers, but you are confused about where to start? Don’t worry at all! We are a NoBroker app development company that helps you to build an app like NoBroker.

A real estate app like NoBroker is a platform designed to simplify and streamline the process of buying, selling, or renting properties.

NoBroker is a famous real estate app in India that helps connects property owners directly with potential buyers or renters. It is a way to eliminate the requirements for intermediaries such as brokers or agents.

It empowers users to see their ideal properties or suitable residents without the requirement for intermediaries and offers a range of additional features and services to simplify the entire process.

In this post, we will discuss the steps to like to build NoBroker app and the key considerations that you need to keep in mind to make your app a success. From understanding the key features of NoBroker to securing funding and implementing a monetization strategy.

What is NoBroker?

NoBroker is a well-known real estate platform based in India that has transformed the way people buy, sell, and rent properties. The platform is known for its unique concept of “No Brokerage,” which means that users do not have to pay any brokerage fees.

NoBroker was launched in India in 2013 by Amit Kumar Agarwal, Akhil Gupta, and Saurabh Garg. They are the co-founders of the NoBroker platform, which revolutionized the real estate industry by delivering a direct owner-to-consumer model, stopping the need for brokers and agents.

The mobile app development company may offer value-added services like online rent payment options, legal assistance, virtual property tours, property verification, and documentation support.

These services improve the overall user experience and streamline the transaction process. This not only saves time but also reduces costs associated with brokerage fees. In this platform,  user reviews and ratings are available for both properties and owners. This helps users make informed decisions and build trust in the platform.

Why is an App Like NoBroker Popular Among Users?

Why is an App Like NoBroker Popular Among Users?

Yes, you may be think why all these types of apps are so popular in this modern world. Well, let us tell you about all the essential details of real estate apps like NoBroker.

NoBroker has disrupted the traditional real estate market in India, authorizing users to find properties or tenants without the need for intermediaries.

Its extensive property listings, user-friendly platform, and value-added services have positioned NoBroker as a leader in the Indian real estate tech space.

Before to build an app like NoBroker you must consider the reason behind its popularity. Here’s an overview of NoBroker, including interesting facts and statistics:

  1. Direct Owner-to-Consumer Model: NoBroker facilitates direct interactions between property owners and potential buyers or tenants, eliminating brokerage fees and saving both parties money. The platform delivers a transparent and hassle-free experience.
  1. Extensive Property Listings: NoBroker has an extensive database of property listings across major cities in India. Users can search for properties based on budget, location, and preferences, with photos, detailed information, and floor plans available for every listing.
  1. Growing User Base: NoBroker app has experienced remarkable growth since its inception. As of 2021, the platform claimed to have served over 10 million users, with a notable number of successful property transactions completed.
  1. Tenant Verification Services: It offers tenant verification services, such as background checks and document verification, ensuring a safer and more trustworthy renting experience for property owners.
  1. Market Insights and Trends: NoBroker delivers valuable market insights and trends through its data analytics. This fact helps users make informed decisions about property investments and rental rates.
  1. Additional Services: NoBroker has expanded its offerings beyond property listings, introducing services such as packers and movers, home loans, and property management, delivering a complete real estate ecosystem.
  1. Funding and Recognition: NoBroker has acquired significant funding from prominent investors and venture capital firms. The platform has been recognized with different awards, acknowledging its creative approach and positive impact on the real estate industry.

What is the Process to Build an App Like NoBroker?

Are you tired of the same old boring technique to build an app like NoBroker? Well, have no fear!

If you want to build an app like NoBroker, you must hire dedicated developers, a skilled development team like designers, front-end and back-end developers, testers, and project managers.

It is essential to follow a systematic and iterative approach to ensure the app meets user expectations and delivers a fantastic real estate experience.

Here’s a detailed process to guide you:

1. Conceptualization and Planning

  • Define the goals and objectives of the app.
  • Conduct market research to understand user needs and competition.
  • Identify the key features and functionalities to include in the app.
  • Create a comprehensive plan, such as timelines and resource allocation.

2. Design and User Experience

  • Develop a user-friendly interface that is visually appealing and intuitive.
  • Design wireframes and prototypes to visualize the app’s layout and flow.
  • Focus on providing a smooth user experience throughout the app.

3. Back-End Development:

  • Set up a scalable and secure server infrastructure.
  • Develop a robust database to store user and property details.
  • Implement APIs and integrations for data exchange with third-party services, like payment gateways and location services.

4. Front-End Development

  • Develop the user interface and implement the app’s design.
  • Ensure cross-platform compatibility, considering both iOS and Android platforms.
  • Optimize the app’s performance and responsiveness.

5. Features and Functionality

  • Implement essential features such as property search, listing creation, and user profiles.
  • Incorporate advanced features like search filters, messaging systems, and notifications.
  • Integrate additional services, including document management, tenant verification, and payment processing.

6. Testing and Quality Assurance

  • Conduct multiple testing to identify and fix bugs.
  • Ensure the app functions smoothly across various devices and screen sizes.
  • Test the app’s security measures and data protection protocols.

7. Deployment and Launch

  • Submit the app to the respective app stores (Apple App Store, Google Play Store).
  • Prepare app store assets, such as app descriptions, screenshots, and icons.
  • Follow the app store guidelines and policies for successful submission.

8. Support and Maintenance

  • Continuously observe the app’s performance and user feedback.
  • Address user concerns and make necessary updates and progress.
  • Regularly update the app with new features and security enhancements.

Implementing a Monetization Strategy to Build an App Like NoBroker

 

Implementing a Monetization Strategy to Build an App Like NoBroker

 

Really are you thinking about whether Is NoBroker profitable? Well, many on-demand app development company implement a monetization strategy to build an app like NoBroker that involves developing revenue while delivering value to users.

Consider some effective monetization strategies:

  1. Listing Fees: Charge property owners a fee to list their properties on the platform. Offer various listing packages with amazing features and visibility options.
  1. Subscription Model: Include subscription plans for premium features and enhanced services. Offer benefits such as priority listing, advanced search filters, or additional analytics for subscribers.
  1. Featured Listings: Allow property owners to pay for featured listings that obtain higher visibility and prominence in search results. Highlight their properties to attract more potential buyers or renters.
  1. Lead Generation: Provide paid lead generation services to property agents or brokers. Connect them with interested buyers or renters, making revenue for each successful lead generated.
  1. Advertisement: Include targeted advertisements from real estate developers, related industries, or home improvement companies. Show relevant ads within the app, ensuring they don’t interfere with the user experience.
  1. Transaction-based Commission: Earn a commission from successful property transactions encouraged through the app. Charge a percentage fee based on the property’s sale or rental value.
  1. Value-added Services: Offer additional services like property verification, interior designing consultations, legal assistance, or home loan partnerships. Collaborate with service providers and earn a commission for each successful referral or partnership.
  1. Analytics and Data Insights: Offer premium analytics and market insights to real estate developers, agents, or property investors. Propose clear reports on property demand, market trends, and user behavior for a subscription fee.
  1. Partnerships and Affiliates: Collaborate with relevant businesses and select affiliate partnerships. Earn a commission for each user referred to partner services like home insurance, packers, movers, or property management companies.
  1. Freemium Model: Offer a basic version of the app for free and provide premium features and services through in-app purchases or subscriptions. This allows users to experience the app’s core functionalities while attracting them to upgrade for advanced features.

It is essential to balance revenue generation with maintaining a positive user experience. You must test and refine your monetization strategy based on user feedback and market dynamics to confirm it aligns with the requirements and preferences of your target audience.

Essential Key Features of an App Like NoBroker

 

Essential Key Features of an App Like NoBroker

 

Is an app like NoBroker change your life? Absolutely! It is a life-changing way than discovering a new addiction to a beautiful home and seeing your bank account shrink like a wool sweater in the dryer?

But all jokes apart, an app like NoBroker can truly be a transformative experience. You will have the opportunity to support innovative ideas and passionate owners who are working to make the world a better place.

A robust app like NoBroker should have the following must-have features to deliver a comprehensive and user-friendly real estate experience:

  • User Registration and Profiles: Allow users to create accounts and make profiles with relevant details like contact details, property preferences, and saved searches.
  • Property Listings: Enable property owners to list their properties with detailed information like property type, location, size, price, and high-quality images.
  • Advanced Search Filters: Implement powerful search filters to help users refine their property search based on parameters like location, budget, property type, amenities, and more.
  • Map Integration: Integrate maps to provide a visual representation of property locations, allowing users to explore properties in specific areas or neighborhoods.
  • Messaging and Communication: Allow direct communication between property owners and potential buyers/tenants via an in-app messaging system. This facilitates easy and convenient conversations for property visits, inquiries, and negotiations.
  • Saved Searches and Alerts: Allow users to save their search preferences and set up alerts for new property listings that match their standards. This ensures they stay updated with relevant properties.
  • User Reviews and Ratings: Implement a rating and review system for users to share their experiences with properties and property owners. This helps others make informed decisions and establishes trust within the community.
  • Property Verification and Authenticity: Offer mechanisms to verify property listings and ensure their authenticity. This may include document verification, property visits, or user feedback.
  • Favorites and Shortlisting: Enable users to save properties as favorites or create shortlists for easy reference and comparison.
  • Analytics and Market Insights: Provide users with valuable market insights, trends, and analytics on property prices, rental rates, demand-supply dynamics, and other relevant data. This helps users make informed decisions.
  • Push Notifications: Send push notifications to users regarding new property listings, saved search updates, messages from property owners, or other important app updates.
  • Secure Payments: Integrate secure payment gateways to facilitate online transactions for services like listing fees, subscription plans, or other monetization features.
  • Customer Support: Offer responsive customer support channels such as chat or email to address user queries, feedback, and concerns.

By including these essential features, an app like NoBroker can provide a comprehensive and user-friendly platform for property owners and seekers, simplifying the real estate process and improving the overall user experience.

What is the Cost to Build an App like NoBroker

Now, you might be surprised, “Is an app like NoBroker really cost-effective?” Well, let us ask you this – have you ever spent $20 on a cup of tea that tastes like dirt and guilt? We thought so.

NoBroker app development cost can differ depending on various factors, including the complexity of the features, the platforms like iOS, and Android you want to target, the development approach (native or hybrid), the development team’s location and expertise, and the development timeline.

However, it is important to note that estimating the precise cost without a detailed requirements analysis is challenging.

Basically, the development cost can be broken down into the following components:

  1. Planning and Design: It involves conducting market research, making wireframes, designing the user interface (UI), and developing the app’s overall architecture. The cost for this phase typically ranges from $5,000 to $15,000.
  1. Development: The actual coding and implementation of the app’s features and functionality. The cost will depend on the complexity of the app and the number of platforms targeted. Development costs can vary from $15,000 to $50,000 or more.
  1. Backend Development: Creating database management, server infrastructure, and integrating third-party APIs. The cost for backend development can be from $10,000 to $30,000, depending on the complexity of the backend systems.
  1. Testing and Quality Assurance: Thoroughly testing the app to identify and fix bugs, ensuring a smooth user experience. This phase can cost roughly 15-25% of the total development cost.
  1. Deployment and Maintenance: Preparing the app for launch on app stores, building app store assets, and ongoing maintenance and updates. Maintenance costs can vary depending on the scale and complexity of the app.

Considering these factors, the total cost to build an app like NoBroker can range from $30,000 to $100,000 or more, depending on the specifics of your project.

List of Top Apps Like NoBroker

Here is a list of top real estate apps similar to the NoBroker

 

App Name Description Features
Zillow It is a famous real estate marketplace for buying, selling, and renting properties. It offers property listings, market trends, and mortgage information. Zestimate®: Estimates property values using AI algorithms. Offer interesting “Make Me Move” feature for homeowners to indicate their price to sell. Offers 3D Home tours for virtual walkthroughs.
Magicbricks It is an Indian real estate platform offering property listings, locality insights, and property-related services such as home loans and property management. SmartSearch: AI-powered search that learns user preferences and recommends relevant properties. Provides locality ratings and insights. Offers “Smart Agent” to connect users with agents based on their needs.
99acres Another Indian real estate platform that allows users to search for properties, explore neighborhoods, and connect with property owners and agents. Map-based Search: It enables users to search for properties on an interactive map. Offers an Instant Connect feature for users to directly contact property owners. Provides a Rental Price Heatmap for comparing rental rates.
Apartments.com It is a well-known platform that focuses on rental apartments, offering a huge range of listings, virtual tours, and tools to simplify the rental process. 3D Floor Plans: Offers interactive 3D floor plans for a virtual walkthrough of apartments. Provides a Rent Calculator to determine affordability.

 

PropTiger An Indian real estate platform offering project details,  property listings, and personalized property recommendations. It also provides assistance with home loans and legal processes. Property Matchmaker: Uses AI to match users with their ideal properties. Offers a “Real Estate Forum” for users to seek advice and interact with experts.
Housing.com A real estate app in India providing neighborhood insights, property listings, and innovative features like virtual reality property tours. Slice View: Provides a 3D view of apartments to visualize the floor plan and space. Offers a “Rent-O-Meter” to determine fair rental prices in a specific area
CommonFloor An Indian real estate platform that offers community insights, property listings, and services related to buying, selling, and renting properties. Community and Events: Connects users with their community and offers features like event listings and discussion forums. Provides a “Real Estate Wiki” with articles on real estate-related topics.
NestAway A platform in India that focuses on rental properties, offering listings, virtual tours, and hassle-free renting experiences with fully furnished options. Furnished Homes: Focuses on fully furnished rental homes with amenities. Offers a “Home Services” feature for easy access to maintenance services.

 

Final Thought

Building an app like NoBroker takes time and effort, but with the proper and unique approach, it is possible to develop a successful app that serve the needs of users in the real estate industry.

By understanding the key features of NoBroker, conducting market research, choosing the right technology stack, collecting feedback, securing funding, implementing a monetization strategy, and ensuring user privacy and data security, you can enhance your chances of success.

With a clear roadmap in place, you can build an app like NoBroker that offers a superior user experience and meets the needs of users in the real estate industry.

FAQ: Steps to Build an App Like NoBroker

1. What is the alternative for NoBroker app?

As the demand for easy and hassle-free property searching solutions continues to rise, several alternatives to NoBroker app have emerged in the market serving to this need. Some of these include well established players such as Housing.com, MagicBricks, Commonfloor, and 99Acres.

2. Is NoBroker profitable?

Yes, NoBroker is the Indian online real estate platform that connects property owners and renters directly without the requirement for middlemen, has shown remarkable growth over the past few years.

3. How is NoBroker making money?

NoBroker is a famous online platform that helps consumers rent or buy homes without having to go through traditional real estate brokers. The company make revenue by charging fees for different services it provides like property listings, renters screening, and document verification.

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Know the Zillow App Business Model https://www.techgropse.com/blog/zillow-app-business-model/ Mon, 17 Apr 2023 13:19:57 +0000 https://www.techgropse.com/blog/?p=6731 When it comes to the real estate industry, Zillow is one of the first names that comes to mind. The…

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When it comes to the real estate industry, Zillow is one of the first names that comes to mind. The Zillow app, in particular, has become an amazing tool for home buyers, sellers, and renters. But have you ever wondered how the Zillow app business model works?

So let’s get started!

The Zillow app business model offers the best platform for real estate agents, buyers, and sellers. They also provide an online database of millions of homes across the world.

It also gives tools for buyers and sellers to connect with agents in an easy way. The app makes profit through outstanding advertising and by charging agents for access to their platform. Zillow also offers services like mortgage and rental searches, which create extra revenue.

By providing a convenient platform for real estate transactions, Zillow has become a famous app among homebuyers and sellers, and has helped to modernize the real estate industry.

We will explore everything you need to know about Zillow’s revenue streams, user acquisition strategies, and future growth plans. We will also take a closer look at the features and functionality of the Zillow app, as well as the company’s competition and market share.

Whether you are a real estate professional or just a curious consumer or build an app like zillow, this post will provide valuable insights into the inner workings of one of the most successful real estate businesses on the competitive market.

What is the Zillow App?

Real estate is a booming industry and the development of technology has revolutionized the way people buy and sell properties. The Zillow app is an ideal mobile and web-based platform for real estate and rental listings, which give all essential details about properties, neighborhoods, agents, and mortgage lenders.

The Zillow app has obtained widespread popularity as it streamlines the process of finding, buying, renting or selling a home, all while providing a smooth user-friendly experience for its users.

Many real estate app development focus on the Zillow app business model to give a complete solution in just one click.

  • For buyers: Basically Zillow used to sell houses themselves via their Zillow offers program, but they stopped in November 2021. Now, if you want to buy a house, you can buy it from the person who owns it, buy a house, or use an agent through the Zillow Premier Agent program.
  • For rentals: If you are looking for a place to rent, Zillow has lots of helpful tools to help you find one. You can look at rental listings, you can also apply for a place through Zillow to make the credit and background check process faster. They also have an affordability calculator to help you figure out how much you can afford, and you can even pay your rent online through the Zillow platform instead of using checks
  • For Seller: Zillow is a platform where people can sell their homes. They have a tool called Zestimates that helps sellers look out how much their home is worth. This way, they can make sure they get the most money possible.

If sellers want help selling their home, they can also work with an agent from Zillow. Zillow has a feature called Agent Finder that helps people find real estate agents, home improvement professionals, and other services they might need.

History of Zillow and the Zillow App

Zillow is a leading real estate marketplace that was launched in 2006. The platform provides users with access to a huge range of properties such as homes, apartments, and condos.

The Zillow app is available on both Android and iOS devices and has been downloaded more than 10 million times on the Google Play Store alone.

8 Feburary 2006 Zillow was lauched
1 Septmber 2007 Zillow raises 30 million dollar in series C
April 2011 Zillow started trading on the NASDAQ
19 August 2013 Zillow acquires StreetEasey for 50 million doller
16 July 2014 Zillow acquires Restly to help developers
17 Feburary 2015 Zillow acquires Trulia for 3.5 million doller
May 2018 About 36 million users per month in Zillow

 

How to Make Money from the Zillow App Business Model

How to Make Money from the Zillow App Business Model

Did you know that you can list your house up for sale or rent on Zillow for free? Yup, it won’t cost you a penny! And guess what? You can use their website and apps for free too! But here’s the cool part is they don’t charge us anything, they still generate more money from the Zillow app business model! Like, $1.1 billion a year!

Crazy, right? So, how do they do it? Let’s find out!

1. Advertisement Revenue

Advertising is an essential parto of any business. Zillow generates a significant amount of revenue via advertising. Real estate agents and other businesses can advertise on the platform, and ads are displayed to users based on their search criteria and browsing history.

2. Zillow Offers Program

In 2018, Zillow introduced its Zillow Offers program, which enables users to sell their homes directly to Zillow. The company makes money by purchasing properties at an amazing discount and reselling them for a more profit.

3. Premier Agent Program

The Zillow Premier Agent program is also an important source of revenue for the company. Agents pay a monthly subscription fee to access exclusive tools and features that help them grow their businesses. The company also charges agents for advertising and other services.

4. Ad Sales to Mortgage Lenders

Zillow is a website that helps people to look at homes to buy or rent. They also let apps like zillow, people who design the structure of homes, people who fix things in homes, and people who sell to help organize homes, advertise on their website. Zillow charges the people who lend money for homes based on how many times someone clicks on their ad or how many times their ad is shown to people.

5. IMT Segment

You can make money from the Zillow app business model by using the internet, media, and technology. They sell things such as marketing services and software to make money. Zillow executes their business in three parts: Premier Agent, Rentals, and Other.

Features and Functionality of Zillow App Business Model

Features and Functionality of Zillow App Business Model

In this digital era, On demand app development company encourage startups to build Zillow app business model to boost their business growth and include amazing features to easily search for homes and apartments by location, size, budget, and amenities.

1. Property Listings and Search Filters

One of the major features of the Zillow app is the ability to search for properties based on some factors like location, price, size, and other search filters. Users can also save their searches, set up alerts, and get notifications when new homes become available. Additionally, users can view photos, videos, and virtual tours of properties, and find all essential details about local schools, crime rates, and amenities.

2. Home Value Estimates and Zestimate Accuracy

Zillow’s proprietary tool, Zestimate, offers users an estimated value of their homes based on a range of factors like comparable sales, tax assessments, and local market trends. The accuracy of Zestimate can differ depending on the quality and availability of data, but it is a useful tool for buyers, sellers, and homeowners to get a basic idea of the value of their homes.

3. Mortgage Calculator and Financing Options

Users can use a mortgage calculator that guides users to estimate monthly payments based on down payment, interest rate, and loan term. Additionally, users can get pre-approved for a mortgage or connect with a lender through Zillow’s partner network. This feature makes it easier for users to understand their financing goal and find a competitive mortgage rate.

Zillow App Business Model Canvas

Zillow App Business Model Canvas as it has revolutionized the way people purchase and sell real estate online. The rental app development offers a fantastic user experience by offering all the essential information, tools and resources required to make informed buying or selling decisions.

1. Key Partnerships and Suppliers

Zillow’s key partnerships and suppliers include real estate agents, mortgage lenders, property managers, home insurance companies, and moving services. These partnerships offer Zillow with a stream of revenue while also helping to make a comprehensive ecosystem for users to satisfy all of their real estate requirments.

2. Key Activities and Resources

Zillow’s key activities include developing and maintaining its app and website, collecting and analyzing real estate data, and creating relationships with real estate professionals and partners. Zillow’s resources hire dedicated developers, its talented team of engineers, data scientists, and customer support staff, and its huge database of real estate information and analytics.

3. Value Proposition and Target Customer Segments

Zillow’s value proposition is to allow a comprehensive and user-friendly platform for buying, selling, renting, and financing real estate. Zillow’s target customer segments include home buyers, home sellers, renters, and real estate professionals. By serving these segments, Zillow has become a trusted and essential tool for millions of people in the US real estate market.

Zillow App Business Model Marketing Strategy

To build app like Zillow for android on demand app development company prepare a unique marketing strategy to pramote their products and services. Have a quick look at below strategy including:

1. Branding and Advertising Campaigns

Branding and advertising campaigns play an important role in its markting strategy. The company uses a multiple plateform to promote its app, such as TV commercials, billboards, online ads, and sponsorships. Zillow’s ads typically focus on the app’s features and benefits, like its ability to offer valid home valuations and personalized property search results.

2. User Reviews and Testimonials

User reviews and testimonials to create credibility and trust with potential users. The app has a 4.5-star rating on the Apple App Store and a 4.4-star rating on Google Play, with many users complimenting its ease of use and comprehensive property data. Zillow also features customer stories on its website and social media platforms to show the app’s impact on real people’s lives.

3. Social Media and Influencer Marketing

Zillow uses social media to engage with users and promote its brand. The company has a strong presence on platforms including Facebook, Twitter, and Instagram, where it shares property listings, interesting home decor tips, and industry news. Zillow also partners with influencers, such as bloggers and real estate agents, to connect new audiences.

Zillow’s Future Growth and Expansion Plans

Zillow has plans for expanding their rental offerings beyond just apartments to include single-family homes as well. If you are impressed with the Zillow app business model and want to build real estate app, why do you wait? Consider all essential features and benefits to grow your business.

1. Product and Service Innovation

Zillow is innovating its products and services to enhance the user experience and make growth. The company launched Zillow Home Loans, a mortgage lending platform, and Offers, a program that allows users to sell their homes directly to Zillow for a cash offer. Zillow is also moving on AI technology like virtual home tours and augmented reality tools to boost the property search process.

scale-up-your-business

2. International Expansion and Partnerships

Zillow has expanded into Canada and is considering other international markets for future growth. The company has also made partnerships with top real estate industry players like home builders and mortgage lenders, to leverage their expertise and reach new user segments.

3. Acquisitions and Mergers

Zillow has a history of getting or merging with other real estate technology companies to enhance its capabilities and market share. In recent years, the company has obtained StreetEasy, HotPads, and Trulia, among others. Zillow is expected to continue pursuing acquisition opportunities to further cement its market dominance.

Other Essential Details of Zillow App Business Model

Before build app like Zillow you must analyse essential factors of the Zillow app business model to set up a successful real estate business.

 

Opportunities

 

●     Innovative techs

●     Growth prospects for real estate

●     First-class financial Performance

 

Strengths

 

 

●     World-Class Management Team

●     Skilled Workforce/workplace

●     Brand recognition

●     Reliability

●     Coverage

●     Resources

●     Strong Financial Foundation

●     Diverse product portfolio

●     Topnotch Customer satisfaction

 

Competitors ●     Apartmemnts.com

●     MSN

●     Coldwell Bankers

●     Movoto.com

●     Century 21

●     Move

●     ForRent.com

●     Homes.com

●     Redfin.com

Cost Structure

 

●     Overheads

●     Acquisitions

●     Technological Innovations and Maintenance costs

 

key partners

 

●     Investors

●     Buyers

●     Sellers

●     Real Estate Agents and other Real Estate Professionals

 

 Key Activities

 

●     Arrangement of Physical Touring

●     Home Acquisition Finance

●     Bridge Real Estate Information Gaps

●     Generation of Leads

Zillow Channels

 

●     Website

●     Mobile apps (android/Ios)

●     TV and Print media ads

●     Blogs

●     Social media

 

The Closing word

The Zillow app has transformed the real estate industry with its excellent features and user-friendly interface. From its revenue streams to its marketing strategies, Zillow app has established itself as a major player in the industry.

As the company continues to grow and evolve, we can expect to see even more exciting developments from this industry leader. Whether you’re a home buyer, seller, or real estate professional, the Zillow app business model is a powerful way that can help you make informed decisions and stay ahead of the crowd.

FAQ: Know the Zillow App Business Model

1. What is Zillow’s revenue model?

Zillow makes profit through advertising, lead generation, premium subscriptions, and partner programs. In simple words, the company earns money by connecting consumers with real estate agents, mortgage lenders, and other service providers.

2. How accurate are Zillow’s home value estimates?

Zillow’s home value estimates, also known as “Zestimates,” are based on a variety of aspects, including public records and user-submitted data. While they can be a useful starting point for estimating a property’s value. It is always best to consult with a licensed real estate agent or appraiser for an accurate valuation.

3. Does Zillow’s advertising model create conflicts of interest?

Some industry experts have raised concerns that Zillow’s advertising model creates conflicts of interest. For example, real estate agents who pay for advertising on the platform may get preferential treatment in the form of higher placement in search results or more prominent listing displays. However, Zillow has stated that it has strict policies in place to ensure that all listings and advertising are treated fairly and transparently.

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Top Real Estate Apps to Download in 2023 https://www.techgropse.com/blog/best-real-estate-apps/ https://www.techgropse.com/blog/best-real-estate-apps/#respond Wed, 25 Jan 2023 02:03:57 +0000 https://www.techgropse.com/blog/?p=2367 Nowadays, the home buying procedure has moved from newspaper classifieds to the mobile application. So it is easier to find…

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Nowadays, the home buying procedure has moved from newspaper classifieds to the mobile application. So it is easier to find property for buyers and sellers to sell flats and houses.

The top real estate apps put thousands of listings right in your hand. Therefore, real estate app development is trending in today’s time.

A report shows that the real estate market will hit 1 million USD by the end of the year 2027. On the other hand, it is expected to add 30 percent by 2024. Therefore, the demand for real estate applications has become more popular.

Whether you are searching to buy a house, rent an apartment, or invest in commercial property, the best way to rely on real estate applications. 

Thanks to technology, searching for a house is now at your fingertips, as it is easier to find a property per your interest and budget. If you are looking for the best real estate app to download in 2023, you are at the right place.

This post will mention a list of top real estate applications that will assist you in buying property.

The Reasons for Real Estate App Development Getting Popular

Reasons for Real Estate App Development Getting Popular

No doubt that a house can be the biggest investment in your life. This will have a huge financial impact on you. Henceforth, it is essential to do some research and put some effort into bringing your plans and ideas to fruition. 

When finding the property, buyers work with a qualified broker with experience in the field. But over the years, it has been easy to find a property with the help of real estate apps. In simple terms, real estate applications have changed the way people think about buying and investing in real estate. 

As a result, real estate applications provide consumers access to information previously available to licensed brokers. But still, many people have a question as to why real estate app development is getting popular. If you have the same concern, we mentioned some reasons for the real estate app development popularity below:

  • Extending Market 

With the help of a real estate mobile application, the broker can reach more popularity with the application than doing this job physically. They can also connect more customers online and show any details their customers want to see to get attracted to your offers. 

Therefore, real estate applications are getting more popular. But when it comes to building an app, it is required to hire dedicated developers with years of experience and a good track record. With in-depth knowledge and expertise, they deliver quality services. 

  • Sharing Commission Better Way

With multiple listing services, the application will grow the brokers’ opportunity to earn. Using real estate applications, brokers will be able to get their commission in a more systematic way. In simple terms, applications help you and your businesses simultaneously. 

This is why real estate applications get more popular in a few years. However, building an on-demand real estate app development takes time and effort. So, it is good to seek the help of experts. 

  • Faster Searching 

Investing in real estate application development is a revolutionary step for your business as a real estate owner. With the help of a real estate application, customers can find all the details of the properties they are dealing with in a couple of clicks. They will get information about the price, location, area, amenities, etc. 

The faster search will improve the customers’ experience, which will definitely positively affect your business. Therefore, the popularity of the real estate app is increasing highly. However, you must find a leading mobile app development company in Dubai to build a functional application. 

  • Increasing Sales 

Real estate applications also assist business owners in getting more customers, and they will get all the required details about the property within one click. It will make the whole procedure easier and faster.

In simple terms, you can complete the procedure instantly and move ahead in order to sell the property to the interested one. 

In simple terms, this is the best way to attain more customers and sales. This is the reason that real estate applications are more popular. 

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  • Act as Marketing Tool

An app is a marketing tool that helps you connect with your customers through the application. No doubt that your customers will get to know about the new offer from your application. It is a good idea to build a real estate application equipped with rich features and functionalities. 

In order to build an application, you can hire dedicated real estate app developers skilled and experienced in building functional and easy-to-use applications for clients. 

  • Customer Support

With the help of a real estate application, it is easy to connect with customers round the clock. It means they can react to you whenever they want to. Moreover, you can also answer their questions instantly with an app that will assist you in building long-lasting relationships with the customers. 

Henceforth, it is an ideal choice to get in touch with a leading on-demand app development company committed to providing you with ultimate solutions per your demand. With years of experience, they will give you quality services. 

  • Creating a Brand Identity 

The real estate application will build an identity for your application. No doubt that the customer will recognize you through the application. This will create brand value for your business. In simple terms, the real estate application will change your business’s process. 

It will make your business up-to-date and more attractive to your potential customers. In order to build a functional app, you need to get in touch with a real estate app development company that will build an app for you.

List of Top  Real Estate Applications

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We are aware that the demand for real estate applications has become higher over the years. If you are searching for property and need more time to visit from place to place to buy properties, then you are at the right place.

In this section, we mentioned a list of top real estate applications to download that will assist you in finding the best properties for you. 

  • Zillow

This is the best website for home buyers that keeps up the quality. This full-service application provides a user-friendly interface and a wide array of tools for every step of the house-buying procedure. This application allows users to search and filter real estate listings, including detailed maps and 3D home tours. 

Here, you can save, share and get updates on listings. Moreover, this application can check if a listing price is fair. On the other hand, the application has many mortgage tools, including pre-approval and payment calculator options. Additionally, users can use this application in order to find and contact a local realtor. 

With the help of this application, it is easy to find the property. If you also have a real estate business, you can build your own application like Zillow. However, you should hire dedicated real estate app developers who meet your requirements.

>>> Read More : Real Estate App Development Cost and Key Features <<<

  • Trulia 

Whether you are in the market to buy or rent, Trulia is a popular application. Here, you can see photos and videos, price history, and property details. Moreover, you can use this application’s highly customizable map view to see area overlays for useful local data such as traffic, shopping, crime, and natural disasters. 

With the help of this information, you can determine what to avoid when deciding to buy property. Plus, renters can contact the leasing agent right from the application, and buyers can use the built-in mortgage calculator in order to estimate costs. 

Therefore, it is a popular application where users can find a property. It is also a good opportunity for real estate agents to reach the target market. If you are in the same business and want a good commission, building a real estate app like Trulia is good. 

However, building an app is a challenging task; it is suggested to get in touch with an android app development company that will give you ultimate solutions as per your requirements. Having years of experience and knowledge, they always strive for quality. 

  • Realtor. Com 

This is a popular application for finding a dream house or apartment for rent. Using this application, you can contact local agents via phone, text, email, or video chat. Simply put, it is a great place to find a real estate agent. 

The application’s search and filter feature help you find a property according to your budget and interest. In simple terms, the app makes it easier to find your dream house and apartment. 

https://www.techgropse.com/requestaquote

  • LoopNet’s App 

In this application, you can find commercial properties for sale or lease, search commercial property auctions and find local businesses for sale. You can list with the standard filters such as price, area, square footage, and lot. You can also search for cap rate percentage, submarket, tenancy, and specific keywords.

Property types include everything from office and industrial to specialty and shopping. It will let you view only properties that fit what you are looking for. If you are a real estate business owner, you should also build a real estate application for your business. 

But creating an application is more challenging for everyone because it requires good skill sets and knowledge. You should hire a real estate app development company with a good portfolio and years of experience in building functional applications.

>>> Read More : Top Real Estate Apps to Download in 2021 <<<

  • Homesnap

This application is a comprehensive tool in order to find residential properties for sale. Users are eligible to search with numerous filters such as bets, price, square footage, fees and many more. Moreover, it has many helpful tools to find a local real estate agent, including a database searchable by agent name or address. 

Connecting with an agent through this application allows you to share homes, trade messages, and request tours. On the other hand, they can also unlock advanced, real-time data on contracts and sales. This is why it is a good place where users can find properties or apartments. 

But when it comes to building such applications, you should hire dedicated mobile app developers who are experienced and well-versed in building functional mobile applications for various businesses. 

Conclusion 

A high-quality real estate mobile application makes a difference in your business. So it is necessary to have a functional and easy-to-use application that will assist a business to get more return on investment. Having an application makes it easy to stay ahead of the curve while grabbing real estate business opportunities. 

Read the complete post if you are a buyer searching for the best application to find a property that meets your requirements and budget. Above, we mentioned some popular applications that will help you find the right property.

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