Why Digital Transformation is Essential for Your Real Estate Business

Real estate is a challenging landscape to navigate. Consumers are looking to trade assets, and they are working across a multitude of systems to keep transactions moving forward. Digital applications are highly coveted, and in today’s age, the only way forward is through automated workflows and easy to use software applications.

Many applications have been created to improve today’s transaction life cycle. Real estate professionals wear a lot of hats, so there are numerous areas for new digital services. Much of the focus has been set on marketing and lead generation, and a handful up-and-coming companies have taken notice of new opportunities.

Proptech companies from around the world have rode the first wave of digital transformation, but many say the coming decades of innovation will be led by companies that didn’t exist five years ago. With an underlying theme of complacency set by big players, the conditions are prime for innovative startups to disrupt the status quo. Some argue that real estate professionals are resistant to change; but in the end, the best will prevail, and it is them who decides who takes the cake.

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Out of all the proptech categories, Contract Management in particular has been long overdue for optimization. Managing real estate contracts is crucial; with the stakes being so high, it’s clear that the paperwork is a fundamental pillar not to be overlooked. In Colorado specifically, antiquated contract software seems to have become the norm. In today’s age, there’s no reason why real estate professionals should be using antiquated contract software that adds administrative burden and increases exposure. This is where some software providers have fallen short.

eGent, a Colorado-based proptech startup, recognized this void in the industry and has built a unique solution in response. eGent is a single-solution eContract and Transaction Management software, built specifically for Colorado with plans for national expansion. This software is used by parties to a real estate transaction including: agents, managing brokers, transaction coordinators, buyers, sellers, tenants, and landlords. eGent has all of the general features you would come to expect in a transaction software, with access to: built-in commission-approved forms, productivity reports, messaging center, eCalendar, task list, and eSignature capabilities, all crafted carefully within a superior user interface. In addition to general features, eGent has pioneered a number of exclusive features such as the never-been-done Client Profile, document compliance software, customizable templates, and transaction coordinator profiles. Most notably, eGent has partnered with the Armbrust Real Estate Institute to create a one-of-a-kind feature called ‘Simple View’. eGent Simple View® breaks down commission-approved forms by converting them into an easy to understand, layman’s terms format. This intuitive feature helps agents and their clients better understand real estate forms and how they may affect the consumer during and after the transaction.

Digital transformation is the essence of the 21st century. We rely on great technologies to amplify our everyday lives so that we can reach our goals more efficiently, and the real estate industry is no different. No matter the size of your business, utilizing the right applications will set you apart from the competition and increase the overall efficiency of your organization.

Learn more about how eGent is transforming the proptech world by visiting their website at www.eGent.pro.