Software Discovery Phase for a Real Estate Bidding Platform
ABOUT
the project
Client:
Location:
US
Company Size:
Industry:
Solution:
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.
We immediately dived into customer requirements and goals to find a perfect market positioning for them. We also crafted a detailed work breakdown structure (WBS) with cost projections for each development phase allowing the customer to plan their budget and avoid its overruns.
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.
BUSINESSCHALLENGE
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.
WhyLeobit
Leobit has exceptional experience in real estate and proptech software development.
We knew the key quality standards and challenges pertaining to this industry. We were also ready to handle the discovery phase of the project to bring clarity, precise estimates, and a roadmap to building a solution the customer needed.
Project
in detail
The customer approached us with a request to assist in organizing the project’s main requirements, including the application’s business needs, end-user scenarios, and development roadmap. We held several workshops to ensure a comprehensive discovery phase, illuminating all aspects of the project.
Identified market niche and strategic direction
We helped the customer identify a specific niche for their solution. Our team outlined the essential functionality that would fill the unmet need in the real estate market for a bidding platform where all the steps to close a deal are taken in one place. Our team also helped the customer identify a promising direction in the real estate market, namely the niche of unlisted properties. With all this knowledge, we managed to improve the product's market positioning and outline its basic functionality and development direction.
Blueprint of the solutions architecture
The client received a vision of the platform's architecture and tech stack required for the implementation of their ideas. All the results were documented in the WBS (work breakdown structure) document, serving as a roadmap for the project supported with estimates.
The customer also got a vision of a tech stack required for building the real estate bidding platform. In particular, .NET was chosen as a perfect back-end technology due to its excellent performance, flexibility, and compatibility with other frameworks and services. Angular would become a framework for building the app’s dynamic and user-friendly front end. We also decided to leverage the scalability and manageability of the cloud by deploying the app on Azure.
UI prototypes and design concept
Adopting a user-centric approach, our UI/UX Team created prototypes and design concepts that outline the solution's core functionalities, including property bidding and representation of unlisted properties.
The Journey
Behind The Discovery
people on the team
weeks to complete the discovery
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