Salesforce is a highly-regarded CRM software with the largest market share among its competitors, such as Adobe, Oracle, Microsoft, and SAP. However, until recently, it wasn't widely adopted in the real estate industry due to the slow adoption of technology.
Generally, large real estate companies were the leading users of Salesforce CRM, while small and mid-scale agencies didn't use it much.
Due to the COVID-19 pandemic, numerous businesses had to reconsider their operational strategies. As a result, many small real estate firms started employing Salesforce to enhance their customer service and business operations.
Today, the necessity for a robust CRM like Salesforce is apparent, regardless of whether it’s a small agency or a well-known real estate enterprise. But still, real estate agents may have mixed feelings about its effectiveness.
For those who are unsure, this article will explain how Salesforce revolutionizes the real estate industry. Also, we’ll discuss the multiple advantages it provides for your real estate business growth. So let’s begin!
What is Real Estate CRM software?
Real estate management software is a powerful tool that helps property managers and real estate professionals streamline daily operations. This software is designed to automate tasks, such as rent collection, lease management, maintenance requests, and accounting.
Additionally, it provides valuable insights into property performance, tenant behavior, and market trends, enabling better decision-making and strategic planning.
So, whether you're managing a single property or a famous portfolio, real estate CRM software can simplify your workload and help you achieve your business goals. But all you want is the right real estate management software like Salesforce.
Why Choose Salesforce for Real Estate?
Real estate deals are different from other businesses because they involve higher risk. If a deal falls apart right before it's supposed to finish, it can cause a great loss for everyone involved.
Unfortunately, this happens quite often in the traditional way of doing things. Isn’t it? That’s where Salesforce comes in! But how can you ensure it doesn't happen to you with Salesforce?
Using Salesforce can help real estate agents predict potential problems in a deal and take action to prevent them. But you don't have to accept our word for it! You may see the factors for yourself below:
Salesforce acquired 69 companies to expand its business, including Slack for workplace messaging. So, real estate agencies can use this feature to connect and carry out their daily operations.
Statistics show that using Salesforce for real estate companies can lead to a 27% gain in sales revenue, an approximately 34% enhancement in client satisfaction, and around a 32% increase in lead conversion rate.
Further, according to emerging trends in Europe in 2021, 78% of people in the real estate industry believe that Proptech will continue to grow in the next three to five years.
It means that using Salesforce CRM software can help you analyze your consumers and improve your relationships with them. However, if you're wondering how this can benefit your real estate business, here are a few points to consider:
Being a real estate agent is quite challenging. You have to become quick whenever it comes to collecting or sharing information. Thankfully, Salesforce can help you rescue your data by allowing access to a wealth of information at your fingertips.
But it's not just about the data! Salesforce's real estate CRM makes it a breeze for agents to build and promote customer connections with existing clients or new prospects. So, no more fumbling around for contact details or struggling to remember important information. It's all right there on the Salesforce platform.
With the lightning-fast response time of Salesforce, you'll never leave a customer hanging. Simply, it makes it possible to reply promptly and professionally.
In addition, Salesforce helps you stay in touch with your past clients, making it easy to keep those essential connections alive.
Lastly, with Salesforce, agents can make informed decisions based on customer preferences, purchasing habits, and other essential information - all presented in easy-to-read, visual formats.
So if you ask whether you should choose Salesforce for your real estate or not, we recommend it as a viable option. But must follow it with the proper implementation techniques to achieve the desired results.
How to Utilize Salesforce for Your Real Estate Growth?
Salesforce offers real estate agents a multitude of modules and features designed to simplify their workflow and enhance productivity. However, leveraging this solution to its fullest potential requires special knowledge of its complexities.
In this context, we explain the various Salesforce CRM modules and illuminate the customization possibilities to meet your real estate necessities.
Marketing Module
Revolutionize your real estate marketing game with the Salesforce Marketing module. This tool features marketing automation, efficient lead nurturing, advertising channel management, and ROI calculation at your fingertips to save you time and focus on what matters.
You can easily share your properties on social media with a single tap. Further, with seamless integration with Google Analytics and other tools, you can track your success and optimize your campaigns for maximum impact.
Customer Support and Service
Salesforce customer service facilitates you with fast messaging through the social media portal or website, implementation of advanced chatbots to handle repeated questions from customers, links to self-service websites, improved recommendations from happy customers, and automated personalized texts/emails.
Sales Module
It implements the following facilities:
Create a sales document.
Single-click sales offers.
With the help of the web-to-lead feature, it provides new leads.
Conversion ratio tracking.
Custom criteria choices for lead conversion.
Automatic property listings from multiple sources.
Reporting and Analytics
This tool provides historical trend reporting, stacked summaries, custom reports, lead tracking, and reporting snapshots.
Security
The salesforce security option grants you access to granular rights, authorized and authenticated user access, data management, and secure processes.
Purchase
It offers pre-defined discount integration, booking approvals, and pricing of custom property based on plot features and values.
Sum Up
Salesforce is undoubtedly the best CRM platform for real estate agents!
Its ability to integrate with other software applications, such as marketing automation and financial management software, further adds to its value. The platform's flexibility also makes it convenient for businesses of all sizes, from small startups to large corporations.
We hope you found this article informative and helpful in understanding why Salesforce is the best CRM platform for real estate agents.
Also, check out: "Salesforce for Nonprofits"
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