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During the development of the project, we’ve used a hybrid project management methodology. As a rule, we use the PMI radar to select the most suitable project management methodology for every project that we take up. In this case, on the one hand, our team had a flexible scope during development, being able to change some aspects of the original project plan. On the other hand, this scope was combined with cost and time constraints (we had an upper limit on development time and expenditures).
Real Estate Management Project
The Real Estate Management Project is a product aimed at optimizing offer management processes for real estate agents in Ohio, US. The idea for this tool was created by local real estate experts to help their colleagues. It, thus, takes the most minute details of Ohio legislation into consideration.
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Team size5
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Development time3.5 months
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ProductCustom offer management platform for real estate
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IndustryReal estate
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Service we offeredWeb development
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LocationOhio, US
Our Team
05
Maksym
JS developer
Max
JS developer
Mykola
Business analyst
Tania
Project manager
Anna
QA
02
Challenges and Solutions
Challenge
The first challenge during the development of the product was adaptation to the country- and state-specific regulations of real estate market in Ohio, US. On the one hand, it was necessary to adapt to the system prevalent in the US (buyer, seller, buyer's agent, and seller's agent). On the other hand, unique features such as state-specific requirements for escrow fees and commissions also demanded major attention from us.
Solution
Our team successfully implemented all the presented features using the feedback from the product team. Primarily, we've configured the framework with multiple roles. More importantly, Keenethics experts have figured out escrow fee and commission calculation rules and integrated them into the presented web app.
What Makes Keenethics' Cooperation with the Real Estate Management Project Unique?
Hybrid PM methodology
Smooth communication
In the presented case, our customer was anxious about three potential barriers to communication. Firstly, a language barrier might have occurred, as our team didn’t feature any native speakers of English. Secondly, an expertise barrier was almost inevitable, since the development of the project required unique insights into Ohio legislation. Lastly, we also had a 7-hour time difference, which could have acted as an additional barrier. Ultimately, none of those problems managed to impede our communication. For example, language barrier failed to manifest due to our emphasis on at least B2-level knowledge of English. According to the feedback from our customer, they were surprised by the ease of interacting with us.
High-quality project knowledge transfer document
Our team is also proud of developing a high-quality project knowledge transfer document. This document provides a full review of the project capabilities and development principles. As a result, the customer’s team now has a strong basis for the independent development of the product. Future maintainers of the Real Estate Management Project can find a full outline of all aspects they need to consider during maintenance in the document prepared by our team. This is a standard practice for our company, meaning that future customers can also expect it.
Why Real Estate Management Project?
The real estate market in the US, and Ohio in particular, differs from that of other countries. Above all, it places much more emphasis on the role of real estate agents. In the American system, the majority of the interactions occur only between buying agent and listing agent, who report information on deal progress to buyers and sellers. Interactions between individual clients are usually limited to the deal finalization process.
What does this factor lead to? On the one hand, the sale and purchase processes are guided by professionals, minimizing the risk of low-value deals for customers. On the other hand, real estate agents typically have to interact with multiple properties at once. As a result, they must process hundreds of offers and counteroffers via email per day. The Real Estate Management Project we’ve developed streamlines this process. Thus, it prevents information losses by creating a centralized platform for all real estate interactions. Product owners have many years of experience in this sector: hence, the project focuses on genuinely essential features.
Key Features of the Product
The Real Estate Management Project we've helped develop has a set of vital benefits one should pay attention to. They include the following elements:
Tailored for real estate agents by real estate agents
The Real Estate Management Project was started by real estate experts, who have advanced subject matter expertise in the relevant field. This means the product was developed with common user pains in mind from the get-go. It has only those features that are truly necessary for performing core real estate activities.
All-encompassing solution for real estate
The Real Estate Management Project also has a public interface that lists all available offers for real estate. This feature is essential for allowing the users to view multiple offers and have an all-encompassing vision of the market.
Minimalistic product design
Despite having many features, the Real Estate Management Project isn’t overloaded. Consequently, the web app is lightweight and features a user-friendly interface due to the no-nonsense approach of its managers.
Long-term support
The Real Estate Management Project is focused on the long-term support of its core services. The leadership of the project wants to gather as much user feedback as possible to then make advanced judgments on further improvements. Hence, we expect that the platform will receive many new features in the upcoming years.
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