Technology is rapidly altering how we approach real estate, from mobile apps that can assist you in renting out your place to locating a new house by simply looking through your social media profile.

With the aid of apps and other technologies, it is actually simpler than ever for buyers, sellers, and even real estate agents to expedite the marketing and transaction process, and there are no signs of this trend slowing down. Today, real estate investors (or those who aspire to be investors) are also benefiting from technology.

As evidence, a recent TechCrunch article stated that Sundae, a new SaaS firm that connects owners of old, damaged homes with potential investors on their website, had just received an additional $80M in funding after experiencing a 600% growth in profits over the previous year.

For all parties involved, the platform makes it simpler and more reliable by vetting the investors and sellers.

Sundae isn't the only app reducing the risk associated with real estate investing; there are also Groundfloor, Fundraise, Peerstreet, and numerous more.

Does that imply that everyone may make real estate investments without using a real estate agent or advisor?

What does this mean for real estate brokers that frequently deal with fresh investors, though?

Are Apps For Real Estate Investment Reliable?

Real estate investments typically entail large sums of money. So, it makes sense to question whether you can rely on a mobile app to handle that much money or navigate the process.

The reality?

The majority of real estate investment applications on the market are more concerned with connecting investors to possibilities than they are with hosting "crowdfunded" ventures, where participants simply contribute a few hundred or thousands of dollars.

Like stock investment apps, real estate investing applications have low entry barriers and make it as easy as possible for users to connect with opportunities or crowdsourcing with the least amount of risk.

For instance, Fundrise enables investors to get started with as little as a $500 investment, while PropertyFIxer is an app that helps buyers determine their return on investment (ROI) and overall profit from fixing up and reselling a fixer-upper.

Can Real Estate Agents Be Replaced By Real Estate Investing Apps?

The quick response is no.

Having a dependable real estate agent is unquestionably the smarter approach to handle larger investments and more complicated deals, even though some newbie investors may decide to remain with applications that provide smaller, more passive investments.

In reality, real estate investment applications may aid real estate agents by introducing them to new customers of educated people who are already relatively knowledgeable and ready to increase their portfolio with professional assistance.

In other words, these applications provide a fantastic introduction to real estate investing or occasionally provide a "quick fix," such as locating a qualified buyer for a damaged home, but they won't take the place of the requirement for genuine market knowledge.