Property development
Frequently asked questions on “Property development”, with the details specific to your market where the rules depend on it.
How do we create a new real estate development project in REOS?
The project is created within the development module alongside its legal framework, schedule and units, which populates the commercialisation grid. Each unit displays its price and status there, ensuring that the sales team and management share the same view of sales progress.
United Kingdom For the United Kingdom, the legal framework for off-plan sales specific to the market is configurable upon request.
See also: Property development software for off-plan sales
Link to this questionHow are options and waiting lists managed for units in a new development scheme?
From the unit grid, you can place an option on a unit for a specified duration or add a contact to the waiting list. Expired options are lifted automatically each day and the first contact on the waiting list is notified, which prevents a unit from remaining blocked without follow-up.
See also: Property development software for off-plan sales
Link to this questionHow is the payment schedule for a reservation constructed according to the construction stages?
The reservation schedule is constructed based on the construction stages and the percentages defined for the project, ensuring that each instalment corresponds to actual building progress. When the price or percentages change, the remaining pending instalments are recalculated.
United Kingdom For the United Kingdom, the stages and percentages are defined per project, and the legal framework specific to the market is configurable upon request.
See also: Property development software for off-plan sales
Link to this questionWhat is the procedure for issuing a fund call when a construction stage is completed?
You mark the stage as completed in the development module to trigger the dispatch of the corresponding fund calls. This action generates a PDF document with the payment details and sends it through the queue to each buyer whose reservation is confirmed.
See also: Property development software for off-plan sales
Link to this questionHow can the buyer track the progress of their off-plan purchase?
The buyer receives a personal and revocable link to a page displaying their unit, construction progress, project documents, finish choices and schedule. They thus have access to up-to-date information without needing to create an account, and the agency can revoke this access at any time.
See also: Property development software for off-plan sales
Link to this questionCan we manage finish choices and supplementary quotes requested by buyers?
The finish catalogue presents the extras offered to buyers, including their VAT-inclusive price. For a selected choice, REOS produces a PDF quote, providing the buyer with a written record of the extra before it is integrated into their reservation tracking.
See also: Property development software for off-plan sales
Link to this questionHow are off-plan reservation contracts signed?
The reservation contract is generated from the project template and then sent for simple electronic signature. The document is frozen at the time of sending, and once all parties have signed, the reservation is updated automatically during the daily run, which avoids manual tracking of signatures.
See also: Property development software for off-plan sales
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