Frequently Asked Questions
General
NILE is a residential real estate platform built by agents for agents. Residential Real Estate is stuck in the 1980s. It’s a confusing and archaic process that involves 500 pages of paper that bounces back and forth between buyers, sellers, agents, escrow managers, title officers, attorneys, and the assistants to their assistants. Nile is a software platform that transforms your real estate transaction from a tedious 5-week process to as little as 3 days.
Nile has a proven track record of improving the efficiency of your documentation requirements. Increase home showings by 23% and get 11% more offers on your listings. Our digital platform reduces human error by 90% and helps increase the overall sales price of your property by 4%.
Using the power of our Deal Score Algorithm, we identify the top offer available in the market for your listing. We then send this out to interested buyers and their agents and allow them to send in counteroffers within minutes. This helps encourage bidding wars that drive up your property’s price by thousands of dollars more.
Sellers
Once you’ve registered, our dashboard links you to a listing registration page where you input a comprehensive set of data points for your listing. Our forms ensure you submit all the requirements needed for your deal and help reduce the chance of you forgetting or missing anything important.
Nile Home streamlines the closing process from start to finish allowing you to track the status of your deal just like a UPS package. You can get an update on where you’re at with the push of a button instead of having to call someone to get answers.
Using the power of our Deal Score Algorithm, we identify the top offer available in the market for your listing. We then send this out to interested buyers and their agents and allow them to send in counteroffers within minutes. This helps encourage bidding wars that drive up your property’s price by thousands of dollars more.
Buyers
When you use Nile Home, you get immediate notification whether or not the seller approves your offer. Our platform also provides you the opportunity to make counteroffers whenever another buyer outbids you on a listing. This helps ensure you don’t miss out on any deals you like to complete due to delays from communicating with your agent and the seller.
Yes, Nile Home provides a user-friendly dashboard for open houses and private visits that’s available for both buyers and sellers. Schedule your home visit on your phone and seamlessly sync it with your calendar.
The Nile Platform allows Buyers to sign a Purchase Agreement and Send an Escrow Deposit all on the same page. Buyers can instantly see your offer, and if they like what they see, they can approve and close the deal quickly.
Nile simplifies 3rd party services by incorporating an order page in their dashboard for home appraisals, inspections, and repairs. Local service providers have their pricing listed on the platform cutting the time lost from unnecessary back and forth from typical negotiations done through paper.
Agents
Nile Home empowers agents by cutting down the time to process tedious documents that they would typically do themselves. Instead of spending five weeks submitting paperwork and coordinating them with the various parties involved, you can track everything on your phone with our software.
Buyer Agents can send in offers within 5 minutes on a listing using Nile Home. Our platform immediately notifies you the current best offer on a property and allows you to make a bid that’s just right to close the deal.
Nile provides payment gateways that allow buyers to wire payments to Escrow Companies and Sellers, providing almost instant verification to both parties whenever a transaction has been completed. We’ll also send your move-in details upon the completion of the deal allowing your clients to get everything they need to enjoy their new home.