From smart homes to self-driving cars, technological innovations are continuously evolving and changing how we live and the way we do things. And the real estate industry is no different, Seeff explores how the real estate market is changing as a result of technology.
#1 – Viewing a property without leaving the property agent’s office
One of the most tiring parts of looking for a property is the constant up and down, travelling to different showings. What if we told you that might not be necessary anymore? Virtual reality is slowly but surely changing the way realtors do house tours. Specialised software and viewing apparatus allows potential buyers to “walk” through houses from a remote location. This saves time, money and effort.
#2 – Paperless applications
The rush of collecting documents and filling in physical forms can be frustrating. Fortunately, many realtors have transitioned to digitised application processes, which are more convenient, efficient and easily trackable at every step of the way.
#3 – Easily accessible reviews and testimonials on a potential real estate agent
Phoning around, checking references of an agent who you’d like to sell your home can be a time-consuming process. Accessing reviews online reduces the number of calls you need to make and gives you a good idea of a realtor’s customer service track record.
#4 - Mobile apps
Apps such as Airbnb and Booking.com are making it easier for owners to list their properties for short-term rentals. The entire process happens in-app, which is like a one-stop-shop for accommodation.
When it comes to technology in real estate, one thing is for sure , it is an exciting time for the industry.
Author: Seeff Head Office, 19 December 2019, Expert Insight