How Technology is changing the real estate industry

Whether you want to buy or rent a home or are an agent trying to sell one, it is now normal to prepare to surf on your phone or tablet. However, this is just the tip of a giant iceberg hitting the real estate world as technology continues to play an important role in bringing consumers and professionals closer to the market.

Residential and commercial real estate offers many opportunities to use the latest real estate technologies and increase the country’s largest fortune with an estimated value of $40 billion. Here are five ways technology is changing the industry:

1. Online offers

Websites make it easy for everyone to view inventory and see what’s available. In addition to photos and detailed property descriptions, you will find purchase and tax history, school grades and other information about the neighborhood. Would you like a satellite view to see how far you can be from a highway or shopping center? You have it

2. Mobile applications

All of these websites also have apps, technologies that keep you up to date without having to do anything. You will receive notifications of new properties and offers that match your search criteria. Plus, apps can help you with your budget and quick access to real estate agents and managers.

3. 3D virtual tours

In addition to photos, the new software allows buyers and sellers to take a 3D virtual tour of a residential or commercial property, giving them the feeling that they are personally walking in space.

4. Online investment

Real estate investments take as reference to the popularity of crowdsourcing. The mission of certain new sites is to give everyone the opportunity to invest in quality real estate by pooling their online resources.

5. Electronic signature services

New platforms are made available to complete real estate transactions with several parties, save time and stay organized. From legal and secure electronic signatures to personal task lists and simple file sharing, this type of technology not only improves efficiency but also the way agents respond to their customers.

 

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