Real estate is an industry that has been around for decades. Buying and selling property is an essential part of modern society. As technology advances, it permeates every part of our lives, including the real estate market. Do you ever wonder about the ways that technology is changing the real estate industry?
If you’re thinking about buying or selling, a great first place to start is by interviewing and finding a real estate agent to help guide you through the sale.
The most obvious place that technology has changed the real estate industry is by offering the ability to have online listings for a property. Websites make it easier than ever before to view inventory and property details before ever even entering the location. Learn about tax history, school districts, square footage, and more with a simple click. Having all this information at your fingertips makes the job of your agent slightly less daunting and can save you precious time when trying to find your new home sweet home.
Once you’ve found that dream property and you’re ready to head to the closing table, technology strikes again by making your life a bit simpler. With the advancement of e-signing documents, technology makes multi-party real estate transactions faster and more organized. Having the ability to electronically sign documents changes transaction efficiency and how real estate agents respond to clients.
The technology behind virtual reality makes the “try-before-you-buy” idea in real estate come to life. 3-D tours online can make viewing properties more realistic and give buyers a better idea of layout and space. A huge advancement for those moving across the country, 3-D online tours of homes make buying sight unseen a thing of the past. Plus, consider the virtual reality technology found in virtually staged photos. This saves agents the time and hassle of staging homes; and gives buyers a better understanding of the potential of a room.
There is no doubt that technology has changed the marketing industry as a whole, including the real estate industry. Aside from online listings, real estate agents are utilizing social media, email marketing tactics, and more online platforms to market listings and their services. This doesn’t mean old forms of marketing are gone, but the addition of technology has definitely changed the game in real estate marketing.
Technology has dramatically changed the scheduling surrounding real estate. Clients now are now able to get a notification on their phone about requested property showings, which they can accept or deny with a click of a button. Plus, agents can easily enter properties using an app to unlock the door. These small advances in technology ensure wires aren’t crossed, and everyone is aware of upcoming activities at a property.
We hope you feel enlightened about the ways technology is changing the real estate industry. For agents, buyers, and sellers alike, technology has made the transaction easier, more efficient, and more seamless. Integrating technology into real estate is a leap for the industry that is ever-changing.