Real Estate Tech: What New Advancements Does 2018 Bring Us?

Real Estate Tech: What New Advancements Does 2018 Bring Us?

The real estate industry is seeing changes with improved technology. This world is becoming a more connected place. With increases in this connectivity, buyers and realtors have more opportunities. Here are some of the advancements in the real estate field.

Real Estate Tech: What New Advancements Does 2018 Bring Us?

Improved Decisions through Data

There is more information available. Realtors have the ability to process this information in order to better target their audience. They can also offer their clients more information, so that they can make more informed decisions. The market is constantly changing. Now realtors can stay up to speed. This allows potential buyers to make their purchase with confidence. Projections can be more accurately made on the value of a home.

Virtual Reality Touring Abilities

This new technology is starting to gain some traction. Instead of just looking at pictures online, you can experience the home without having to be in it. This offers realtors greater flexibility when screening potential buyers. They don’t need to have open houses to attract people to their showings. They can focus on the buyers that are actually interested in the property, and not just those that are sight-seeing. This saves everyone time during the house hunting process.

Mobile Technology

Smart phones have changed how people shop for homes. Many people use their phones to look at homes that are of interest to them. Some companies, such as RE/MAX Synergy, know that websites are popping up that specialize in finding the perfect home. Some of these sites will send you emails if something that might interest you comes on the market. This offers you the opportunity to get a jump on making an offer on a new home. Realtors use mobile tech to track people that visit their open houses. In this way, they can gather better data to help you with your home search.

Online Work Force

Realtors are able to work anywhere. There is no need to have one centralized office space. This has allowed for smaller real estate agencies to be more competitive in the marketplace. With the use of online conferencing and chatting tools, they can meet with clients all over the world. You can meet with a realtor that is on the other side of the country if you’re trying to relocate long distance. This offers you the ability to select a realtor that has your best interests at heart. You can shop for an agent in your own home.

The new year offers new advancements for real estate. As technology improves, industries need to adapt in order to keep up. This can prove to be beneficial to potential home buyers.