The real estate business has faced unexpected challenges in past years. But no matter what, companies try to stand for development by adapting to the current situation on the Globe. This industry relies on modern technologies to keep the business on track and reach new heights.
So let’s find out the main trends in real estate technology. These advanced tools will help you to level up your current status and state great goals with further success.
Mobile Software
All top real estate technology companies understand they need mobile software. Thanks to the professional developers https://jatapp.com/ your agency can keep working no matter the quarantine restrictions and human factors. Mobile app development brings great advantages to the real estate business today more than ever.
There is no need to wait while your company opens anymore. Any individual can open a mobile application and find important information on his or her smartphone. For instance, phone calls aren’t popular anymore because customers can open mobile software to chat with a bot and get all answers to their questions.
That’s why using mobile apps it’s much easier to find apartments, advertise your proposal, notarize a sale contract, and so on. As a result, such innovations speed up all deals on the market and help both sellers and buyers to reach their goals.
Talking about mobile apps, it’s also fair to mention the advantages of social media platforms for the real estate industry. According to the official statistics, more than half of the world’s population uses social media. Every user spends approximately 2 hours 22 minutes per day checking DMs and feeds. That’s why social media platforms become powerful tools to develop your real estate company.
Blockchain
Year by year, people understand the role of security in their lives. On the one hand, we used to use smartphones, tablets, clouds, different online services, etc. which store our personal information. On the other hand, hackers develop new instruments to access this personal data for criminal purposes. This is one of many reasons why blockchain becomes in demand.
Blockchain is created to provide every transaction between 2 sides with full safety and verification. What does it mean for real estate? Spoiler: very useful and practical benefits.
Thanks to blockchain technology in real estate, brokers don’t have to work with paper documents or Microsoft office excel. They are free to rely on automated and safe transfer of any important data that simplifies the work and increases productivity.
A good example of using blockchain in real estate – is selling or purchasing a property. With such verified transactions, there is no fear of facing fraud. Also, after the identity verification, both property owners and real estate experts can access additional information about the house or apartment.
Virtual Reality
Before the pandemic, we didn’t expect people to work, meet friends, have dinner, do exercises without leaving our homes. But now this is a reality so we are even used to such things. Let’s find an analogy with real estate: hardly you have expected to see any place on the globe without being there.
Today, thanks to augmented and virtual reality it is possible. If you are looking for an apartment to buy or rent, you can view options online by sitting at the table. This is the power of virtual reality that brings significant advantages for real estate.
Here are several examples of using VR in real estate. As a buyer, you receive an opportunity to have a virtual walk in the house you are interested in purchasing. As a real estate company, you can develop virtual tours inside and outside properties. Sounds great, just don’t ignore professional tips in using virtual reality in real estate:
– pay attention to the quality of the camera and keep the highest quality of your content;
– take pictures from different points with a 360-degree camera;
– don’t forget about the property owners’ privacy;
– use different platforms for making 3D tours to provide customers with different options to access the content.
Artificial Intelligence
Using AI isn’t something new today. But to be honest it is still a huge trending technology in real estate. It is literally everywhere starting from developing chatbots for customers to making analytical reports for employees.
Nowadays real estate works virtually. On the one hand, customers can easily find important information online. Because of a huge amount of information like price records, documents’ titles, and so on, we may spend hours to find essential files. AI makes the search easier and saves time.
On the other hand, experts in real estate consider AI to make the home selling and buying process more efficient. They may access personal information of homeowners, debt levels, local issues, renovations, and other indicators to forecast the real value of property and perspectives on closing the deal.
As a result, Artificial intelligence is mostly used in real estate to improve the relationships between brokers and property owners. Such an approach will help them to achieve mutually beneficial plans.
Internet of Things
Many tools and activities don’t bring desirable results. You may hand out your business cards but people will throw them away. You may call a homeowner to talk about your proposal but no one answers. These examples highlight a waste of time and effort.
Using IoT we can change our lifestyle for the better. This technology means any gadget can exchange data with other gadgets through the Internet connection. Long story short, if you own or rent an apartment you can use your mobile device as a video intercom tool. As a result, you can use this real estate management technology and be sure it is safe and secured.
As a result, no matter your current location you may access the overview of your home: who is there or located close around. It’s much easier to manage your home: to control entrances and exits, observe people around, turn on or turn off any home system, and so on. The number of your features depends on the system you use and its settings.
The Internet of Things is the future of real estate technology that is available now. It is powerful enough to improve the property owners’ and resident experience in a variety of situations connected to their homes.
Be Trendy – Be in Demand
Challenges in real estate are related to everyone. This area includes not only selling or purchasing property but also managing our houses and apartments. If people need to sell, rent, or buy property, they want to make it fast and profitable. Thanks to modern technical trends, it’s much easier to reach now.
Thanks to constantly developing technologies, businesses in any field can take advantage of using mobile apps, social media, AI, and so on. Innovations are created all the time and well-known technologies are improved for bringing people a better experience. Today people keep living in the reality of the global pandemic but it doesn’t harm the real estate business anymore. We used to live in such conditions, and modern technologies help a lot.
As you can see, real estate companies keep working on the market by adapting to new circumstances. With the support of the mentioned above trends, we will overcome the difficulties and keep growing in the future!