Thursday, September 6, 2018

Transforming “Real” Estate with “Virtual” Space and Changing Technology


Technology is stretching its arms around every possible sphere. It has also embraced the real estate industry. From renting or buying a house to putting it up for sale, everything can be done with just a touch of fingers. The virtual space and digital data has revolutionized the industry completely. The necessity of the physical presence of both the parties, selling as well as buying, is completely eliminated with this revolution. The technology is still moving forward with a very rapid pace to further enhance the experiences of the people involved, their comfort, and the ease of doing work.

Websites and Mobile Applications

Almost all the consultancies today have their own websites. These websites help people to view inventory, look for options, and see what is available. Through the websites, it is possible to view the tax and purchase history along with the photos and detailed description of the property. The neighborhood can be checked as well. Along with the websites, many companies have their own mobile apps also. With this technology in hand, people can stay informed all the time without doing a thing. The apps enable the advantage of getting notification of the new relevant properties. Moreover, the buyer can set preferences like, the locality, the area, the price range, etc. Some apps even allow multiple flat owners to put their property information on the portal, helping buyers to survey all available options.

E-signing Services

To aid the multiparty real estate transactions, new platforms have emerged today. These have all the information arranged in an organized way, saving time of the people who are interested. This technology is improving the efficiency in various ways, from simple file sharing to personal task lists to secure and legal e-signatures. It has also changed the scenario of how agents respond to their clients.

Virtual Tours

Now with the help of technology, the agents can provide a visual footage of the property or home to be sold to the buyers, investors, or renters. The interior as well as the exterior of the place can be explored through a smartphone, without having to be present in person. This has made the process very easy.

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