Technology has changed the way industries carryout business transaction and real estate is not left behind. The real estate industry is currently undergoing a digital transformation to meet customer’s expectations, just like many other industries.
A lot has changed in real estate in the last 10 years, due to technology. The introduction of technology to the real estate sector has made real estate transactions easier, faster and more efficient. For example, whether you’re looking to buy or rent a home or you’re an agent trying to sell one, pulling up listings to browse on your phone or tablet is the way to go these days.
In this article, we will take a look at 5 changes technology has made to the real estate industry.
Augmented and Virtual Reality
Traditionally, before any real estate transaction can be sealed, the buyer/seller have to go to where the property is located for inspection. But with the introduction of technology to real estate, the buyer/seller do not need to be present in the location of the property to inspect the house/land. They can do the inspection from any part of the world and it will be as if they are present; thanks to virtual reality.
Website has changed the way real estate agents do business. These days, real estate agents just list their properties online for the world to see. And the world do not only see it, they also interact with the agent by rating, liking and commenting on the website where the property has been listed on. They also see other people’s reviews which help them make a better decision.
Customer Relationship Management (CRM)
The introduction of customer relationship management has help reduce the work load on real estate agents. With CRM softwares, agents can now keep track of emails, calls, and the progress they have made with prospects. Also, with CRM softwares, an agent can get a clear sense of his/her pipeline, and quickly identify the areas where action needs to be taken. Once a deal has been won or lost, the agent can easily report on results and use that data to forecast revenue.
Internet Of Things(IoT)
Internet of things has changed the way we live and communicate on daily basis, Through the internet of things, technology now lives inside non-technical things like doors, light switches, locks, and more.
Once you have systems and sensors in place, every action a tenant makes becomes a data point that can be used to improve their experience.
Drone is another technology that has change the real estate industry drastically by helping real estate agents take quality pictures of their properties. Drone tech helps real estate agents sell properties more than they did before. With it’s dynamic 360 degree aerial shots of the properties, You clients is definitely going to fall in love with the pictures your house.
Technology has changed the way business is done in real estate industry for better. From taking pictures of properties, to listing of properties and also to communication between agents and investors. And it is just getting started.
We @Bethel realtors & Mgt remain your one plug for buying well documented and problem free plots of land in Ibeju-lekki Local government area, Lagos state.
To own a plot of land with us, contact us on 08131691155, 09024554979 Or visit our head office Suites 201 & 202 Akord shopping mall bogije, Ibeju-lekki lga, Lagos state.