The Top Real Estate Technologies to Watch Out For

Whether you are a broker or an agent, you are still hard-pressed to know about the recent real technologies in the real estate industry. New innovations will no doubt impact the way people select, buy and modify houses. There will also be technologies that will change the way real estate professionals do business.

In this sense, it’s always best to stay informed about these recent developments. One thing’s for sure, the preferences of homebuyers are changing. Nowadays, they want complex processes to be handled seamlessly, forcing agents, brokers and even investors to adapt to the changing landscape in tech.

Here’s a list of the real estate technologies you should know about right now.

In a report by The New York Times, augmented reality offers an innovative way for property owners to do home improvement projects. Home improvement companies such as countertop maker Cambria are using this technology as a means to help buyers make the right choices.

Using a mobile application, customers can select a wide range of products and superimpose them on a spot inside their homes. For instance, if you are selecting a marble countertop for your kitchen, you can simply point the camera of your mobile phone to the area of your choice. You can then select the image of your selected countertop design and place it on the area. You will then have a good view of what the countertop would look like if it’s installed.

The technology proves to be advantageous for the real estate market. Using this technology, people can make faster decisions to buy a property they like.

More than just being glorified remote controlled helicopters, drones have been used for various purposes, from defense to geo-mapping. Recently, the real estate industry is looking towards drones when it comes to listing properties for sale.

Back then, home sellers use satellite imaging to provide low resolution top view images of their homes. Today, people are using drones to produce high quality videos and photographs of their properties from any angle they wish. Moreover, this advantage can be used for home inspections and appraisals.

For real estate investors, there’s always the hassle of preparing the needed documents and conducting due diligence before closing a real estate deal. However, as much as we want to make things move faster, it doesn’t help to bypass the necessary processes for finalizing a deal.

Fortunately, investors can use deal management tools and platforms that simplify all the complex processes that make a real estate transaction tedious. Platforms such as StageXchange are already making rounds of the commercial real estate market with services ranging from underwriting management to transaction tracking.

Still, such a technology would still require human expertise. With that being said, you can hire a team of virtual assistants to ease up the workflow