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Technology Trends that are Changing the Real Estate Industry

Are you looking to buy or sell a house but first want to know what the market looks like and how you could go about doing this in the new digital age that we are living in? Have you ever wondered just how the real estate industry has changed and adapted to an online world and what they are doing?

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The real estate industry is an incredibly competitive one and is also growing at an incredible rate. This industry is a major component in the world’s economy so it is expected that it would change and adjust to suit the new online lifestyle that most people seem to be living these days in this digital era.

Just like with any other industry, the technology trends impact this one too, and they have taken great advantage of this to give their clients the absolute best experience possible while still being online. Technology has made it possible to buy houses in different countries, and connect customers with real estate agencies, such as Top10RealEstateAgent, and it is now possible to be connected with a buyers agent in Brisbane, even if you are on the other side of the world. If you are wanting to know how the industry has adapted, or what you should be keeping an eye out for when selling or buying your house, here is everything you need to know.

Automated platforms

When thinking of purchasing a home in the past, one would imagine reading through a newspaper of real estate listings, seeing something you like, and then calling the real estate agent or agency responsible for that property. You would then need to go to the office of the real estate agent, talk about the property, and then arrange a viewing of the premises.

In today’s day and age, this is completely different. Potential buyers can visit a website advertising a variety of properties, and view all of the information necessary about the listing. On these websites’ users are able to see photos of the property, find out how many rooms it has, whether pets are allowed or not, how big the garden is, and more.

In addition to all this, many real estate agencies have developed apps, which function in the same way that the websites do, but offer a lot more convenience.

Virtual tour - Real Estate

3D virtual tours

Buying a house is a very big deal and you always want to be absolutely certain that it is the right house before purchasing it. This means that if you are considering buying a house you should always go and look at it in person and go through the multiple checks required to make sure everything is up to your standard. However, this can be a very lengthy process and can be incredibly time consuming, especially if you are going from house to house, and looking at multiple different places.

One way that the real estate agency has capitalised on the fact that technology is ever evolving, is that they have introduced 3D virtual tours which allow clients to view as many houses as they want, all from the comfort of their own home, without having to move around or travel anywhere. It is important to go and see the house that you like in person though, just to make sure it is up to scratch and what you are expecting.

Blockchain technology

a new addition to the online world, and something that a lot of websites’ online places have introduced, especially online stores or places where you have to make use of private or personal information, is blockchain technology. Essentially what blockchain technology is, a technology that allows for private information to be kept on a series of servers and change from server to server making it practically impossible to hack into or delete.

Blockchain technology is incredibly useful when it comes to the real estate industry because of the fact that buying a home is such a personal transaction but it is also an incredibly large transaction and it is important when paying for something so big online, that your information is kept safe. Blockchain technology ensures that a transaction goes smoothly and that nothing goes wrong.

Block chain technology has made it so that people can connect much more easily, and transactions can be made much more transparent, secure, and equitable. It is no surprise that the real estate agency has started adapting to this new digital world and taking advantage of all of the technology that it has to offer.

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