How Technology Has Revolutionized Realty?

Remember, how you used to rummage around the piles of classified advertisements and asked the friends, family, and relatives, to find that home of your dreams? Or that strain of chasing the realtor you squandered with the token money, which later on proved to be futile? To rescue from this cumbersome course of finding a dream real estate, the technology has showed itself to be the coveted savior. Day after day, the new realty websites & apps are launched and beyond-belief constructions are built to allay the real estate buyers, sellers, and brokers. Scroll down to have a brief of how the technology has opened up a whole new world of possibilities for the real estate:

No more do the buyers seek for the “For Sale” or “To Let” billboards, and the months of hustle to gather information is ancient history. The technology has remodeled the way real estate is conveyed to the consumers and the means by which the consumers manage the general maneuvers.

*Real Time Information
The future of real estate will be driven by the real-time data that combines the information drawn from the copious sources combined with their own wise insights and makes the buying, renting and selling procedures far more transparent by:

• Offering the users a leeway of picking the kind of locality and property they want to invest in, and access the real-estate trends accordingly.
• Keeping the users up to the snuff with all records of the property as well as the latest changes via notifications, texts, and emails, straight on their mobiles or other preferred gadgets.
• Directing the users to structure the persuasive offer or reach a negotiated price for giving them a leg up over their competitors.

*Augmented Reality For ‘Realty’
The real estate industry is pushing its envelope by using the ground-breaking technology, ‘Augmented Reality’, which gives a whole new definition to the visual interaction and offers the better sense of the property to the users by:

• Offering a full-blown 3D tour of a property or the construction site right on the mobile device thereby, giving the property’s details such as the price, total area, site, distance from the current location, listing owners, and more.
• Breathing life into the vacant piece of land or the under-construction property and showing how it would appear after the completion.
• Tenuously monitoring the developments at the construction site, without paying a physical visit.

*Round-The-Clock Access
The technology has transfigured the industry to the point that the users no longer need to wait till they reach their desktops set up in the homes or offices to fetch the real estate information by enabling unperturbed 24/7 access from their very mobile devices for:

• Unearthing the information about the property and check for its web listings on the ubiquitous realty websites and apps.
• Exchanging the documents and information safely and quickly between the clients, brokers or other members, at any place and time, by the means of mobile tools and cloud.
• Raising the queries or making the requests and getting the subsequent responses in seconds, without any glitch.

How Renting, Buying And Selling Process Has Changed?
Nobody is oblivious of the internet and technology’s effect on the modern life, with the far-off friends coming closer, love happening online, interviews taking place on Skype, and mobile screens becoming the shopping malls, so how could the real estate industry lag behind! By way of the technology, gadgets, and the internet, renting, buying and selling of the real estate has become more of an electronic experience.

*Modern Era Classifieds
The technological innovation for real estate has made it possible for the investors and realtors to lay their hands on the unidentified property markets and lure the customers by marketing through the different platforms of the purchase channel such as:

• An active & relevant profile on Social Media platforms like Facebook, Pinterest, and likes, updated with the good mix of real estate content, has proved to be a splendid source of traffic and engagement with the potential clients.
• A Blog Post is a great medium to spread the word about the property listing, in which the insights of the owner and the highlights of the property are included.
• A Video Tour is also a remarkable strategy of promotion by giving a sneak peak of the virtues of real estate property and attracting a large number of potential buyers.

*Changing Roles Of Realty Agents
With the aid of technology, the buyers are able to complete much of their groundwork online thereby, forcing the traditional real estate and letting agents to stay relevant by offering the superior services such as:

• Interpreting the property that the client has found online, by conducting the necessary inspection as well as meeting every legal regulation.
• Helping the sellers to polish their property before it is put to show in the market, by offering the gamut of services like consultation, staging, professional photography, etc.
• Serving the clients to get the online listing for their property on the premier realty websites through their extensive network and connections in the industry.

*Easy Transaction Management
The technology has sped up the real estate transaction process and enabled the users to acquire their dream property effortlessly by facilitating:

• The easy latch onto the documents and reports relating to the rent, sale, accounting functions and more, integrated through a Cloud-based apps such as Dropbox, Evernote, etc. so that the buyers, sellers, and brokers remain in the same ballpark.
• The convenience to make an offer for the lucrative real estate deal at any hour, from the comfort of the home.
• The paperless deals between the agents and customers wherein the parties can review the property inspection reports and sign the documents using the e-signature technology via apps like DocuSign, etc. without being physically present.

How Property Type Has Changed?
Previously, the lives were simpler and so were the preferences of a real estate owner; the people considered a fully-furnished home to be the ultimate luxury. However, as the technology intertwined with the lives, it changed the way of living, working and even the aspirations from the construction and operations of the real estate thereby, affecting the real estate’s overall desirability quotient.

*Inventive Spaces
With a lot of futuristic things in buzz, it’s no surprise that the modern real estate is getting its share of tech upgrades paving a way for the affordable intelligent dwelling to the entirely revolutionized smart homes, which sounds almost fictional. Few of them are:

• ‘Smart Automated Spaces’ that are outfitted with the sleek features and inventive products and systems, which help to remotely lock/unlock doors, mechanically turn on the central heating or cooling, or distantly monitor the premises via a single iOS or Android app.
• ‘Green Buildings’, created out of the inventive techniques and materials, are growing in demand owing to the lower operating costs, lesser energy consumption, better indoor air quality, enhanced durability as well as the earth-saving features.
• ‘Apocalypse-Proof Constructions’, are fabricated by such innovative and resilient materials and technology that provides unparalleled strength and durability to the structure, and the guarantee of safety to subsist the toughest environmental calamity.

Surely, it’s no exaggeration to say that the tech boom has changed the old-school foundation of the real estate, from the very way we do things to the choice of property; everything has undergone a drastic metamorphism. If these new websites, apps, gadgets and innovations are effusively embraced, then the whole journey of the buying, selling and renting the real estate in India will become smooth sailing for the buyers and realtors and those who pay no heed to them risks obsolescence.

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