Technology Advancement in Real Estate
Technology is all around us. There is hardly a field left in life where technology is not being used. Technology is progressing at a very fast pace. Old technology is being replaced by new ones. And newer models of modern technology advancement are coming out every day with their brand new updates.
It seems like there is no end to it. However, that is a good thing. Ever since the advancement of technology, our lives have become so much easier. Things that needed hours to complete are now performed in a matter of seconds.
The more technology progresses, the more facilities we will get. People have started using technology in every field of their lives. The real estate industry has been greatly benefited by technology.
Below are the top 5 ways modern technology advancement is changing real estate.
Increased used of Artificial Intelligence
We are living in the age of information technology. Everything around us is influenced by technological advancement in one way or the other.
The real estate industry has also been taken over by technology. From searching property online to booking house tours, all of this is done using technology.
One of the most famous ways is Artificial intelligence. Don’t worry! AI is not planning on taking over our planet. It is proving to be of great use.
Robots have started giving tours to clients. This is rather new but is becoming more and more popular. And lastly, it can also be used to automate some repetitive tasks such as answering queries, analysis, etc.
Easy access to clients through social media
Social media is everywhere. It is amazing how a small device in your hand can give information about the entire world. People are starting to realize its importance and are now using it for their real estate businesses. You can contact many possible clients through Facebook, Instagram, Twitter, Whatsapp, and the list goes on.
Many companies are using it to advertise their properties. You can even have your personalized website like Riverfront residences, where you can do property listing and implement different marketing techniques to reach a wide range of audiences.
Cryptocurrency
There used to be a time when people exchanged goods as a means of trade. Then came the time of gold coins and then came paper currency. And we all know what comes next.
It is a plastic currency like our debit card. Now the human race is shifting to a newer currency. It is the digital currency, and a lot of people have started using it.
Almost 90% of the Amsterdam population uses bitcoin for all of their purchases. Cryptocurrency use in real estate is relatively new, but it is increasing at a very fast pace. Real estate companies use it to make large transactions.
Freelancing websites
People are starting to ditch their traditional desk jobs for starting freelance work from the comfort of their homes. There are so many freelancing websites like Fiverr, Upwork, Freelancer, Peopleperhour, etc. These websites have become a platform to find a lot of work.
Real estate agents and companies are also using it to find relevant jobs. Some so many agents are earning a handsome amount by working through these websites.
Virtual reality
If you plan on buying a property in a different city, then it can be very difficult to visit the property. Virtual walkthroughs are becoming very famous. Prospective tenants can view the property inside and outside.
Virtual reality tours are very realistic, and it makes you feel as if you are physically present there. This is also a very new technology advancement, and it will increase in the coming years.