on 12 December 18
Technology imitates nature but strives to make lives even easier for the dwellers of this planet. On the one hand, technology makes lives easier for individuals by taking the hassle out of their lives. On the other hand, it helps businesses by providing them bigger and better opportunities to serve their target markets. Real estate industry has benefited from technology amazingly in the recent years. Real estate technology has served both sides of the industry i.e. real estate businesses and customers. Below is a list of technologies and ways technology has had a great positive impact on real estate industry.
MLS stands for multiple listings service, sometimes called multiple listings service as well. If you browse online for properties today, you will find out that you have access to more properties than you could have imagined. This has been made possible through MLS. Multiple listing service is when the real estate brokers come together for cooperation. They facilitate each other by helping sell each other’s property. The main idea behind this type of service is that one broker wants to help another broker so that broker can help this broker when the time comes. In simple words, broker A helps broker B sell his property and in return, broker B helps broker A sell his property. They showcase each other’s property on each other’s website and will put their client in touch with each other when the need arises. As a result, a buyer has hundreds and thousands of properties to choose from and a greater chance of finding what he/she is looking for.
Virtual Tour Software
How cool can be the idea of seeing your house from inside and out before it is even built? This is what the 3D animation and virtual tour softwares are doing. If you are a broker who wants to boost his sales of properties, you need this software as soon as possible. Using these software tools you can create a virtual animation of your client’s house or commercial property and then show this property to them from every possible angle on a smartphone or computer. To make it even better, you can use VR (virtual reality) headsets to make them feel as if they are really inside the house. This is a revolutionary step for real estate industry as you can boost your sales significantly by making use of this software. It even helps buyers take a tour of properties that they personally cannot visit due to very long distances.
Online crowdfunding is the use of internet to get in touch with investors to help convert your property into a profitable business. Endvest.com is the best example of how crowdfunding is helping the real estate industry buyers and investors. A website like endvest.com gives real estate investors the access to some of the biggest and potential real estate projects from around the world. On the other side, this website gives businessmen and real estate property owners to get investments for their projects from potential and well-established investors.
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