The real estate market is ever-evolving and it can be
challenging to stay on the cutting edge, especially when it comes to technology.
Yet technology is all around us and it affects the way we do business – our culture, efficiencies and client interactions.
Overall the real estate industry has been slow to embrace change, preferring the traditional way of doing things.
However digital technologies and advanced analytics are helping industries achieve more.
Hundreds of listings are posted every day, but innovative companies are moving past the standard photos. Using technology that is readily available, real estate firms can provide a 360-degree view of a building. This allows the client to view every inch of the property and determine if it is a good fit – even before they set an appointment.
Demand for services is up, how do you keep up with the demand? In this digital age outsourcing is gaining more popularity as a way to keep costs down and yet be able to provide top-notch service to clients. Bringing on the
right outsource team can provide a real estate firm with a pool of talent, quality data resources, better efficiencies for management and improved exposure for their client’s properties.
Digital technology is changing the way we do everything, including streamlining the real estate transaction. Clients can now have everything at their fingertips – from centralized storage of the documentation, critical timelines for due diligence, along with the ability to sign agreements electronically. This speeds up the process and keeps all parties on the same page.
Blockchain has a lot of hype surrounding it, but it has the ability to transform how real estate transactions happen. It was created as a token system based on bitcoin and other cryptocurrencies. However, it is the transparency and efficiency that it brings to a real estate transaction that makes it so unique. Blockchain makes it possible for the parties to complete a transaction in less time with far less chance of fraud.