Real Estate Technology
What Does Real Estate Technology Have to Offer?
The technological world has never been as exciting as it is now. This point is undoubtedly true for the real estate world, especially as more people are going online to find real estate properties and other sale points.
You’ll find an assortment of outstanding real estate technology trends that are changing the industry. But what makes these trends so intriguing is that they could bring about a significant sea change in the industry. These include trends that might create a dramatic disruption in the industry, similar to what Uber was like to the taxi industry.
You’ve got many real estate tech trends to consider when you’re building your business. Whether it entails reviewing trends or making transactions simple or secure, you can find real estate tech functions that fit your needs.
But you have to note what fits in your business if you wish to make the most of your real estate tech. You can ask us at ShoreAgents to help you implement whatever tech functions you wish to utilize in your business.
Real Estate Technology Trends
Internet of Things
Will Tech Support Real Estate Businesses or Destroy Them?
Real estate technology has been growing in prominence over the years to where there’s a concern over whether real estate agents can survive. Some companies are trying to get rid of their agents, as they want to get the buyer and seller to come together without a go-between.
You’ll find many companies that help people buy and sell homes themselves. ReDIY is one of the more popular websites in Australia that helps people sell or lease properties without an agent. Zillow is another prominent business in the United States that helps people buy, sell, and rent properties.
Technology is helping businesses to simplify how they provide properties and how they help people manage their assets. But it may also make some positions obsolete, especially for agents.
What Disruptors Are Out There?
You’ll find many companies that are actively disrupting the real estate industry. They are using technology to change how people buy and sell or manage properties. These disruptors could be to the real estate industry what Uber was to the taxi industry.
You already read about ReDIY and Zillow, two services that are actively disrupting today’s market. But many other contenders allow people to search for homes. Online home search and listing services help people find properties on their terms. They are not as reliant on an agent, but rather on their judgments. These websites give people the power they desire when finding new homes.
Other disruptors will focus on specific aspects of the real estate field. Some disruptors are willing to acquire homes from people without much of a review. Offerpad is one example, as it can provide an offer to purchase a home within 24 hours. You could also partner with the Offerpad website to list your property on the market, especially if you feel you could earn more money on your home.
But some forms of technology are allowing agents to keep working. UpNest provides a service that analyzes real estate agents who are interested in supporting real estate transactions. You can enter your data, and you’ll then find agents who might want to serve you. You’ll receive commission and refund quotes from a few of these agents in a few business days.
How Much Tech Do You Need In Real Estate?
You can utilize technology if you have a real estate business, but you have to note what is suitable for your business.
You have to use a few steps when figuring out what real estate technology you wish to incorporate:
1. Assess what you need right now.
What functions do you need assistance in managing? You might require help communicating with people, or you might need a program that can help you compare investment opportunities.
2. How much value is the tech you wish to include going to add to your business?
Not all technology is necessary for a business to utilize. You might not have enough of a database for Big Data use, for instance. Check on what you could do with the available tech, and see if it is reasonable to add something to your business.
3. Is the money worthwhile?
Not all businesses will have the money necessary for using technology. Check on how much you’d spend on your tech items of interest. You should only spend money on whatever you know you can afford, plus whatever you are comfortable supporting.
You’ll have control over everything you want to get out of your real estate tech, but it’s up to you to see what fits your business. Every tech feature you wish to incorporate should be simple and functional. It must be relevant to your work, while being something you utilize on occasion. Having the power to handle all these things on occasion is a must for your success.
Ask Us For Help With Your Real Estate Technology
Do you need assistance in getting real estate technology to work for your business? You can ask us at ShoreAgents to assist you. Our offshore real estate virtual assistants can help you implement various real estate tech platforms that fit your work demands.
Our team will analyze your business and figure out the best real estate tech solutions you need. Whether it entails virtual tours or a chatbot or an online platform, we’ll help you find plans you can trust. Our service is affordable and will fit your budget, plus you can check on our rates for services before you start working with us on your project.
Contact us at ShoreAgents to see what we can provide for your needs. We’ll assist you in planning a real estate tech setup that fits your business. Your real estate technology plan will be easier to follow when you have the right help on hand.