How is Technology Effecting Real Estate

Posted by Gurpreet Ghatehora on Saturday, October 17th, 2015 at 12:00pm.

The real estate industry has been through a few changes recently in terms of how it is organized and orchestrated.  New technology is not only speeding up the process, it’s also making it a lot more efficient and a lot more user friendly.

Here are a few technological advances that are changing the way we see and use the real estate industry:

1) Web Searches

One of the biggest innovations for the real estate industry was the internet.  With web access, the accessibility of real estate listings climbed exponentially.  Now everyone has access to listings of homes for sale in any neighbourhood—even on the other side of the world.

2) Virtual Imaging

Back in the day, you would have to go to an open house to get an accurate idea of what the layout of a home is like.  Now, with web access, not only can you view a barrage of images of your potential home, but you may also be able to arrange a virtual tour, making home selection a lot easier for anyone who would have to travel any great distance to make the viewing otherwise.

3) Mobile Access

The home searching process isn’t the only thing that’s changed alongside our current technologies; our relationship with our real estate agents has changed as well.  Now, mobile access means that delay in communication between buyer, realtor, and seller is virtually non-existent, making for much more efficient and speedy exchanges of information.

4) Online File Sharing

Cloud Computing and Drop Box have made the real estate process much faster.  Real estate agents can now share important documents instantly with their clients, no matter the file size or distance between.

5) E-Signature Technology

E-Signature Technology is another breakthrough that has made the home buying and selling experience a lot more efficient.  Now you can even sign important documents right on your iPad.

The real estate industry is constantly changing alongside our never-ending technological innovations, and it has never been faster or more efficient.

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