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How Technology Impacted On Real Estate Sector

By Author: jaipall
Total Articles: 3

The Great impact of technology on real estate sector with smartphones and internet advancements in few ways.
Marketing & advertising
In the past, many real estate companies relied solely on the traditional way of marketing, but in the wake of our increasing use of technology, they have had to adapt their marketing and advertising strategies. In India, current property boom has swept up a brand new technology for consumers who are less interested in traditional newspaper advertisements and face-to-face meetings, who prefer tech-savvy techniques like virtual inspections and live-streamed auctions. Experts say it will never completely replace the importance of personal interactions when selling, buying or leasing a property. Instead, the best agents pair the latest technological advances in marketing campaigns which ensures their clients get the better visibility of their services both in traditional and online.
Bringing Predictive analysis
In India real estate is influenced and affected by different factors like demographics, Interest rates, economy, government policies and subsidies similarly another factor that plays a significant role in bringing disruption in the real estate market is technology. Technology is getting better at predicting property values, both currently and in the future, analytic that predicts property prices based on economic factors, such as interest rates, unemployment rates and so on.
Virtual House hunting
With the help of digital technology searching for a home in any place has become much easier. In the past, only a few sites and companies had access because it was very costlier. Now many websites are providing immediate results on a variety of analysis. The most recent trend that could have a dramatic impact on real estate industry is virtual tours (video). Most of the real estate companies focused on virtual tours which really help buyers to look property by sitting at home. It saves time and cost for a person to visit a property physically. Surely with the help of virtual tours, buyers will get a realistic view of the property.
Buying
From beginning to the end, designing concept to construction until distribution technology has opened doors. Technology helps people to buy and search homes in online and remains without having to move around physically. This ease has introduced to the real estate sector in the past few years is great to look. This is the convenient way for customers within and outside India to sharpen up their available options while simultaneously benefiting from spot deals, offers, and discounts.
Home buyers in next generation have grown up buying and selling everything online, from clothes and shoes to televisions and cars. Accordingly, they’ll want to buy a house online too.

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