Real estate is going change rapidly because of the new and exciting technologies. In fact, the change is going to be so quick that many real estate agents will be out of a job. The reason for such morbid prediction is the fact that the information that real estate agents provide is available online and accessible via a mobile phone. A buyer can search recent transactions and other variable to guess a fair market price for the house he or she is attempting to buy. Moreover, one can easily find out any other type of information such as a the walk score and the stores near buy without ever setting foot in the neighborhood
The remaining real estate agents will be the ones that actually can provide the buyers with information that is not available on the internet. They are trusted and they do provide added value other than open the door of properties on sale or do open homes. These real estate agents will continue to thrive in environment that is increasingly adopting technological. Virtual reality for real estate will eventually lead to the demise of the agents because potential buyers do not need to physically visit properties to get a real sense of what they are buying. This technology enables the buyers to experience the property as if though they were on site. In addition, the technology is only improving. Thus, making the experience much more immersive. Most technology companies are betting on augmented reality and virtual reality. Oculus, a leading virtual reality hardware developer is owned by social media giant Facebook.
Virtual reality for real estate makes visiting they home much easier and buyers can visit a lot of properties just by using a headset. Many real estate expert will argue that they human element cannot be completely omitted from the equation. However, they tend to forget that buyers are the millennials and they are much more open to using technology and they consider the web to be a regular market place.The day real estate agents will not be needed as much in nearing. Real estate marketing sales and marketing techniques are changing. The client will be free to choose and will no longer rely on the knowledge of the real estate agent.