With Realty 2.0 Conference being an in-person event, we would like to assure you that we are taking all essential COVID-19 protocols and precautions in accordance with the regulations set by the state authorities. Know More
The pandemic has caused quite a stir with technological disruptions across industries and real estate is no exception. In the past couple of years, the real estate and construction industry has witnessed shifting homebuyer demographics along with emerging technologies in the sector. These factors have impacted some of the major aspects of traditional transactions - from the way properties are listed to average closing times. Many investors are wondering about what the future of real estate entails and how to adapt to these recent changes.
With an influx of capital and the creation of new digital resources, the industry, along with investors, is preparing to undergo rapid changes impacting real estate transactions, such as online property listing platforms, smartphone apps, virtual reality, and blockchain technology. In addition, the competition has increased among property listing websites - aimed at enabling existing or new property owners to buy and sell without any hassle.
Numerous studies indicate that the popularity of online listing platforms will continue to grow as it gives buyers and renters a strong idea of what they are looking for when searching for properties. For investors to stand out, one way is to join the smart home trend and add appliances along with features that are compatible with new apps. These features offer increased security and efficiency making it appealing to the tech-savvy demographic.
The development of these smartphone apps has completely overturned the real estate transaction processes by allowing professionals to sign and send contracts along with other documents on mobile phones. On the other hand, some applications allow tenants to pay rent as well as communicate with landlords through an online portal. With investors searching for ways to automate deal acquisitions, property management, and communications, the popularity of these apps and digital platforms will continue to grow.
Additionally, real estate experts are likely to launch applications relying on Blockchain technology to support the legal components of a transaction, such as the transfer of deeds or titles and sharing of important documents. The technology increases trust and reduces intermediaries when buying and selling real estate. Another tech tool that will influence the real estate world in the coming years is virtual reality. Things such as 3-D walkthroughs and 360-degree pictures are likely to gain popularity among agents, buyers, and sellers. This will enable investors to save time and hassle while giving potential buyers a new way to experience homes.
On the whole, real estate professionals and other thought leaders have witnessed the launch of new technologies (that are likely to continue in the near future) to transactions for all parties - buyers, sellers, renters, and agents. Key stakeholders should keep themselves in check of these upcoming changes as ways to make business more reliable and efficient. That’s where the Realty 2.0 Conference comes in! It facilitates the dialogue between key stakeholders and encourages them to work together towards the development of the industry.
As a valuable team member, Anurag ensures that delegates have a memorable time when they attend the Realty 2.0 Conference! The three-day event offers you the opportunity to learn about what’s new in the realms of commercial and residential real estate, property investments, leasing, and more. The conference will also highlight valuable tips on how to stay safe from real estate scams and fraudulent, fake schemes in this day and age.