While the residential real estate business has been around for years, it’s now a lot different than it was decades or even a couple of years ago. And the reason? Use of technology! Like other fields, residential real estate services have also started using technology to buy and sell homes. Technology can help real estate agents do their work more efficiently by attracting more potential buyers, generating valuable leads, and finally sealing the deal.
Do you want to know some digital technologies and tools that residential real estate services use to sell houses? Here’s what you need to know.
Estimated Home Value through Machine Learning and Big Data Algorithms
It’s no secret that home buyers, sellers, and real estate agents need to know the exact value of a property before buying or selling it. In the past, these real estate agents used to calculate this value by considering the market fluctuation and other factors, but now, they can do the same through technology!
Machine learning and big data algorithm allow real estate agents to gather information about factors that can impact a home’s value, including the current market, past selling history, the original price of the property, any renovations, and more.
Real estate agents can then use this data to get a closely-estimated value of a house before putting it on the market. The correct pricing will help home sellers get clients quickly while making stellar profits. In addition, real estate agents also use this big data to make predictions like how fast a house can sell, helping them guide their clients better.
Virtual Tours (And the 3D Camera Upgrade)
The era of touring houses yourself is behind us! After all, why should you travel to a house and tour it physically when you can do so while sitting on your couch? Traveling long distances to see a house is still one of the significant concerns of homebuyers, especially those looking to switch cities or states.
However, residential real estate services have overcome these barriers by giving buyers a virtual tour of houses for sale. Realtors can use a 3D camera or software so buyers can experience the best virtual tour. Virtual house tours also save time and money, as neither the real estate agent, nor the potential buyers will have to visit the same house multiple times.
Websites and Other Platforms for Online Home Searching
No one has the time to look at home listings in newspapers today! Therefore, residential real estate services create websites and mobile applications for people looking for suitable houses. Usually, these websites have numerous innovative features, simplifying the home buying process.
This includes the features of filtering searches by area, size of the house, or the neighborhood. Moreover, some residential real estate services also add information about property taxes and the neighborhood’s demographics on their website. Oh, and did we mention that they also have HD pictures and 3D tour videos, attracting more buyers?
In addition, real estate agents can now sell houses through multiple platforms, including social media websites, and Google Ads. Real estate agents can use these social platforms to attract as many potential buyers as possible.
Signing Documents Online
The house selling process is more than just looking for a buyer. Once someone decides to close a deal, a lengthy document drafting and signing procedure follows. Most residential real estate services have to create paperwork from scratch, print those documents, sign them, and send them back and forth through emails until the seller and buyer are satisfied with the contract.
But like all other things, technology has only simplified the paperwork. Several online software allow people to sign real estate deals remotely. Residential real estate services can prepare a contract and share them with both parties, who can then sign these documents whole they’re on their smartphone. This technology has eliminated the burden of lengthy, complex paperwork, allowing smooth, fast transactions of residential real estate properties.
Try Residential Real Estate Services in Fayetteville
Are you looking for a real estate broker that uses the latest technologies to sell houses? Try Phillip Fehler Realtor Northgroup Real Estate, where a residential real estate agent in Fayetteville will help you sell your house at your desired price.
Moreover, these real estate services in Fayetteville, North Carolina, attract many homebuyers through their state-of-the-art website. Reach out to them or sell your house in Fayetteville by listing it on their website.
About the Author
The author, affiliated with Phillip Fehler Realtor Northgroup Real Estate, is a real estate agent in Fayetteville, NC. He has helped many people sell and buy their dream houses through his expert realty services.
