HOW TECHNOLOGY IS CHANGING REAL ESTATE

It is officially the digital age. You can see it all around you – flip on your television for a few minutes and look at the commercials. Intel is constantly debuting something new and there’s always something new to see from Apple. The world is becoming more and more dependent upon technology, and thus industries have to adapt with the times.

One huge asset of technology is the speed at which it gives us all data. No matter how silly or serious it is, information is readily available at the touch of a screen. You can get the latest viral YouTube video sent to you in the same amount of time it takes to look up cancer symptoms.

This principal is present in the world of real estate. Brokers and investors can quickly
receive information about tenants, look at investment statistics and even design properties in ways that have never been available before. Real estate used to be a harder business – imagine the state of the industry in the 1800’s. No tablets, no iPhones, no email. With each era comes big changes, and the ones currently being experienced in real estate are almost as big as the invention of the telephone.

Buying & Selling 

It’s never been easier to buy and sell properties. Both the person who wants to sell a house and the person who wants to purchase it can communicate easily through texts and snappy emails sent on smartphones. They can converse while one is in another state and the other is standing in the lawyer’s office, finalizing the transaction.

The faster and easier it is to buy and sell property, the more properties that can be bought and sold. With more speed and easier, clear channels of communication, the process of real estate exchange is made better for everyone involved.

Overall Communication 

The ability to easily communicate with others is the dream of a building manager. When someone is managing a property, they constantly have a full plate. In the olden days of pad and pencil, scheduling in appointments on smudged calendars, meetings were missed and the entire process of fixing and handling tenants was slowed. Now things are much easier. A problem can be pointed out and handled within the span of an evening thanks to cell phones and the Internet.

Financial Information 

The world of real estate investing has drastically improved. With access to crucial information via the Internet, it’s now easier for investors to find the info they need to make informed investing decisions. Online tools and apps now make tracking data and investment earnings much more streamlined – the time spent managing finances has now become much more valuable.

More investors and money flowing through the real estate market is good news for everyone, and by that we truly mean everyone. Real estate market cash is good for the overall economy, so the easier this process is, the more everyone wins.

Technology is truly an asset that should be utilized in the real estate industry, and the proof is in the virtual pudding. The online real estate world is vast and valuable, helping investors both new and old find success every single day.

Written by Jason Gordon