dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Social Links
  • zedreviews.com
  • citi.io
  • aster.cloud
  • liwaiwai.com
  • guzz.co.uk
  • atinatin.com
0 Likes
0 Followers
0 Subscribers
dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
  • Cities
  • Technology

3 Ways Realtors Are Adapting To Technology

  • September 10, 2020
Suburban Houses
Total
0
Shares
0
0
0

No industry is immune to change, and the best businesses are those that are agile and flexible enough to adapt to change.

Without this ability, businesses risk becoming obsolete. The real estate industry is no exception to this role. In fact, a few decades ago, the real estate industry was a different beast. Today, technology has touched nearly every aspect of the property market.

Buyers can see a birds-eye-view of a listed property or neighborhood 1,000 miles away through drone photography. You can get all the listings in your area with just a few swipes on your phone, and even buy a house with bitcoins.

But how are realtors adapting to technology? We will look at how technology is changing the real estate industry and how realtors are adapting to these changes.

1. New Tools & Channels for Interacting with Clients

Did you know that 90% of buyers search for homes online?

With the vast majority of home searches starting online, agents had to respond by capitalizing on their online presence, while devising new ways to interact with the digital homebuyer. Technology has given rise to a slew of communication tools that have made it easier for agents to reach out to their clients online. These include:

  •     Email
  •     Live website chats like Intercom and Drift
  •     SMS texting tools like Twilio
  •     Social media messaging through Facebook, LinkedIn, and Twitter

Before the internet, real estate agents had to rely on print media—newspaper ads, magazines, etc to post listings and create awareness. Nowadays, agents can also utilize AR metaverses to promote.

2. CRM for Leads Management & Workflow Automation

According to the 2018 LinkedIn State of Sales report, 64% of sales professionals use CRM applications. Real estate agents are using CRM to streamline workflow, generate leads, and improve customer service.

Before the advent of CRM solutions, clients’ records used to be buried in file folders. Agents would carry a fat contacts book where all records were maintained.

Today, it’s a different ball game.

Real estate CRMs have completely changed the game—serving as a digital contact book, workflow automation systems, sales forecasting tools, and leads management software. Speaking of leads management, leading real estate CRMs will automatically pull in leads from over 200 sources, thus simplifying the marketing roles of agents while allowing them to work smarter.

3. The Move to the Virtual Space

The COVID-19 pandemic has disrupted the real estate industry in unprecedented ways.

With the current stay-at-home and social distancing policies in many states, it has become harder for in-person interactions between the buyer and the seller. This has forced realtors to adapt by switching to virtual property showings.

Virtual reality for real estate allows prospective buyers to walk through the property before buying—without spending time and money traveling to physically inspect the property. With virtual tours, buyers can step into a space to experience the scale of rooms and do much more.

So, how do realtors conduct virtual showings?

Many tools, like Zoom, exist that allow agents to create virtual tours of the property. The seller invites the listing agent, the buyer, and the buyer’s agent into their home virtually. Once the buyer downloads the app, they’re able to view the property from anywhere.

The Bottom Line

Real estate technology is rapidly evolving and realtors are evolving with it. With tech trends such as virtual walkthroughs, machine learning, and online marketing taking center stage in the digital revolution, any agent not keeping up with the times will be in for a rude awakening.

Total
0
Shares
Share
Tweet
Share
Share
Related Topics
  • House
  • Property
  • Real Estate
  • Realtors
dotlah.com

Previous Article
  • Technology

SGInnovate To Create More Jobs & Traineeships In Deep Tech Industry

  • September 10, 2020
View Post
Next Article
  • Lah!

TraceTogether & SafeEntry To Be Enhanced In Preparation For Further Opening Of The Economy

  • September 12, 2020
View Post
You May Also Like
View Post
  • Technology

Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how

  • dotlah.com
  • August 25, 2025
View Post
  • Gears
  • Technology

Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025

  • Dean Marc
  • August 20, 2025
View Post
  • Artificial Intelligence
  • Technology

Thoughts on America’s AI Action Plan

  • Dean Marc
  • July 24, 2025
View Post
  • Technology

ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu

  • dotlah.com
  • July 17, 2025
View Post
  • Gears
  • Technology

Samsung Galaxy Z Fold7: Raising the Bar for Smartphones

  • Dean Marc
  • July 9, 2025
View Post
  • Cities
  • Technology

Meralco PowerGen’s PacificLight starts up 100 MW fast-response plant in Singapore

  • dotlah.com
  • June 20, 2025
View Post
  • Technology

Apple services deliver powerful features and intelligent updates to users this autumn

  • Dean Marc
  • June 12, 2025
View Post
  • Artificial Intelligence
  • Machine Learning
  • Technology

Apple supercharges its tools and technologies for developers to foster creativity, innovation, and design

  • Dean Marc
  • June 11, 2025


Trending
  • 1
    • Cities
    Moshie Safdie: How To Reinvent The Apartment Building
    • September 30, 2019
  • 2
    • Society
    Keppel Donates $300,000 To The Courage Fund In Singapore
    • February 15, 2020
  • 3
    • Lah!
    • Technology
    Companies Collaborate To Explore Hydrogen As A Low-Carbon Alternative For Singapore
    • April 1, 2020
  • 4
    • Technology
    Seamlessly Delivering Data, Content And Software In The 5G Era
    • August 19, 2020
  • 5
    • Lah!
    New Batches Of Recycle N Save Smart Reverse Vending Machines Dispense A Wider Range Of Non-Monetary Rewards Or No Rewards, To Encourage Recycling For Intrinsic Environmental Sustainability Reasons
    • July 1, 2020
  • 6
    • Cities
    • Lah!
    • Technology
    Behind The Scenes | CapitaLand INSIDE Visits The Tesla Showroom ? ?
    • August 27, 2021
  • 7
    • Cities
    • Technology
    Where Are The World’s Unicorn Companies?
    • July 28, 2020
  • 8
    • Lah!
    Sembcorp And SP Group To Collaborate On An Environmental Sustainability Platform
    • October 29, 2020
  • 9
    • Lah!
    • Technology
    ABB To Electrify Autonomous Vehicles For New Port In Singapore
    • October 15, 2019
  • 10
    • Lah!
    NUS Researchers Uncover Anti-Cancer Properties In Plants
    • July 9, 2019
  • 11
    • Technology
    GovTech Licenses “SPOTON” Software To SMEs & NPO To Produce Smart Thermal Scanners
    • September 19, 2020
  • 12
    • People
    Top 7 Reasons To Start Learning A New Language Right Now
    • June 11, 2020
Trending
  • 1
    Malaysia’s ‘ASEAN Shenzhen’ needs some significant legal reform to take off — here’s how
    • August 25, 2025
  • French Fries 2
    Air Fryer: The One Cooking Appliance to Rule Them All – Best All-Around Picks in 2025
    • August 22, 2025
  • 3
    Samsung Electronics Debuts Odyssey G7 Monitors, Showcasing Top Games on Its Displays at Gamescom 2025
    • August 20, 2025
  • 4
    HP Cranks Up the Game with Smarter Systems, Cooler Builds, and Gear That Hits Different
    • August 14, 2025
  • 5
    New Trump tariffs: early modelling shows most economies lose – the US more than many
    • August 6, 2025
  • Scuba Diving 6
    Wetsuit or Drysuit? As always, it depends. This quick guide can help you choose.
    • August 2, 2025
  • 7
    Thoughts on America’s AI Action Plan
    • July 24, 2025
  • 8
    Introducing Surface Laptop 5G: Seamless connectivity, built for business
    • July 23, 2025
  • 9
    Press Start (Or Hit Enter)! Your Go-To Loadout for Streamers and Gamers.
    • July 19, 2025
  • 10
    ESWIN Computing launches the EBC77 Series Single Board Computer with Ubuntu
    • July 17, 2025
Social Links
dotlah! dotlah!
  • Cities
  • Technology
  • Business
  • Politics
  • Society
  • Science
  • About
Connecting Dots Across Asia's Tech and Urban Landscape

Input your search keywords and press Enter.