Technology Trends To Overpower Real Estate Market

The Real Estate Technology Trends in 2018
The real estate market will have a phenomenal transformation in 2018 in respect to the implementation of latest technology trends.  Property management has become more efficient and easier in the recent years than ever before due to the development of more online tools enhancing the user experience, more advanced & accurate searches, streamlined transactions and countless high-value, time-saving measures. The year 2018 will be a year of technology taking charge of all real estate business operations and serve your clients in a more efficient manner. Some of the most used technological asset and systems employed this year in real estate world includes,
Chatbots
Chatbots is a computer program that conducts a conversation via auditory or textual methods. Chatbots are designed to simulate how a human will behave as a conversational partner and the trends for Chatbots will increasingly emerge in 2018 as a powerful tool for customer service and real estate generation tool. Chatbots will save on customer service costs and optimize time spent answering questions by allowing a virtual assistant to answer common queries that don’t change from customer to customer.
Artificial Intelligence
Well speaking of Artificial Intelligence it’s making huge waves in real estate world by helping to generate sale leads and handling customer service effectively.  Real estate investors can set income and growth goals and have them monitored by an intelligent robot that can access investor’s risk parameters and make adjustments to assist investors in meeting the desired goals. Artificial intelligence can be used to predict loan defaults thereby increasing the investor’s profit and making the risk assessment process more efficient and focused on higher profitability. Deal-Matching is also getting more hype in real estate market and now real estate investors can set their investment criteria and be notified when a deal matches the desired criteria. Now an investor can simply set any criteria on the dashboard and a list of properties matching those criteria pops up.
 Proptech is a new technological tool developed to help builders and property developers automate the material purchasing process that allows them to purchase the best quality raw materials at low price possible. By letting robots handle material acquisition, construction companies can cut down a major chunk of expense and increase profits using Artificial Intelligence (AI). Artificial Intelligence can be used in property management to monitor when the critical maintenance systems are ready for replacement and the technology can also be used to keep an eye on rentals in different geographical areas and raise the rentals when lease period expires. Artificial intelligence in the field of real estate investment can impact hugely by cutting down costs, increase returns and manage risks using automated systems.
Virtual Tours, Drone Technology & Augmented Reality
We are all attracted to visual images & house photographs before we want to buy it, Isn’t that so? There are three important technologies that will be blow-up in the real estate market this year. The first is 3D and virtual tours. It is just a tour to a home inside-out to showcase how a home would look like when fully constructed. Many real estate companies are now employing 3D technology to show you a real walkthrough and drone technology allows aerial view/images of homes that is increasing in demand. So drone technology would mean hiring professional photographers to click aerial images of luxury villas before the client makes a final purchase. Augmented reality is software used by real estate companies who wish to sell a house in need of renovations because then augmented reality will portray a fresh image, letting the customer view how the house will look like after it is refurbished.
Big Data & Optimized Websites
Big Data will be big in 2018 so all the real estate consultants/ realtors need to have comprehensive knowledge about the housing market and keep themselves aware of real estate market trends to go forward. Optimize your website and enhance your brand! Customers only work with real estate sellers or buyers who have market knowledge and professional expertise to guide the investors and help them catch a lucrative plot deal. Make sure your website homepage is SEO optimized so that any user who searches for property on a search engine can see your website emerging on top. Make your website more user-friendly and interactive with well-composed content/blogs to boost the referral traffic.
Technology has taken over a real-estate market and within the next five years everything will be controlled and operated digitally.  So yes the role of technology & artificial intelligence cannot be ignored in today’s era.
For more technology updates and information contact Apex Group because we keep you informed about every tiny change that goes around in the property market.
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