Real estate companies have evolved over the years. Agents, vendors, property owners, and buyers are now turning to emerge technologies to show prospective buyers their assets in the most attractive way. The real estate market has grown by 75 percent in the last five years. It is the second-best-performing sector and is likely to thrive for decades ahead. Real estate companies have quickly adopted drone photography as it offers a real-time 360-degree outlook of the property and its surroundings to potential buyers.
Most real estate professionals have adapted and leveraged modern technology and gained immense profits. Real estate has gone through a bad phase. Now that aspects of the real estate industry are normalizing, things are returning to the pre-pandemic era. Technology advancements have pushed innovation right in the middle of the real estate sector. Home buyers are shown drone video clips on ongoing projects to save the time spent visiting the property.
Before signing the deal, buyers now digitally shortlist their favorite properties and visit the top 3 sites. As a result, the physical viewing of the property has suffered a setback in the last few years. Post-pandemic many realtors have evaluated their properties and have started using drones to capture 3D videos of the properties. Investors are willing to purchase if a property catches their eye and offers safe returns.
Current Trend In Real Estate
Irrespective of the trend, every industry should willingly adopt the new technology if they wish to thrive in the marketplace. Adapting quickly to market changes might give you the edge you need over your competitors or established brands. The trend reflects real estate exhibiting a significant boost in demand in 2022. The general market has a more favorable opinion towards the residential market than the industrial. The scarcity of residential units has given the market a steep rise of 5 percent, which increases the capital value. The property sale momentum continues to grow from here onwards.
Digital House Hunting
- The real estate sector is projected to develop in the coming few years. Real estate is adapting trends such as virtual reality, 3D modeling, and real estate drone videos and photography.
- Virtual reality is imperative as the world today is moving at a faster pace. Buyers are already shortlisting properties and finalizing deals by having a virtual tour or viewing real-time property photography. People don’t have time for house hunting. Virtual reality eliminates the in-person viewing session and gives you a real-time view of the property you are interested in.
- 3D modeling is another way to display your property without having a physical presence. A working model of the property is another excellent way to give clients an idea of what they can expect in a deal.
- Drone photography is one of the most loved and requested options, as it gives you a complete view of the property and can be monitored at your convenience.
The recent fad in the real estate market is known to grow exponentially. The future is poised to develop in the coming years. Factors such as demographic shifts, market pricing, buyer behavior, and the project’s overall cost affect multiple touchpoints. Hiring a drone photographer or videographer specializing in real estate can do wonders with sales. Professionals can combine state-of-the-art technology with advanced photography knowledge to provide high-quality images and videos that capture the essence of the property. These high-quality outputs are bound to attract the attention of potential buyers and help you get the sale deed signed faster.