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How Mobile Communication is Affecting the Real Estate Industry

By
Services for Real Estate Pros with The DotLoop Company

If you’ve been in real estate for more than 20 years, heck, even more than 10 years, then you’ve undoubtedly noticed the drastic change mobile communication has brought to the industry; making it faster paced and more efficient.

Here are some ways in which increased mobile communication is affecting the real estate industry:

  • Mobile phones – It’s pretty rare these days to find someone that does not own a cell phone.  In fact, many people have done away with their
    home phone or land line because they find it easier to use their mobile phone for everything.  Moreover, a mobile phone isn’t like the old car phones where it is permanently adhered to the car.  Rather, mobile technology acts as a consolidated platform of the various ways people consume media, that just so happens to have a phone attached.
  • Text messaging - Even before smart phones, text messaging was quickly becoming the preferred way to communicate via mobile phone.  The short message service allowed for instantaneous communication between agents with their respective buyers and sellers quickly and conveniently.
  • Smart phones – More and more people are adopting smart phones because the functionality allows them to check their e-mail, surf the Internet, play games, take and send photos, etc.   If you have a smart phone, think about how you use it – most likely when you’re bored waiting to see the doctor, waiting for your car to be serviced or even when you are sitting on the toilet!  Clients are no different and therefore have more and more opportunities to check properties and make decisions instantaneously.  They also can take a photo of a property and send it to you – making you, as an agent, have to be on top of it at all times.

When you look at all the points above, you can see how mobile communication has affected the real estate industry and how technology is moving the industry into a faster-paced environment.  However, one thing that seems to continue to be a source of frustration the signing of documents for the sale of a property.  

However, with the innovative DotLoop platform that is no longer the case.  DotLoop brings everyone together – the buyer, the seller and the real estate professionals involved – with its collaborative workspace where users add, adjust, approve, and electronically sign documents.

DotLoop addresses the challenges of security, efficiency, and overhead costs in today's real estate industry by providing all parties with a collaborative workspace where deals get done.  

 

Comments (2)

Sheila Newton Team Anderson & Greenville SC
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989

I have been in for over 20 years and remember when there was no cell phones or computers... How DID we do it?

Feb 23, 2011 04:42 AM
Phil Leng
Retired - Kirkland, WA
Phil Leng - Retired

Hi

I started real estate in 1981.

I remember forcing my office to use the thermal paper on line listing feed. No pictures - just one line per listing. But it beat the book by days! That was our version of instant messaging back in the early 1980s.

I am thrilled that Keller Williams has added DotLoop to their collection of technologies powering the eedge system.

Phil

Feb 26, 2011 11:12 PM