The year is 2015 and John Smith wants to purchase a home for his family. John walks into his kitchen and starts a dialogue with his home computer management system, asking to be connected to among the numerous Internet search engines for real estate. The AI assistant interfaces with its networking grid and instantaneous speed select a list of available homes and instantly downloads the streaming data for immediate review while Mr. Smith dons his Virtual Glasses and takes a guided visual tour of the homes and neighborhood, without actually leaving the kitchen. The transferred program then uploads a tour of selected houses on the onboard GPS navigation navigational system, plotting the best routes on the best days, and schedules access and showing appointments with the prospective home sellers agents.
In case the buyer didn't discuss a realtor representative, a list of licensed realtors is suggested for consideration. This suggested agent list is based on the DISC character traits of the purchaser and linked to the corresponding traits and expertise of licensed Realtors servicing the specific geographic area. The Simulation Realtor Representative or Subscriber Identity Module for short is introduced throughout the virtual home tour, downloaded as an avatar of today's popular IM personalization. In the conclusion of a GPS navigation guided home tour, the buyer is offered terms and disclosures along with incentives and the programs from a wide range of lending institutions based on prescreened and accessible credit information.
With the simple affirmation of the voice command Buy, electronic contracts and closing documents are drafted in cyberspace and inspectors and experts are scheduled, with binary data flowing smoothly to title companies and legal offices for electronic document preparation and review. By the time John Smith and his family have pulled back into the driveway in their hybrid fuel cell car, an electronic sales contract has been prepared and accepted, the mortgage loan is in place, movers are scheduled, the dry varies have been notified, and the local post office has scheduled the forwarding of the mail. Tomorrow's technology, when applied to buy real estate, will set forces in motion which allows the buyer and agent to direct the complexities of today's real estate purchase transaction with the dexterity to light a light switch.
How will the realtor and mortgage lender stay a necessary part of the real estate transaction when a lot of the services numerous reasons for their representation offered today will be eliminated by future technology? How will realtors keep a competitive edge and protect the ever-shrinking sales commission? These are popular regions of concern for the veteran agent and also the rookie who just graduated from Champions training. The introduction of the Internet in the 1990s and the growing success of online real estate companies such as eRealty and ZipRealty, coupled with discount realty brokers have given potential buyers and sellers more options to the previously traditional listing\/selling agreements.
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