6 Ways Technology Can Improve the Real Estate Business

By
Real Estate Agent with Daily Real Estate Update

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We see technology improvements every day. Technology is very important in our everyday lives, and the world would not be the same without it. Since most of us try to move with the time and use the benefits that new tech innovations, we simply don’t recognize the changes that technology made to the world. For people who are in the real estate business, they must be aware of how these tech devices can help them.

The astronomical difference that tech brings us to the world will never stop. People are always focused on finding new ways that can make our lives easier. That is why in this article, we will find out some of the ways technology improves our everyday living without us paying too much attention to it.

  1. Improved Healthcare System

The biggest benefits of technology are seen in healthcare. They go together like peanut butter and jelly. Nowadays, it is hard to imagine battling diseases, epidemics, complicated operations, and treatments without technology. The innovations do not stop, and we’ve seen various technological improvements in healthcare in the last year alone. 

You may be wondering? What does it have to do with real estate business? Well, besides contributing to your own health, mental and physical, it is a factor that many of your clients will be looking for. If there is affordable and technologically advanced healthcare in that area, it is likely that they will be eager to move in to the designed neighborhood where you are trying to sell them a house.

Simple things like applications or wearables allow us to monitor everyone’s health status by measuring pulse, blood sugar levels, blood pressure, and etc. There is also no need for registering every diagnostic on paper since most of us already have a digital medical ID where all our files are stored.

  1. Smart Cities

Yes, technology moved on to the cities. It is time we advance the way we travel and reduce the environmental impact or building consumption of natural resources with technology. Transportation is also improved with new high-speed methods of traveling, and the eco-friendliness is also increasing. 

Thanks to technology, now we can lower the consumption of electricity due to smart systems that control street lights. We cannot imagine modern living without smart cities that communicate with us in order to provide the best possible experience and for real estate sellers, who work in cities and urban areas, they are a delight. 

If the city has effective technologically advanced means of transportation, that might be a factor to convince your client that they are in the perfect neighborhood.

  1. Safer Online Presence

In this digital world, it is very hard to control what is going on, especially on the internet. We need technology in order to protect our digital footprint and privacy. Nowadays, there are various payment options that allow you to transfer money anywhere you like in the world. 

However, companies are continually working on improving the payment method in order to make it a safer place for people. Since everything is digital nowadays and you use your credit card for everything, good encryption is essential for keeping all your information safe.

As technology improves, real estate business is getting more and more online, with advertising in social media being essential to keep relevant. These technological advances and cybersecurity are also very important to keep track of your privacy and your clients data.

  1. Better Communicating

Communication technologies are what bring this world together. Huge benefits that were not imaginable in the past are now available for people. For example, we can now work from home in a company placed in a different country,thanks to technology.

Tech companies are always trying to improve communications in the world with new technologies such as the 5G Network. Also, fast internet speed allows us to have a video conversation without any interruptions.

  1. Reduce Wasted Resources

We need to take care of our planet just because we don’t have another. Technologies provide control of the use of resources as well as recycling in order to make the most out of the materials we have. Technology has a big environmental impact, and it leads to more efficient everyday living. 

We simply don’t realize that simple things like eBook readers will reduce the usage of water and trees to make paper. Newspaper companies consume 153 billion gallons of water each year to produce newspapers, and nowadays, we can find everything online, which means there is no need for newspapers.

Real estate sellers must be aware of their footprint in the planet and try to pass this sustainable idea to their clients. Recycling bins and renewable energies might be a factor to weigh for some clients.

  1. GPS Location Tracking

Technology has massively improved navigation, which is an important part of our everyday lives. It is much harder to get lost or hear a horror story about GPS navigating into a dead end due to more accurate map readings. There are also small GPS chips that you can put on your valuable items in order to prevent them from being stolen or lost.

These are some of the ways technology improves our everyday living that we simply don’t notice, especially useful for real estate sellers. We have large information at our disposal that we can access with few clicks. 

From tracking the Kentucky Derby latest odds in Twinspires.com app, to going grocery shopping online, it would not be possible without technology. There are thousands of other examples for the benefits of new technology innovations that apply to real estate sellers and investors and all we need to do is being informed and open our minds.

 

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Rainmaker
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Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

Hi Samuel,
Nice overview of how technology continues to improve our lives. I do hope online security gets better! The person who discovers a way to eliminate scammers will my forever hero.

Feb 14, 2020 06:18 AM #1
Rainmaker
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Samuel John - not question.  We are so dependent on technology and are lost without it.

Feb 15, 2020 04:11 AM #2
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good morning Samuel. The world is a different place than it was even 20 years ago and so too is the business, except for the fundamentals.

Feb 15, 2020 05:14 AM #3
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Jeff Dowler, CRS
eXp Realty of California - Carlsbad, CA
The Southern California Relocation Dude

Hi Samuel:

This was an interesting and insightful read. Technology certainly has changed how we live and communicate in life and in business, and no doubt there are even more significant changes ahead.

Jeff

Feb 15, 2020 02:37 PM #4
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Samuel John

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