Virtual Reality is the New Real Estate?

By
Services for Real Estate Pros with Immediate Home Solutions

With the trials and tribulations that are going on today and with Social Distancing in place, technology has taken over with more and more people being forced to "stay at home" and states that are slowly reopening.  What's happening to real estate?  

The "New Norm" has changed people’s perception of the what's happening and has been bringing about an entire new climate for real estate today.  

Virtual reality real estate, which can be somewhat characterized as a computer-simulated environment when someone is looking at a home is really taking hold right now. Since it's first introduction, it has helped out real estate agent's immensley during this time. 

Virtual Reality has changed the way that many people look at real estate today.  After an agent has sent their client all of the properties that may work for them as their new house, with the technology today, they (the client) may be able to see the houses and what works for them in one day without leaving their current place of residence.  

To be able to get a one of the best experiences with virtual reality, you need a secure network and maybe even a virtual private network.  With an interactive guide of the homes by the agent, the client is able to view the interior and exterior of the property without having to travel there.

In many ways, virtual reality is helping some to reshape the way real estate can be viewed.  Below, are some of those ways.

 Virtual Reality Glasses

Virtual Reality Property Showings

With the technology today, a client doesn't have to physically visit several properties before picking the one that they want or like the most.  When they find the one that they like, then they can go and physically look at it.  This saves lots of potential wasted time for the real estate agent and the client too.  The client can now visit these homes without having to leave theirs.  This is especially true in the current enviroment. 

Costs

The cost of getting one of these headsets varies, but the real estate agent could get a more expensive one and then have their client use it while in their (agent's) office or lend it out so that the client can use it at their home.  The real estate agent can also meet the client at their residence so that they are with them while the 'viewing' is going on so that they can answer any questions that they may have.  This can go beyond pictures and video tours and make the client part of the home experience.

Virtual Staging

Imagine as the real estate agent  you're presenting a house in this case, it's vacant) to a client, the house might look great for them, but since it is empty the client might not have the vision to see what could go where or what colors work best. Honestly, most clients have no real vision at all.  Virtual reality transforms that vacant, empty house to a well-furnished house and thus helps the buyer to be able to associate more with the property. Architecture visualization

Marketing a property has always been a challenge for many real estate agent.  When it comes to interiors of these properties, real estate agents can always use a little extra help.

Virtual Staging

Thanks to the technology of Virtual Reality, visualization has become a lot more immersive for the client. Real estate agents can use this technology to show the entire property (both inside and out) so that the clients can get an idea on what they might be able to do. 

With some of these things in mind, the future does look brighter and maybe a little easier for the agent.  If the client doesn't like the color of the current furniture in a property, perhaps through the use of VR, they can change the color and the placement of that furniture.

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With Enthusiasm,

Jeffrey M. Richman

 

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Rainmaker
866,378
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

Never thought of Virtual Reality headsets! That's fantastic Jeffrey Richman That would be cool to experience. Great post

May 17, 2020 08:02 AM #14
Rainmaker
936,378
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Interesting post, have not seen anyone promoting VR technology locally for seeing homes as yet. But, I can see it coming.

May 17, 2020 09:01 AM #15
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Doug Dawes,

It's been around for a little while, but I really do think it will help

May 17, 2020 09:32 AM #16
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Nick Vandekar, 610-203-4543,

Just because we don't see it, doesn't mean it's not around.  It's just a matter of time before it's here if you haven't seen it yet.

May 17, 2020 09:33 AM #17
Rainmaker
936,378
Nick Vandekar, 610-203-4543
Long & Foster Real Estate Inc 610-225-7400 - Devon, PA
Tredyffrin Easttown Realtor, Philly Main Line

Jeffrey Richman I have seen a couple of my younger clients having them at home, but not experienced one yet. Sure they are out there and someone will work out how to adapt them to real estate use.

May 17, 2020 09:46 AM #18
Rainmaker
2,165,147
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jeffrey Richman - times of need have always fueled breakthrough and this time is no different.

May 17, 2020 11:09 AM #19
Rainmaker
1,021,527
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

I enjoyed your post and thank you to Kathy Streib for featuring it.

Technology has been part of my real estate since I got my license in 1999.

It began with a website and a laptop with a wireless modem the size of a walkie talkie, which 21 years ago was a big deal in our industry.

It's not new to real estate, only the tools are. But let's face it, everything we're using today, we were using in 2019, nothing is different except the elevated need and use of it by those that had resisted it. No brag just fact, I'm working exactly the same today as I was in 2010, 2015 and March 2020. The only difference is masks and PEAD (COVID) forms.

May 17, 2020 11:21 AM #20
Rainmaker
111,576
Kris Collis, Associate Broker
Smart Way America Realty - East Stroudsburg, PA
Professional Results you Expect 702-574-8102

Love virtual staging.  Many are looking forward to a return to the norm of building relationships without the distancing.

May 17, 2020 02:18 PM #21
Rainmaker
1,385,514
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Jeffrey Richman - My husband does all my media and we are talking about getting the software we may need to stage a home virtually.  

I really don't think that this replaces an actual hands-on visit but it definitely gets them into the door.  I have always felt that the first showing is on the web. Without a good presentation, you will never get a second in-person showing. 

May 17, 2020 07:19 PM #22
Rainmaker
3,385,682
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  I can see why Kathy chose to highlight it this week!

May 18, 2020 07:28 AM #23
Rainmaker
2,178,988
Sharon Tara
Sharon Tara Transformations - Portsmouth, NH
New Hampshire Home Stager

We are so lucky to have the options and the technology that we currently have during this unbelievable time we are living in.

I'm fine with the virtual tours as a way of eliminating and narrowing down to final choices, but I wouldn't buy without seeing a house in person. No matter how good the virtual vision is, it can always be very misleading.

 

May 18, 2020 07:32 AM #24
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Nick Vandekar, 610-203-4543 ,

I hope that you get the chance to see one soon, they are already out there for real estate and can be something to experience

May 18, 2020 07:37 AM #25
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Grant Schneider ,

This is definitely a time of need right now...

May 18, 2020 07:37 AM #26
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Thomas J. Nelson, Realtor e-Pro, CRS, RCS-D, Vets ,

It's good that you were on the forefront of technology.  It's important to be able to stay above the curve.  You are correct, not much has actually changed, it's just the tools that are used more.

May 18, 2020 07:40 AM #27
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Kris Collis, Associate Broker ,

Virtual Staging seems to be a neccessity at this current time, but it might be a trend that continues...

May 18, 2020 07:41 AM #28
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Sheri Sperry - MCNE® ,

Nothing actually replaces being there, but I feel that this may be a good first step.

May 18, 2020 07:42 AM #29
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Kristin Johnston - REALTOR® ,

I'm glad that you enjoyed this and hope that I can write more that you can enjoy

May 18, 2020 07:44 AM #30
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Sharon Tara ,

This seems like a good first step, but there are many who won't "pull the trigger" until they actually see the real thing.

May 18, 2020 07:46 AM #31
Rainmaker
471,881
Steffy Hristova
HomeSmart Elite Group Tempe AZ Tel: 480-966-9353 - Tempe, AZ
Tempe AZ Realtor - Your Home Close to Your Work!

Hi Jeffrey,

I liked the virtual staging ideas - you have selected a terrific 'before' and 'after'. The Buyers are getting a designer view of the space. The two windows-like mirros add so much to living room, what a great idea. 

May 18, 2020 02:00 PM #32
Rainmaker
407,548
Jeffrey Richman
Immediate Home Solutions - Waxhaw, NC
Creative Real Estate Specialist

Hi Steffy Hristova,

I'm glad that you like the idea and I'm glad that you liked the before and after picture.

May 18, 2020 05:56 PM #33
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