How Is Phone Technology Changing Real Estate?

By
Mortgage and Lending with Olympus Labs

Without a doubt, technology has had an impact on every industry and this includes real estate. In the past, real estate agents would have clients come to them with almost no knowledge regarding the state of the current market. Now, all of this is changing. The real estate industry has had to adapt quickly to changing times and this includes the growth of certain types of phone technology including spy phone. In days prior to online listing and virtual tours, almost everything had to be handled face to face. Instead, there is a massive shift in the way people are going about buying and selling homes. In order for real estate agents to survive this shift, they need to stay up to date with how phone technology is changing the market.

First, there has been a tremendous uptick on mobile searches for certain information regarding real estate. Brokers and associates who might not spend time updating their websites to fit mobile searches might be left behind. When people are looking for real estate agents to help them, they are probably going to use their phones first. Websites need to be friendly for mobile devices in order to get noticed by potential clients. This is going to make a huge difference in business for real estate agents.

Next, the ability to access information remotely is a major switch. Whether someone is checking for similar home listings or simply trying to complete a sale, much of this can be done on the phone. This is a tremendous shift in the real estate industry when compared to how things used to be done. Even legal documents can be signed in a remote manner.

In addition, virtual tours using phones are becoming a major issue. Particularly given the wave of COVID-19, many people are still looking to move but might be hesitant to take a look at certain properties in person. There are mobile apps and devices that real estate agents can use to provide someone with a remote tour. This represents a growing trend in the real estate industry.

Finally, social media is playing a major role in how real estate agents promote themselves. It is important for all firms to have a strong social media presence. They need to post information regularly to advertise and market themselves. This might even include a virtual tour, new listings, or fun announcements that might be relevant.

These are just a few of the many ways in which phone technology is changing real estate. In order to keep up with the changing times, everyone has to work hard to adapt to mobile technology. Phones are going to play an important role in the future.

Comments (1)

Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning David. Truer words never spoken for the successful agent today. Enjoy your day!

Jul 26, 2020 05:47 AM