The real estate industry rarely sees the advent of ground breaking technology. Mostly it just carries on the way it usually does, with little developments here and there. One technology which has the potential to completely disrupt the industry however is virtual reality and augmented reality. With these technologies potential buyers and renters can view more properties in less time.
Developers can do away with time and money hungry model homes, and can sell more upgrades to their buildings, by showing prospects different materials and finishes in real time and in minutes. Houses are proven to sell faster and for more money using virtual walkthroughs. By 2023 1 billion people are expected to be using virtual reality. Real estate professionals who do not jump on the trend now will be left behind.
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