virtual reality in real estate
Virtual Reality

How Virtual Reality In Real Estate Is Creating A Win-Win Situation

Virtual Reality is all set to transform the process of buying and renting homes. You can now save a chunk of time you had to put in for traveling between prospective homes with your realtor. More and more adoption of Virtual Reality in real estate firms is already proving to be productive for millions.

In the modern world, there is a constant need to move either in need of jobs or to cut down on expenses. Whatever the cause maybe, it becomes incredibly significant to identify the perfect place that fits all your needs.

Then suddenly there are a lot of hidden traveling costs, hours or even days being washed away in traffic. After going through all this, you may end up not being satisfied with any of these shortlisted homes.

Currently, the best we can do about shortlisting homes is to look up some photos. However, photos can’t do all the justice to the place. Photos vary depending on perspectives; rooms may look larger or smaller depending on how the photo is captured.

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Experimenting With VR

Now, what if you could walk through a property without hitting the road. All the countless hours you would have to pour in for this can be used to accomplish great things. Implementation of Virtual Reality in a real estate is all about making this possible.

This life-like simulation of interior spaces enables you to assess the property in a short time. On the other hand, the realtor can show this property to many other customers from far off places and increase sales. Hence, VR in real estate creates a win-win situation for both the buyers and realtors.

Revolution Brought By Virtual Reality In Real Estate

2016 has already been the year of Virtual Reality (VR). With the success of VR and AR initiatives, these are set to become a $150 billion industry by 2020.

Identifying their disruptive potential, industries are leveraging VR tech to add that modernization edge into their brands.

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Though the initial beneficiaries were the gaming and film sectors, the education and training, sports, health and tourism sectors have now joined the party. There are already umpteen numbers of startups working on enhancing the suitability of VR in real estate.

On the other side, the ergonomics of virtual reality headsets has improved greatly. Nowadays it is easy to put on of these gadgets and visit exotic places like the Moon or Mars. If you haven’t already read about it, our article on 10 incredible uses of Virtual Reality will get you all fired about.

There is Still Strengthening To Do

Undoubtedly, there are several advantages VR brings to the picture in real estate. However, this technology is still expensive and it might take few more years to close real estate deals in VR. With VR specialist companies like Matterport, developing tech geared towards real estate VR simulation, we can expect large-scale accessibility in the next two years.

One thought on “How Virtual Reality In Real Estate Is Creating A Win-Win Situation

  1. Jason says:

    Great article; Appreciate the insight!

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