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5 Ways Technology Is Changing Real Estate

5 Ways Technology Is Changing Real Estate

“Do you know that online real estate listings through dedicated sites started with Realtor.com in 1995?”  For millennials, the very idea of limiting access of listings to one outlet is absurd. It’s Millennials that make up the largest portion of entrepreneurs who are uniquely skilled in using technology for marketing, education and finances.

Let’s face it, the industry is in the midst of a changing-of-the-guard and the innovations that the Y Generation is introducing will change the way property is presented, researched, marketed, sold and how agents roles are bound to be redefined.

Here are 5 ways that technology will impact the Real Estate industry:

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1. Virtual Reality

Probably the most exciting and useful tool that will be joining the real estate industry is VR. Clients will be able to view a property by walking around virtually inside a property.

They’ll be able to experience the scale of rooms, locations, sizes of windows, look into cabinets, climb into showers to make sure the shower head is high enough and walk out onto the patio or deck to check out the neighborhood.

2. Online Mortgages and Investing

Already there are several companies providing complete online mortgages. Not only does this save on paperwork, a client is able to know how much money he will have for a mortgage and what kind of down payment will be required.

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Additionally, investing in real estate can be made easily through such companies as Wealth Stake and crowdsourcing. Over the last year, crowdfunding sources have invested more than $215 million in properties.

3. Internet of Things

Technology has gone to the level of hype- connectivity affecting local and global real estate markets and the expansion in the IoT field already is occurring rapidly. Companies in New York City are enabling realtors, agents and owners the ability to monitor a premise in real time. Buildings are able to send out reports on the status of equipment, utility interruptions, security features and control building temperature.

Technology can directly call the police or fire department, contact companies to schedule repairs and automatically lock down a building or portion of a building when specific triggers are established.  Other technology is sending data when there are openings from the size of one seat to an entire floor in commercial buildings and malls that are available for sale or lease.

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4. Apps and Instant Notification

Mobile apps are the latest of tools that are used to notify both agents and clients of the latest properties to hit the market, including the comps for the area and the ability to virtually check out the neighborhood amenities.

Apps can also direct a client to a particular agent who can arrange a tour- on-site or virtual – at a time convenient for the parties concerned.

5. Changing the Role of Agents

Since Realtor.com went online in 1995 for customers and agents across the world to learn about properties to buy, lease or invest in, the role of agents has been gradually and continuously changing to remain relevant.

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What this means to the realtors is more directed customer responsiveness and service.  Currently, many clients are still dependent on agents to assist them with the best options in financing, closing deals and negotiation.

This doesn’t mean, however, that agents can neglect doing the same research that they would if clients lacked access to all the information about a property that most are doing on their own already. Agents will need to be as informed as their clients in order to gain their trust and establish a relationship.

The changes that technology is making have made locating, financing, investing and overseeing any property readily accessible to clients, investors and agents.

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Tanvir Zafar

Software Engineer at GCUF

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Last Updated on September 20, 2018

How to Stay Calm and Cool When You Are Extremely Stressful

How to Stay Calm and Cool When You Are Extremely Stressful

Being in a hurry all the time drains your energy. Your work and routine life make you feel overwhelmed. Getting caught up in things beyond your control stresses you out…

If you’d like to stay calm and cool in stressful situations, put the following 8 steps into practice:

1. Breathe

The next time you’re faced with a stressful situation that makes you want to hurry, stop what you’re doing for one minute and perform the following steps:

  • Take five deep breaths in and out (your belly should come forward with each inhale).
  • Imagine all that stress leaving your body with each exhale.
  • Smile. Fake it if you have to. It’s pretty hard to stay grumpy with a goofy grin on your face.

Feel free to repeat the above steps every few hours at work or home if you need to.

2. Loosen up

After your breathing session, perform a quick body scan to identify any areas that are tight or tense. Clenched jaw? Rounded shoulders? Anything else that isn’t at ease?

Gently touch or massage any of your body parts that are under tension to encourage total relaxation. It might help to imagine you’re in a place that calms you: a beach, hot tub, or nature trail, for example.

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3. Chew slowly

Slow down at the dinner table if you want to learn to be patient and lose weight. Shoveling your food down as fast as you can is a surefire way to eat more than you need to (and find yourself with a bellyache).

Be a mindful eater who pays attention to the taste, texture, and aroma of every dish. Chew slowly while you try to guess all of the ingredients that were used to prepare your dish.

Chewing slowly will also reduce those dreadful late-night cravings that sneak up on you after work.

4. Let go

Cliche as it sounds, it’s very effective.

The thing that seems like the end of the world right now?

It’s not. Promise.

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Stressing and worrying about the situation you’re in won’t do any good because you’re already in it, so just let it go.

Letting go isn’t easy, so here’s a guide to help you:

21 Things To Do When You Find It Hard To Let Go

5. Enjoy the journey

Focusing on the end result can quickly become exhausting. Chasing a bold, audacious goal that’s going to require a lot of time and patience? Split it into several mini-goals so you’ll have several causes for celebration.

Stop focusing on the negative thoughts. Giving yourself consistent positive feedback will help you grow patience, stay encouraged, and find more joy in the process of achieving your goals.

6. Look at the big picture

The next time you find your stress level skyrocketing, take a deep breath, and ask yourself:

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Will this matter to me…

  • Next week?
  • Next month?
  • Next year?
  • In 10 years?

Hint: No, it won’t.

I bet most of the stuff that stresses you wouldn’t matter the next week, maybe not even the next day.

Stop agonizing over things you can’t control because you’re only hurting yourself.

7. Stop demanding perfection of yourself

You’re not perfect and that’s okay. Show me a person who claims to be perfect and I’ll show you a dirty liar.

Demanding perfection of yourself (or anybody else) will only stress you out because it just isn’t possible.

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8. Practice patience every day

Below are a few easy ways you can practice patience every day, increasing your ability to remain calm and cool in times of stress:

  • The next time you go to the grocery store, get in the longest line.
  • Instead of going through the drive-thru at your bank, go inside.
  • Take a long walk through a secluded park or trail.

Final thoughts

Staying calm in stressful situations is possible, all you need is some daily practice.

Taking deep breaths and eat mindfully are some simple ways to train your brain to be more patient. But changing the way you think of a situation and staying positive are most important in keeping cool whenever you feel overwhelmed and stressful.

Featured photo credit: Brooke Cagle via unsplash.com

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