With the changing tide of residential and commercial real estate being ever-evolving, real estate professionals are looking to stay on top of industry trends and technology innovations. From property portals to virtual tours and drone views, the list of real estate trends is growing. And in this article, we’ll take a look at some of the top real estate technology trends for 2022 that are going to revolutionize the market.
What’s Happening in the Market Today?
In order to achieve success in their target niche, real estate professionals need to become proactive and ensure their digital presence. So whether you’re on social media, YouTube, or other online property portals, you need to engage with your audience on a daily basis to ensure close contact and loyalty of your target audience. So when you’re online, you need to be active and engage with your prospects and buyers. Don’t just stay on the sidelines and hope that they come to you. Keep up with the latest trends and happenings in your local real estate market by using innovative technology.
Real estate technology tools continue to develop at an alarming rate. So the technology has to be adapted to the evolving real estate industry, and real estate pros need to be prepared to adopt the new trends to ensure a successful career in real estate. So, without further ado, here are the top real estate trends for 2022 that keep the industry rolling.
1: Virtual Reality in Real Estate
Virtual reality has always been seen as the next-gen tool in real estate. This technology is finally coming to the forefront as most of the larger real estate corporations are currently experimenting with this technology. Virtual reality is going to take real estate to the next level, and it’s all due to the advancements of VR headsets and virtual staging spotless solutions. This technology allows you to walk around a property in 3D, explore it, and even make offers on it. Virtual reality is just one aspect of the future of real estate technology as many agencies will begin selling pre-foreclosed and bank-owned properties using this technology.
2: Artificial Intelligence in Real Estate
Artificial intelligence in real estate is one of the newest trends in real estate technology. This technology uses AI to automate different tasks within the real estate industry, and it does a lot more than you would expect. For example, many real estate technology companies are already using AI to analyze and help with the mortgage process, help with the pre-approval process, and assist with real estate investing. Once this technology becomes widely implemented and more affordable, we can expect to see a lot of changes and innovations within the real estate industry.
3: Augmented Reality in Real Estate
Another technology that will soon be available in the real estate industry is Augmented Reality. AR is going to be used for so much more than just displaying property information. Real estate agents can already use this technology to show house numbers, maps, videos, and more in a 3D format. AR technology is going to be used for marketing, showcasing real-estate objects, as well as for assisting buyers. AR technology is already used in stores to assist buyers as they are walking through the shop, and that is just the beginning.
4: Geolocation and Tracking
GPS technology is a core technology within the real estate industry. A few of the major technology providers in real estate are Apple, Google, Microsoft, Samsung, and Sony. As you may have already seen with Google Glass, Apple devices, and even the Google Home, there is a constant effort to advance the capabilities of this technology. You will be able to use your real estate agent of choice, for example, to access a website and see how far away they are from your property.
As time goes on, you will see more and more real estate agencies using this technology as we continue to drive more to the future. Once this technology becomes commonplace, there are some interesting applications that can be implemented. For example, you could allow buyers to send home inspections directly to your site using real-time tracking. This would allow you to see what problems buyers are encountering as they walk through your property, and you could easily contact them before the problems are too severe.
5: Robot Homes and Home Automation
The home automation industry is growing very quickly and has already reached the tipping point as people want to save money on their utilities and want to cut down on their carbon footprint. The average person that moves into a home wants the most modern convenience possible and home automation will meet these expectations.
Robot homes are not a fad; this is a reality. We have already seen a few companies begin to pioneer this industry and this trend is only going to grow as technology advances. In many ways, home automation is the new hot technology in real estate. Many new real estate objects today have all the bells and whistles that people have come to expect from homes.