Though most people still can’t afford to buy a home in the real world, investors are investing millions of dollars in buying up virtual land in fake ones.
Usually, a real estate agent offers a long list of properties to the client. Later come with explanations, negotiations, and finally the real-life visits to houses and apartments. This workflow has the same process for periods, but in fact it’s tiresome and time-consuming not only for agents but also for consumer as well.
The influence of VR technology can benefit real estate agents to grow their business, get more clients, and deliver the best services. The idea of investing millions on non-existent land may sound absurd but predictions of virtual reality in future are bringing investors to bet on virtual real estate.
Use of Virtual Reality in the Real Estate Business
For many people, virtual reality is connected with video games and entertainment. This technology has a huge prospective in the real estate industry. We have selected the most common uses of VR in this circle.
Virtual Property Showcases
Normally, clients visit many properties before deciding on which they want. This requires more time and things get difficult if a property is far from where a client lives. However, visiting a property is not only takes more time but also can be expensive.
VR technology helps to resolve these problems, letting millions of people virtually visit properties staying in their homes. Simply placed on a VR headset you can experience an immersive, three-dimensional list of properties. In a minute, potential buyers or renters can virtually visit lots of locations and decide which benefit for the person.
There are two types of Virtual Tours:
Guided visits: It looks like promotional videos but is fully virtual. Guided visits are seamless for existing properties as they are quite simple to create, and you just need a panoramic camera to capture 360-degree video. For 360-degree videos, no erudite rendering is needed. Also, your clients should wear a VR headset
Interactive visits: This lets users select where to move in a property by clicking on special hotspots in the field of view. Creating interactive virtual home tours is more complex, but they are more collaborative than guided 3D virtual tours so you can more efficiently show properties
Though staging is the best way to market properties, it requires investment, particularly if you are selling newly developed properties. Virtual reality is a great way for realtors to market staged properties with a little bit of investment.
VR lets you create stunning 3D real estate tours and get properties staged; accordingly, your clients can check them out.
Marketing a property that isn’t created yet has always been a challenge for real estate developers and agents.
When it comes to the interiors of these new creations, real estate agents create big showrooms with full-scale models of apartments. Point to say, these marketing techniques require huge investment. Virtual reality can efficiently solve this problem and allow prospective buyers to wisely check both the exterior and interior of yet-to-be-built properties.
Virtual Instructions for Tenants
Virtual reality technology assists landlords to communicate efficiently with tenants. Tenants can easily place on VR headsets and experience 3D virtual tours. This takes little time, but due to the immersiveness it can be very helpful.
Benefits of VR Technology in Real Estate
Though you know some useful customs of virtual reality in the real estate industry, you might still have doubts as to whether it’s worth it and have a look what at benefits doe’s virtual reality provides to real estate agents.
This may be the main benefit of virtual reality solutions as this reduces the time for both clients and realtors. Thanks to VR, clients can simply put on VR headsets and enjoy immersive three-dimensional tours.
Virtual tours of houses and apartments help your clients imagine each property. Unlike traditional visits when everyone is urgent, potential buyers can make use of VR home tours which is useful and can focus their attention on the information.
Real estate agents know pretty well how much time each client requires. Arranging appointments, presenting properties, negotiating terms, and prices all of these tasks are extremely time-consuming, so it’s no wonder that the average realtor works with a relatively small number of clients.
Virtual reality assists you to save more money by making use of the power of 360-degree videos and computer graphics. Today, making a guided video tour around a property needs just a panoramic camera and basic rendering.
Sense of Ownership
Pushing clients to make a purchase or sign a rental agreement is the most challenging task for real estate agents. When VR home tours come in handy, they let clients virtually visit properties when they want and for as long as they need. This found a sense of personal connection and ownership.
Virtual reality technology has already initiated to change the real estate industry. However, real estate businesses are providing virtual tours for some of their properties. More real estate agents are expected to follow outfits and use the benefits of VR to make their work more effective.
The simplest forms of virtual home tours are available to any realtor. As for more immersive and refined VR experiences, there are more businesses that can help real estate agents to create them.