Smart Real Estate Tech Trends of 2018

We live in a world surrounded by technology that is constantly advancing and making our lives more efficient. This year, there has been a lot of debate around technology disrupting the Australian real estate industry.

This ongoing dialogue has been shaped by the persistent changes we are seeing in consumer behaviours. Its hard to consider that individuals working in real estate would need extensive amounts of technology around them to succeed in daily tasks, but it’s true.

For the past decade, new technology companies that solely focus on real estate products and services have moved quickly, forcing traditional firms to rethink their business models and embrace the new technological innovations.

Here are the top-most real estate tech trends that are taking 2018 by storm.

1. Virtual reality

Virtual reality , also known as VR, is a computer generated software development that conjures up experiences through senses and perception. Although this is not something you would directly connect with real estate, it is becoming more accessible to the industry.

Properties are being showcased to prospective buyers who are able to tour the desired properties from anywhere at any time. Indicating that the property in question is open for tours 24/7, which ultimately decreases the properties time on the market, as well as freeing up the agents time.

2. Real estate robots

Many modern customers expect immediacy when it comes to communication with agents. This is where new trends of real estate such as robots have originated from. They not only provide remarkable customer service with little to no delay, but they free up time to focus on other aspects of the job.

Robots such as 'voice bots' may be able to ease the procedures and process within the office and assist with the purchasing of new property. This new advancement triggers messages based on answers or keywords to provide the best assistance possible. In addition to them helping customers, they can also help you! Virtual Assistants such as Alexa can help you manage your workload. You can ask them to perform tasks, create reminders, manage your calendar and more. Real estate robots are a new trend this year, but how long will it be before it takes over?

3. Automation

Automation is another big trend in the fold in 2018. There are many real estate tasks that are now being automated, from invoice processing to property maintenance. In order for businesses to remain competitive, it is important for you to see technological advancements as advantages. In the long run, this will free up your time to develop your business.

Smart technology, like Bricks+Agent allows real estate companies to get quotes from trade professionals, complete work orders and improve client relationships without creating more work for employees. Smart technologies like this are designed to improve team efficiency and drive businesses into the future.

4. Peer to peer communication

Peer to peer communication is how businesses have strived for decades and now due to the development of the internet and social networking sites, it has never been easier to make deals with no middle man. This is, unfortunately, a large threat toward the industry as many companies are limiting the amount of information they share to hold onto the peer to peer contact.

5. Enhanced mobility

Another trend that is taking the industry by storm is the need to perform faster. Whether that be in response time or technological advancements, speed is important. Not only are consumers acting quicker when they are away from the internet, real estate individuals are also acting faster by using technology that makes them work faster and more efficiently, such as property maintenance software. This type of responsive technology is becoming more and more important in a already competitive market.

No industry or business is immune to modernisation and real estate is no different. This is why it is important to keep your finger on the pulse of change and to keep your eyes on the new technology flooding the industry. It might just work for you! The purpose is to help prepare real estate companies and other organisations for the future by keeping them aware of the new trends.

Wondering how technology can help your business and team to deliver exceptional service to your clients and tenants? The team at Bricks+Agent are developed a property maintenance solution to get your teams working smarter, not harder.