Influence of Technology in the Real Estate Industry

The Best Investment on Earth is Earth — Louis Glickman

Technology is definitely a stimulant for change in several areas of business. The commercial real estate (CRE) market is no anomaly here. Property professionals believe technology grants a new dimension to their business (and their competition). As a reaction, the entire CRE industry is adapting. It’s quite easy to operate businesses anywhere across the globe using the latest technologies. New tools link you to better potential consumers and target buyers/sellers than ever before.

Technology is actually bringing down the obstacles between potential customers and real estate owners.

A new survey shows that technology is paving the way for success in the real estate industry. A few years ago, the biggest problem in the real estate industry was looking for listings online. Today, CRE search portals are pervasive and buyers are able to access listings online and with more targeted searches than ever before.

Smart devices and smartphones are the greatest source of inspiration for speeding up the entire real estate process

Real estate apps help consumers discover the perfect commercial properties. These apps feature immersive photos and maps with local amenities and neighborhood information. These real estate apps also allow you to get instant alerts when a new property hits the market. Real estate documents and data update in seconds, at any time, from anywhere.

More brokers and clients have access to real estate technology than ever. These technologies increase transparency and expose consumers to a wider array of properties. By making comparisons easy, technology leads to faster, cleaner transactions between agents and customers.

The challenge for real estate pros is getting transaction tools and data to work in harmony. Delivering the data customers’ need, when they need it, makes commercial real estate easy.

• Real estate technology makes deal flow smoother
• CRE technology making peoples’ lives easier
• Apps that deliver real-time data will drive more business to brokers and lenders

Innovations in software, design, and mobile applications will continue to make real estate easy. Brokers will be more prompt, efficient and effective in performing their duties than ever. Technology will help all parties involved stay more connected to their clients.