The Realtor/Real Estate of the Future

With the Tampa Real Estate market and Tampa Foreclosures market going thru change, I am often asked what does the future hold for real estate.  Coming from an Engineering background and attempting to come up with a Real Estate scenario, Virtual Homes, Virtual Open Houses, Virtual Brokers Open, Virtual this, Virtual that are all on the list.  3-D Tours with virtual reality will be the thing of the future.  I believe that Real Estate is moving into a new era of combining sophisticated computer software, and Real Estate Sales.  Maybe the Realtor of the Future will need to be a Software Salesman, or maybe a Webmaster Guru.  Whatever the future holds, I believe that Technology and Real Estate are coming to a collision point.  It’s easy for me to say this because I have an engineering mind and would love to see this happen…whether it does or not is another story.

So here are my prediction in the next 5 years:

1. Buyers will rely more heavily on computer software to evaluate a home (virtual open house, virtual home)
2. Buyers and Sellers will no longer meet at a Title Company or Attys office and most of the closing will be done via online Video and online Transaction management
3. Realtors will be able to monitor in real time any and all inquires regarding a property (yes, Realtors will still be needed)
4. Buyers will be able to place all of their furniture, change colors and check out the growth of vegetation around the property and how it will look over the years
5. Buyers will buy more homes without even stepping in the front door!

These are just a few of my predictions…only time will tell if they will come true of not but I have seen some of these ideas/concepts on the horizons…what do you think the future holds…and are you ready for it?

~ by ToughGuy on May 20, 2008.