The president and CEO of Diversified Investment Group, Donald Marr oversees the firm’s real estate development projects and network of agents in Europe, North America, and Asia. To inform his work, Donald Marr stays current with the technology trends in the real estate industry.
The real estate industry has seen various technology developments over the past few years, some of which include:
1. Real estate marketplaces - Several platforms exist to make buying and selling properties more accessible to a wider audience. In addition to prices, square footage, and taxes, there will be new features added to such platforms for easier navigation, faster sales, and a better experience for buyers and sellers. The use of online real estate marketplace also allows both parties to bypass hiring a realtor, thereby reducing sales costs without compromising or undermining the value and exchange of a property.
2. Virtual reality (VR) - Virtual reality is a useful tool that allows buyers and tenants to view properties conveniently. VR solves the problem of those who want to view a house or an apartment but cannot do so due to constraints such as distance and time.
3. Machine learning - With the help of machine learning algorithms, realtors and investors can gain insight into which properties will generate a high return on investment. Machine learning can be used to improve customer experience by recommending properties based on the user’s preferences and search history.
The real estate industry has seen various technology developments over the past few years, some of which include:
1. Real estate marketplaces - Several platforms exist to make buying and selling properties more accessible to a wider audience. In addition to prices, square footage, and taxes, there will be new features added to such platforms for easier navigation, faster sales, and a better experience for buyers and sellers. The use of online real estate marketplace also allows both parties to bypass hiring a realtor, thereby reducing sales costs without compromising or undermining the value and exchange of a property.
2. Virtual reality (VR) - Virtual reality is a useful tool that allows buyers and tenants to view properties conveniently. VR solves the problem of those who want to view a house or an apartment but cannot do so due to constraints such as distance and time.
3. Machine learning - With the help of machine learning algorithms, realtors and investors can gain insight into which properties will generate a high return on investment. Machine learning can be used to improve customer experience by recommending properties based on the user’s preferences and search history.
