What Are The Real Estate Tech Trends To Watch Out In 2021 [8 Trends]

When we will be able to sell and buy houses online? Why does it take months to buy a house? Why do you have to go with all the paper works? Why can’t your contracts and your money exchange can be done automatically by avoiding the lawyers?

All these questions you might be having when you are dealing with the real estate industry.

Technology has made some crazy influence on almost all industries out there and it continues to make a difference all around the globe, and one of them is being the real estate.

Some Of The Real Estate Tech Trends To Keep Your Eye On In 2021

1. Blockchain

It is one of the emerging fields in technology since the last decade.

Benefits of blockchain to real estate

Decentralized digital records will bring high transparency and will eliminate the chances of making any frauds.

Smart contracts will allow for the faster closing of deals.

2. Push Technology

This is also one field that is gaining popularity. Agencies are busy creating their own apps which will enable them to send regular notifications to their target customers.

Benefits of Push technology to real estate

Mobile apps can connect potential customers with accurate information

Agents can make use of push notifications to remind the customers regarding the new listings available  

3. Task Automation

Real estate agencies are making use of emails, social media, and mobile apps from a very long time, and also the automation is making the process much much easier

Benefits of automation

It is helping brokers in their marketing efforts with timely and synchronized email campaigns

Quicker payments can be made with automated invoices and regular reminders

4. Big Data

Big data can help you in evaluating the huge amount of data in a quick succession which will help in getting meaningful insights from the data available with any kind of real estate business.

Benefits of big data in real estate

You can get actionable insights from the available data which can add more weightage to your marketing efforts.

Easier to understand the purchaser psychology

5. VR and AR

VR or virtual reality has changed the way in which every industry works and is one of the tech trends in the real estate industry as well. It helps consumers a chance to perform visual tours of many properties in a very short period of time.

Benefits of AR and VR in real estate

Advanced property tours which can be accessed through smartphone apps

Reduce investments by conducting multiple open houses for a single property

6. Cloud Property Management Software

The cloud management software can help the owners and customers to log in and check the details with respect to their properties at any time.

Benefits of this

Easy storage of the documents and contracts

The owners, as well as tenants, can log in and check all aspects of the property

7. IoT – Internet of Things

It is an essential technology trend to be monitored in the next decade as it has the potential to redefine the real estate industry in a big and better way.

Benefits of IoT in real estate

Smart applications such as the automated lighting system and automated air conditioning systems

Enhanced property management with centralized control of essential systems

8. Chatbots

Usage of voice bots and chatbots in the real estate business has increased and advanced the interaction between the potential customers and the sellers.

Benefits of chatbots in real estate

Chatbots can act as a customer care representative or support executive

It can offer recommendations based on the tastes and preferences of a particular individual

Final Word

These were some of the real estate tech trends to watch out in 2021 with technology being advanced each and every day. 

A quick look into the real estate tech trends in 2021:

  • Blockchain
  • Push Technology
  • Task Automation
  • Big Data
  • VR and AR
  • Cloud Property Management Software
  • IoT – Internet of Things
  • Chatbots

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