Tuesday 4 August 2015

Adjusting to Change: Is Real Estate Getting Harder or Is It The Technology?

Real estate - an industry that enjoys a vast and varied history - but a history that has always been changing. With the advancement of technology, this change seems to occur very fast, and with every new change, real estate professionals are finding themselves adapting, or, well, you know the old saying…

But is technology making things harder? Or, is the hesitation when it comes to having to adapt more about having to change your own routine? We are creatures of habit, and for some people change is annoying, time consuming, or just downright painful.  In the past, this was often the case, but with the newest advancements, you are actually far better off to make a changes, than falling into the habit of your old ways.

What kind of change are we talking about? Well, firstly, the move towards paperless real estate is a huge one. Not only is this way better for the environment, it also means far more organized files and desks no longer littered with documents. This paperless craze has been most impacted by the ability to sign documents electronically. This has eliminated the need for all of the back and forth and endless meetings just to acquire a signature.

Not only has technology made our paper management easier, it has also made communication far more efficient. These days, the telephone no longer rules the roost, and now instant messaging, texting and video chatting has made meeting and conducting discussions with out of town clients much easier on all parties.

Research has also benefited greatly from the tech advancements impacting the real estate industry. Things like researching properties, generating comparables, obtaining property sales histories, and finding out neighbourhood demographics can now be done from an iPad anywhere that you receive a wireless signal. Generating reports is also quicker.

Increased collaboration is also made easy, thanks to apps that let you connect and network: share referrals, connect with others in the industry, build a strong, respectful relationship with other professionals.

50 years ago, every meet and greet needed to be in person and all documents kept in files. 10 years ago, everything electronic required a big bulky computer - one that didn’t necessarily make working on-the-go easy. Today, in 2015, the tech advances have given real estate professionals the ability to accomplish far more.

Still reluctant to take that big step? Start with baby steps. Get an iPad and start there, using a real estate app like ViMO, your virtual mobile office, and see just how easy it really is.  Master researching properties, and once you feel more comfortable, move on to signing forms electronically.

Sometimes change is overwhelming, but in this case, refusing to change will quickly leave you in the dust.

Competition is strong - take advantage of everything real estate technology has to offer. Call ViMO today for more information: 1 855 999 8466 (VIMO).


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