In an enlightening episode of the Real Estate Insiders Podcast, hosted by James Dwiggins and Keith Robinson, featured special guest Jimmy Kelly. This episode offered a thought-provoking discussion on the future of real estate tech.
Digital Transformation in Real Estate
As with many industries, the real estate industry is being shaped by the digital revolution. It’s evident that real estate technology has moved from being a luxury to a necessity. Online real estate listings and digital real estate for sale signs are the norm rather than the exception.
Real estate brokers and brokerages are noticing the shift in real estate trends. Many invest in advanced tech tools to stay competitive. Many real estate companies are transitioning from traditional methods to tech-driven strategies.
Advancements in Service Delivery
Technology has enabled accurate forecasting of real estate prices and effective tracking of real estate market trends. It has also helped optimize real estate financing and real estate taxes. Tools facilitating real estate investing and real estate investment are increasingly tech-enabled, with numerous resources available for those interested in real estate investing for beginners.
There are numerous real estate blogs, books, and courses discussing the importance of technology in the real estate industry. NextHome, a real estate franchise serves as a prime example of a tech-driven real estate company.
The Role of Laws & Technology
As the real estate industry adapts to technology, it must also adapt to changes in real estate laws. It’s crucial for real estate brokers to stay informed about regulations concerning online transactions and data protection.
The Need for Future-Proofing in Real Estate
Being part of the real estate industry in the digital age requires resilience and preparedness to evolve. This can be achieved through attending real estate events, listening to insightful real estate podcasts, or joining a forward-thinking real estate franchise like NextHome.
Key Takeaways:
- Technology adoption is crucial for competitiveness in the real estate market
- Tech tools enable accurate forecasting and optimizing finances
- Awareness of real estate laws concerning technology is essential
- Staying informed and adaptable through resources like real estate blogs, podcasts, books, and events is crucial
The influence of technology on the real estate industry continues to grow. This presents opportunities and challenges for real estate agents around the world, with the need to embrace change and leverage technology to their advantage. As aptly discussed by James Dwiggins, Keith Robinson, and Jimmy Kelly the future of real estate is indeed here, and it is technologically driven.
