technology

BlogNovember 28, 2019

Real Estate Virtual Tours Sneak Peak That Will Blow Your Mind!

Virtual Tours Made Possible

Virtual tours bring more opportunities by helping clients find their perfect property and also in growing the businesses of real-estate agents. Homebuyers are also given the chance to see the property without meeting with the agent or visiting the place on-site.

The advancement in real-estate technology we enjoy today provides a convenient way to find our dream home. It allows us to make home visits to potential property easier.

The rise in the demand for properties opened a gateway for the competition from their fellow agents. The good thing about seeking help from an agent is their ability to provide you with a list of properties. Their new listings keep the options open for homebuyers. For a long time, this process is traditionally accepted by the real estate industry.

Evolving Industry

Real Estate Virtual Tours are transforming the real estate market into being more accessible to clients around the world.

3D Virtual Tours are classified into two types: guided and interactive visits.

Guided visits are like the traditional videos promoting the property in a virtual 3D form. The video is made with a 360-degree visual and is convenient for properties that already exist. Here, you won’t need to invest in expensive and sophisticated rendering materials, you only need to buy the Virtual Reality headset for the clients to immerse in the 3D video.

Interactive visits allow the client to be immersed in the program and move freely within the property. Interactive visits are more complicated but favored by the client since it lets them show and experience the property more efficiently.

Real Estate Using VR Technology

Virtual Showcase

Clients like to see as much property as they can for comparison before making a decision. When the property showcases reach too many for both parties to handle, virtual property showcasing turns into a technological miracle. VR helps solve the problem of time-consuming property visits and helps save money.

Imagine a 30-minute to an hour drive to your next home visit reduced to minutes and you can even cover a lot of properties even at a distance. The Real Estate Virtual Tours need the client to wear a VR headset to experience the enveloping experience and have a walk through the properties. VR helps the clients make an initial visit and eliminate those that don’t meet their requirements.

Virtual Staging

Staging needs investment, especially when you are selling newly built properties. A property staged better in virtual reality is better than selling a home with no pieces of furniture. While it’s better to leave minimum decorations when virtual staging, the property needs to show clients carefully-chosen pieces of furniture and decor where clients are still left to fill something for their imagination.

staging is controlled better in virtual tours — A well-crafted virtual staging will draw the attention of clients and easier to sell

When the staging is virtual, you control what the clients see and set an image for the potential property.

Visualizing Architecture

Have you seen a model house? As good it looks, this phase of marketing a property before its construction proved challenging not only to agents but also the developers. Models like to help potential clients see what home or property they can expect and develop. Model houses need well-crafted interior designs to convince clients on purchasing the property.

Virtual tours redefined visualizing architecture by creating a cheaper way of models to properties while still allowing the clients to check the details of the interior and exterior of the properties they are about to build. Real Estate is a serious business not only due to the cost of acquiring such property but also its significance in the personal aspect of the buyers with the purchase.

real estate, virtual realityNovember 21, 2019

4 AI Trends Real Estate Brokers Must Use

Artificial Intelligence (AI) or the simulation of human intelligence using machines has slowly become part of everyone’s daily lives. That’s why we talk to Alexa, we drive smart cars, receive recommendations for movies and music on our smart devices, and play video games against computers. There is however a lag when it comes to real estate property selling and buying.

Real estate is considered as the largest asset class in the world. It has contributed a whopping amount of $3.5T to the US GDP. It’s good that now there are signs of AI application in buying and renting homes and offices.

The following are the top AI trends that real estate brokers must know by heart:

Alexa

According to a new study, about 48 percent of buyer inquiries don’t get responded to. An agent’s average time of response is 917 minutes. Another study, on the other hand, showed that buyers considered responsiveness as important. This is why brokers usually take turns in answering queries, but there are instances when no one is available to take inquiries. That’s where Alexa is needed, to respond to queries 24/7.

An Austin-based startup called Ojo Labs raised the amount of $71M to set up a chatbot for real estate that can answer queries on information regarding listings through text messaging. Some people are having second thoughts about chatbots due to their inability to answer open-ended questions. Ojo Labs also acquired WolfNet to improve its algorithm. Their competitors are Kelle and Structurally.

Zero Paperworks

Benjamin Franklin said that time is money. This is especially true in real estate. It takes time for a realtor to enter information about the property such as lighting, the number of rooms, location, room types, etc. This can be resolved through the use of Restb.ai. This is an AI that can automatically input information about a property based on its photos.

This tool has 30+ home scenes, 30+ high-value home features, and 16 architectural styles to classify images. This saves time and enhances the convenience of storing and accessing property information.

Leverton a start-up that is based in Berlin invested $17 million is now able to extract information from contracts, leases, and corporate documents. The broker simply uploads the documents, and AI extracts information such as rent charges, allowing brokers to find information faster and more conveniently.

Crystal Ball Prediction

It would be easier if real estate agents can easily predict who is going to list or buy a property soon. Rex is an LA-based startup with $70M in funding. It uses AI to predict buyers who are more likely to buy specific homes. It sends out targeted as to those who it considers as possible buyers. Based on the clicks, the same customer segments will be sent ads in the future.

A North-Carolina-based startup First with $7M in funds started using AI to analyze contracts and how these contracts are likely to sell in the following year. During the pilot period, First predicted more than 1,800 homes that are listed.

Reevaluate is another startup that can predict the individuals who are likely to move in the next 3 to 6 months. The company claims an accuracy rate of 36.4% as it analyzes over 200 data points based on information from spending habits and data news.

Virtual Reality Tour

A virtual reality tour can help any buyer envision the property listings of any real estate broker. A buyer can now see the internal and external views of properties using 360-degree views. This technology provides the buyer with the experience of walking through the listing, using only any mobile device or computer. This aids in their decision to buy or rent a property.

AI is not meant to replace the real estate brokers. They are here to make them more efficient. AI ensures property buyers the ultimate experience. If you want to know more about the impact of a virtual reality tour for your business, you may visit our website –Virtual Tour Easy.

virtual realityNovember 18, 2019

The World Has Changed Because of Virtual Reality | Find Out These 10 Changes

It’s quite difficult to find a millennial or a Gen-Xer who hasn’t had any experience in playing virtual reality games or watching a 360-degree movie. It used to be seen only as a gimmick and not seriously as a technology with massive uses and propensity for change.

Here are 10 noticeable changes that occur in the world because of Virtual Reality.

1. Video Gaming

One of the industries that have adopted several applications for virtual reality is video games. Large companies like Google, Facebook, HTC, and Samsung. Facebook bought Ocular Rift which is a VR headset manufacturer. Video gaming was changed by virtual reality. It is now possible to play in Wimbledon with players around the world.

2. PTSD Treatment

Virtual reality can become a full-blown therapy for those who suffer from PTSD. Post-Traumatic Stress Disorder is a serious illness that often affects those who experienced being in the battlefield or conflict zone and also those who are victims of rape and any form of abuse as well as survivors of disasters. There are different triggers to PTSD. For a survivor from a conflict zone, loud noises are often the trigger such as the slamming of the door. The primary if not the best technique in handling PTSD is to face one’s fears. This is where virtual reality plays a major role. The person may be able to experience having to face his or her fears through virtual reality.

3. Travel Industry

Virtual reality is often used by people to go to various destinations around the world without having to go there physically. This is perfect for those who don’t have the budget to spend on traveling. Virtual reality is also capable of adding more realistic features such as smells and the different kinds of weather into the entire virtual experience. People may tend to undergo the real travel experience but there are businesses these days that cater to virtual visits of the world’s famous landmarks.

4. Cinema Experience

3D movies have been introduced a long time ago, but there are talks about 4D movies becoming the latest innovation. Entrepreneurs propose that the moviegoers will wear VR headsets and that the seats will be modified to enable them to move from side to side and vibrate. There are other features such as the wind and steam machines and temperature control, which will enable some changes around the cinema all throughout the movie.

5. Improved Medical Education

It is difficult for medical students to undergo the first-hand experience of live surgeries and complicated operations. The usual process is for the medical students to observe live surgeries done by surgeons or to perform fake surgeries on dead bodies after asking for permission from the person’s dead relatives or the dead person himself according to his last will. These conditions make it time-consuming for medical students to learn how to operate. VR hospitals and government organizations may create virtual representations of the human body which can be used by the medical students. There are several benefits to the use of VR for medical education. It is of less risk to students; it is not costly; it can also be used by every medical student individually.

6. Changing the Museum Experience

There are several applications of VR technology in a museum. One of these is Earthquake Recreation that enables you to experience a simulated earthquake when you enter a room and there are tourists and things falling off. There are other applications that enable people to experience Victorian England, the Roman Empire, or the Stone Age. Experiencing the museum through virtual reality like this makes children more interesting in history.

7. Autism Intervention

Autism is a genetic disorder that affects 1 out of 59 people around the world who are on the different levels of the autism spectrum. Autism affects the behavior of the person. It gives them difficulties in pronouncing words, reading, and some of the autism patients also exhibit symptoms of OCD or obsessive-compulsive disorder. The role of virtual reality in addressing autism is that it provides the patients with a virtual scenario that enables them to give speeches and talk to virtual people. It is more effective when used with artificial intelligence that can converse with the patient.

8. Athletic Training

The sports industry is a multimillion-dollar industry, and many of its top-performing players earn millions from product endorsements and wages. Sports teams strongly compete with each other. Training in sports can get boring and draining. Virtual reality changed this. Not only is it fun, enjoyable, and more fulfilling; it also gives you more freedom and opportunities to play and practice because there is no need for you to find a partner. It is also cost-effective. Virtual reality will be able to provide you statistics of your performance while training which will enable you to focus more your attention on the weakest aspects.

9. Real Estate

Virtual reality has a massive impact on real estate. Through the use of a virtual reality tour, customers will be able to view properties without being in the physical location and even before its completion. It saves time and money for the sellers and potential buyers. Sellers can create their virtual tour using a tour builder and have an option to embed it directly on their website, share via email, social media, and more!

10. Military Training

It is possible to recreate the war scene in virtual reality. This will enable soldiers to be more prepared to go to war. VR may also allow them to wear suits that have electronic simulation which can make them feel pain in the spots where they are hit while they are inside the virtually simulated room.

There are many uses of virtual reality from virtual reality tour to machines simulated for different industries. If you want to know more about this fascinating technology, check Virtual Tour Easy now.

virtual realityNovember 7, 2019

The Different Facets of VR and AR Technology Application in Tourism

Augmented Reality to take the place of the travel brochure. AR and VR have been leveraged to enhance tourism sales. VR and AR visitors were able to enjoy a lifelike experience of the place before they go on a holiday. Through the use of Virtual goggles, visitors were able to undergo virtual tours of hotels, walk around New York with a 360-degree view, and get on a computer-animated simulation of a cruise-ship tour.

Photographer: stem.T4L | Source: Unsplash

There were so many things that have to be understood about VR and AR. Aside from its opportunities and challenges, destination VR and the benefits of these technologies to operators have to be assessed as well. Volumetric video as the technology behind the success of VR and AR.

IBT Berlin also sheds light on VR trends that are applicable in the travel industry. Trade fairs and special events and their digitalization focusing more on AR and VR technologies. Another thing is the application of VR technology in Ingress Agents and Pokémon GO Trainer, and what the tourism industry must learn from it. VR and AR technology integration in the concept of creating a smart city like Luxembourg. Immersion in virtual reality is another concept that needs understanding by many. This is especially true of the non-technical aspect of immersion and why the human brain yearns to be entertained.

Photographer: David Grandmougin | Source: Unsplash

Every entrepreneur in the tourism industry must also be aware of the trends and developments of AR and VR that can be used in the industry. VR for destination marketing is one other aspect of AR and VR that has to be discussed more. One case example would be the use of this technology in cruise ships.

It is indeed important to understand thoroughly how virtual content can be easily integrated into the real world like in the case of the Pokémon Go game.

If you want to understand more about VR, AR, and virtual tours, check Virtual Tour Easy!

Lifestyle, virtual realityOctober 14, 2019

Your Next Vacation Won’t be as Dull as Before Because of Virtual Tour Technology: Learn Why!

Through technology, travel destinations reach travelers faster and closer and it helps them experience the place before they even book. The virtual tour replicates not only the sights but also the smells and sounds in the area.

Your mobile phone can offer you possible destinations based on your most recent searches, preferences, and travels. You can come up with a shortlist and search engines will prompt you to go on a virtual tour using a quick response code to be scanned in any virtual reality destination. Here you can conference with a friend and tour a scenic destination. You will be able to choose flights, hotel rooms, and packages using the virtual tour. All you have to do is link your biometric systems for you to use it for customs, airline check-in, and hotel check-in. You can also pay through your crypto account using coins, cash, and points.

Generations Y and Z are more tech-savvy and 60 percent of them are more likely to choose a travel destination using social media instead of paid ads. The sharing economy also came into the picture and that’s why companies like Airbnb and BlaBlaCar have become game-changers.

Virtual Tours Bring Seamless Experiences

The journey of a traveler who uses virtual tours has been changed mainly due to his or her desire to have seamless experiences, personalization, reliance on peer-based feedback, and instant gratification. Such travelers are growing. According to statistics from The World Tourism Organization by 2030, there will be 1.8 billion international trips.

Augmented Reality

Augmented reality is currently used for language simply by pointing smart phone cameras at words, routing, and navigation. This is the basis for the interactive New York Subway map.

Internet of Things (IoT)

The Internet has an impact on the discovery and booking processes through the voice-enabled Alexa search, Kayak, and Booking.com. Guests can also have keyless digital entry to hotel rooms, baggage tracking and notification, seamless integration of your own gadgets and interconnected hotel room devices.

Artificial Intelligence

AI-driven engines are more inclined to learn consumer behavior. The more information AI gets from you, the better the recommendations it can provide with more economic and emotional benefits to the providers. Mobility app, Mobacar, makes use of machine learning for predicting the mode of transport and the type of vehicle a traveler may prefer and pushes only the relevant offers.

Metalhead — Photographer: Franck V. | Source: Unsplash

Biometrics

Biometrics can help in the identification documents such as passports through the use of fingerprints, facial, or iris recognition used in customs, hotels, and airlines.

Blockchain

The entire travel chain has been changed by Blockchain as it increases disintermediation and democratization. It can remove the intermediaries and balance the bargaining power in online travel agencies and inventory owners. Travala is one example of this. It is a travel booking marketplace that ledgerizes and decentralizes the hospitality industry which enables users to add rooms as supported by smart contracts.

Robotics

This technology is used for automating tasks that are monotonous. You can have consumer service robots and digital concierge and social robots. These can answer queries on predeparture gates, directing passengers to restaurants they prefer, or to help them access the Wi-Fi.

The New Age Customer

The customer is evolving today and he or she has been pampered by the services offered by travel intermediaries and the rise of other inventory providers such as digital tours and tour guides, online travel aggregators, and metasearch agencies. Hotels and inventory owners no longer have much bargaining powers due to the huge online travel agencies. Airline loyalty programs don’t have that much influence on travelers anymore. A good deal on a particular platform can help shift loyalties.

The landscape of hospitality and travel industries will offer an opportunity for alliances which allow for a new and sustainable ecosystem to be set up. Boundaries are being blurred and partnerships have emerged. Travelers are expected to gain more value for their travel money, and they will be pampered with multiple options due to innovations.

If you want to learn more about the value and uses of a virtual tour, you can contact us. You can also create your own virtual tour for free. Sign up today!

Real Estate Virtual Tours Sneak Peak That Will Blow Your Mind!