Technology within Property
Over the last couple of years, we have seen a rise in property technology. The property market has traditionally been slower on the uptake of technology and is one of the few industries to fully embrace the benefits of technology. This trend has seen a dramatic shift not only with the rise of online agents but also innovative companies looking to enhance the services both buyers and sellers have when buying or selling a property.
In the near future, we will see many investors and entrepreneurs infiltrate the market with the latest innovations trying to disrupt the market. I can see many of the traditional high street agent practices increasingly moving online offering better services, increased efficiency and advanced products to possibly change the way agents market and sell a property. Much of the services offered by agents will be more automated and will accommodate the busy lives that potential buyers and sellers have.
There are a few companies already leading the way bringing innovative services and products to the marketplace. Some examples are:
Flixfo – smart software for the rental market allowing landlords and agents to manage repairs efficiently.
Matterport – 3D imaging changing the way agents can market a property transforming outdated floor plans into a much more immersive property viewing experience.
theAgentSearch – personalised estate agent comparisons with an algorithm that matches an estate agents’ previous sales to a seller’s property thereby finding an agent best suited to selling someone’s home.
OpenlySold – Enhancing communication, interaction and openness with the use of innovative tools for every stage of the property buying and selling process.
These are just some of the companies embarking on changing the property industry and it will be interesting to view the landscape of property sales and rentals in the next few years.
By Priyesh Vaghjiani of The Agent Search.