{"id":1357,"date":"2013-06-21T09:18:52","date_gmt":"2013-06-21T13:18:52","guid":{"rendered":"http:\/\/dankrell.com\/blog\/?p=1357"},"modified":"2021-11-23T17:31:25","modified_gmt":"2021-11-23T22:31:25","slug":"the-next-real-estate-technology-breakthrough","status":"publish","type":"post","link":"https:\/\/dankrell.com\/blog\/2013\/06\/21\/the-next-real-estate-technology-breakthrough\/","title":{"rendered":"The next real estate technology breakthrough"},"content":{"rendered":"

by Dan Krell \u00a9 2013
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\nDanKrell.com<\/a><\/h3>\n

\"Real<\/a>Besides face to face meetings, the telephone was the only way real estate agents could communicate with their clients up until about 1990.\u00a0 By the mid 1990\u2019s the fax machine was a fixture in every real estate office and was a major method to send home listings and contract addenda to clients.\u00a0 By the housing boom in 2004, large numbers of home buyers turned to the internet to get the latest home listings before other buyers; and during that time, many real estate brokers and agents were taking to the internet finding rudimentary uses for email marketing.<\/p>\n

Much like the advances in previous technologies that made the \u201cbusiness\u201d of real estate easier, current advances also seek to make the process increasingly convenient and efficient.\u00a0 Before the internet <\/a>was widely used, the increasing abilities of fax transmissions made communication faster and more accurate.\u00a0 And even though there has not been a major technological advent since the internet, the internet experience has much improved due to the exponential advances in computing power as well as widespread wi-fi access and increasing bandwidth.<\/p>\n

Ten years ago, most home buyers and sellers used their desktop computer to access the internet; mobile computing was somewhat in its infancy.\u00a0 Advances in mobile technologies, including smart phones, have untethered home buyers and sellers; they now have access to real estate information <\/a>at their finger tips any time of day, wherever there is a signal.\u00a0 Additionally, real estate websites can now send listing alerts via text messages.\u00a0 \u00a0Technically known as \u201cshort messaging service\u201d or sms, texting is not only allowing \u00a0the \u201cset and forget\u201d convenience of the home search, but allows anyone to communicate contract details and showing instructions with minimal effort.<\/p>\n

The internet as a platform has really changed the home buying and selling experience.\u00a0 Home buyers and sellers don\u2019t have to wait for their agent to send listing information; and because they don\u2019t have to meet with their agents to sign documents, fax machines have basically become obsolete.<\/p>\n

Electronic signing is a technology that is becoming increasingly popular, especially for those who have busy schedules.\u00a0 The technology allows a person to review and electronically sign a document it via the internet.\u00a0 \u00a0Too bad for Fed-Ex, as e-signing has all but eliminated the need to send packages of documents to be signed; most notably, the use of electronic signatures has made the process easier for international home buyers and sellers.<\/p>\n

It might seem as if technology is not only allowing consumers to conduct the business of real estate with increasing convenience and efficiency, but also lessening the reliance on real estate professionals.\u00a0 Ten years ago, most home buyers relied solely on their real estate agent for home listings.\u00a0 Today, however, a majority of home buyers search the internet for home listings and public information.<\/p>\n

However, as information is increasingly available, real estate professionals have become even more relied upon to decipher and provide perspective to the information that consumers are accessing.\u00a0 A real estate agent’s role<\/a> is continually changing from the information \u201cgate-keeper\u201d to information analyst.<\/p>\n

So, I don\u2019t expect real estate agents to be replaced by androids or Star-Trekesque holo-decks in ten years time; however, new technologies will continue to make the home buying and selling process easier and increasingly efficient.\u00a0 But, who knows, maybe one day the holo-deck could allow buyers and sellers, who are thousands of miles apart, to attend settlement together.<\/p>\n

More news and articles on \u201cthe Blog\u201d<\/a>
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\nThis article is not intended to provide nor should it be relied upon for legal and financial advice. This article was originally published the week of June 17, 2013 (Montgomery County Sentinel). Using this article without permission is a violation of copyright laws. Copyright \u00a9 2013 Dan Krell.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Dan Krell \u00a9 2013 Google+ DanKrell.com Besides face to face meetings, the telephone was the only way real estate agents could communicate with their clients up until about 1990.\u00a0 By the mid 1990\u2019s the fax machine was a fixture in every real estate office and was a major method to send home listings and … <\/p>\n

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