Tag Archives: Real Estate

Embracing the Benefits of Virtual Reality In The Real Estate Industry

The real estate industry has undergone many changes over the years that have allowed companies to get better ways of dealing with the challenges present in the market. Among technologies that have come up to transform the industry is virtual reality, which was first introduced in 2010. All the way from the design process to the presentation stages, virtual reality is aiding the real estate industry to access an easier way to deal with the challenges that come up while developing a project. The technology is designed to offer convenience to both the developer and clients, so you will find it easier to engage the market when you capitalize on harnessing the benefits of this technology.

Give clients the full picture

It is not easy to sell property that is not developed or one that is mid-developed as there are many technicalities involved that one must work around. Even the most experienced agents will find it challenging to release such property to the market, and it could take a long time to get the first buyer, which is not a good sign for the business. If your focus is selling as much as possible, you need to focus on offering buyers a good way to see how the property would look once completed, and nothing plays this role better than virtual reality.

With virtual reality software like Renders 3D Quick, you are able to give buyers a virtual presentation that allows them to understand the different parts of the project that they would like to view. Giving them, a clear picture will make decision making easier, and most of the time the inclusion of unique features fascinates them.

Allow long-distance clients to see features

Another beauty about virtual reality that you will enjoy is the fact that you can show your project to clients based many miles away. At the comfort of their offices or homes, they are able to access details about the project and they can do virtual tours through the various parts of the home they need to know about. Most clients will respond positively when they conduct virtual tours as this allows them to have a picture of what is available, and to make the tours more inclusive you can allow virtual customization that will give the client a chance to make changes and additions to the property in a bid to mold it into what they would like to have.

Virtual staging

One of the processes in real estate that is time-consuming is property staging, which is simplified when one uses virtual reality. Hiring a professional stager comes at a cost and this cost varies from one professional to the other. Additionally, the costs can accumulate to unmanageable levels if the property is left in the market longer. However, virtual reality gives customers a chance to see for themselves the furniture and amenities included in the home, so you will not need to hire anyone to make this possible as the technology takes care of everything.

Luigi Wewege on the Impact of Startups on Real Estate Industry

One of the principal benefits of the speed with which technology has advanced in recent years is the increased accessibility to all kinds of varied financial opportunities. According to Luigi Wewege, the real estate industry is one of many industries that has experienced significant benefits as the result of technological advances, with the ease of access generating substantial increases in property investment.

In 2015 alone, technology principally designed for the real estate industry saw impressive funding exceeding $1.7 billion over close to 200 individual deals. This increased funding for real estate technology has dramatically increased foreign investment in properties all over the world and has given investors the opportunity to truly diversify their property portfolios with options to which they may not have previously had access.

Given that the real estate industry is legitimately worth trillions of dollars, it should not come as much of a shock that so much funding has been secured by startups creating real estate technology that increases access to such a massive market. It seems likely that this level of investment will only continue to rise in the future as investors continue to seek ways to access valuable investment properties to add to their portfolios.

Randi Glazer on Evaluating Risk in Real Estate Properties

Prospective homebuyers entering the real estate market rarely do so based purely on impulse, but there is still the very real possibility that emotion can find its way into the decision-making process and potentially have a negative impact on the ultimate outcome. Randi Glazer understands this possibility all too well, and she has consistently cautioned potential homebuyers to do everything possible to take emotion out the process with the goal of ensuring a more thoughtful and accurate evaluation of both the risks and the rewards of a particular property.

According to Glazer, the most critical decisions regarding a home purchase should be made long before the prospective homebuyer begins looking at properties in person. This may sound counterintuitive to some, but the fact of the matter is that it is very difficult to accurately evaluate a property at first glance. Instead, features should be evaluated according to the needs outlined before any property is visited.

This is not always particularly easy for some to accomplish, but it is worth reiterating that homeowners should clearly understand what features they are looking for in a home and what features represent nothing more than a nice bonus. Without advance preparation, it is quite common that prospective homebuyers are not able to effectively differentiate between the two. Given the fact that real estate is not exactly a minor investment for most, making a mistake carries a fairly sizable cost and is certainly not easily corrected. It is simply most ideal to do the evaluative work in advance to ensure the best possible choice is made with regard to a real estate property.

Consider Consulting a Professional Before Making Changes or Upgrades to Real Estate Property

With entire television networks dedicated to home renovations, overhauls and improvements, it should not be all that surprising that more and more homeowners are looking for ways to increase the value of their home through projects they complete with their own two hands. While these projects are certainly an enjoyable way to spend a weekend and represent a great way to instill a sense of pride in any homeowner, projects that are undertaken with the goal of adding significant value to the home should most likely be left to a professional.

As Ken Fisher might suggest, many homeowners are quite capable when it comes to home improvement projects and can complete any number of jobs without the help of a professional. For the novice homeowner, however, it is almost always preferable to at least consult a professional on any jobs that require a lot of materials or expertise. It is often the case that the cost of materials alone will be commensurate to what a professional might be able to quote for the same job, as a pro is able to buy materials in large quantities directly from a wholesaler.

It is also worth noting that an inexperienced homeowner might make a small error due to a simple oversight that will require the work to be corrected at a later date, leading to increased costs and the potential for damage to other parts of the home. For smaller projects that do not represent a sizable investment of time or money, novice do-it-yourselfers should feel confident in trying their hand at doing the job and should feel little or no worry. For a larger job such as an addition, however, a professional contractor is simply the smarter choice.

Creating Income on a Property Investment

When thinking about how to create income from property investment, there are two ways to go about this. The first and most common way is through rent. Rental income is money that goes into your pocket, but for this to happen, the income from the rent must be greater than the costs of the property after money is invested which gives us what is known as ‘cash flow positive’ properties. This means you’re in the green, literally. You are making income! You have a property that is making money rather than not.

The second and more time consuming way of creating income on a property investment is to trust that the property will (hopefully) increase in value. If you want to go with a property investment, choose a residential property rather than a company. The reason why is because a company can go bankrupt unlike a residential property. A residential property is considered more of a secured investment.

Parviz Khosrowyar Has Real Estate Tips For You

Hey, want a tip? A secret to a shortcut for success in real estate? Real estate guru Parviz Khosrowyar has a few that you just might could put to good use, but first, be sure that you are getting success tips from Parviz Khosrowyar and not his twin seen wondering around in Los Angeles.

The first tip is to invest in real estate that is undervalued. To some, this might seem like a no-brainer, but to others, they are scratching their head and wondering how does this make any sense? Because what you’ll most likely be doing with it is turning around and selling it for a profit. It’s all about the supply and demand. People will buy what they need when they need it bad enough. Just keep your cool and follow through.

You’re going to find that getting your target might seem like the most difficult and complicated thing you’ve done in terms of the investing process. For most, it is! Here’s the good news. Once you start gathering different real estate possibilities that are promising, it will help teach you what to look for. Pretty soon with practice, you’ll be spotting undervalued real estate and selling them quickly.

Treat Your Real Estate Like Business

Buying or selling a home is very much like owning a business in which an interview with Karl Jobst can tell you all about his experience with his business in dentistry. When selling a home, you have to know your market and know how to advertise yourself. You want your real estate to be taken care of and in good hands because that directly reflects on you and who you are as a homeowner and even a businessperson.

House Upgrade

Are you due for a house upgrade? I am not one to randomly buy and sell houses but there comes a time when a house upgrade is needed. The main reason is the addition of children. The need for more bedrooms will be the real reason. If you have outgrown your home go get that upgrade. The best thing to do is find that upgraded home before the package arrives. Once the baby is born you will have little time to search for that upgraded home. Once you are settled in that new home will be perfect for the new arrival. Tim DeCapua is all to aware that the upgrade is the best way to go.

For Sale Pain

How many sellers will have to feel the pain until they pull their homes off the market. Short sales are a record levels and ruining sellers dreams to own their own home. These are trying times for those in mortgages they cant afford. Sure it is a cruel lesson to learn but how will they ever recover? The outlook is not good. The country is getting flooded with the working poor that cant afford to purchase a home at any price. Luke Weil will need to sell no matter what. That is a recipe for disaster. It is indeed the pain that will follow you the rest of your life.

Unreal Estate

Have you seen those listings that are too low to believe. Sometimes they list a home below the real value to generate some interest and get a bidding war going. This is a common tactic and you should be aware that this can end up getting you into that bidding war that runs the price too high. When you go into these kind of deals have the maximum price that you are willing to pay on mind and do not exceed the limit. Falling in love with a piece of property can cost you a fortune. Joe Olujic uses this tactic often to sell homes.