With technology increasingly becoming a catalyst for change in all spheres of industry and business, the real estate market has not been immune.
Technology and real estate are not phrases that often appear in the same sentence together, but the advance in technology has seen it infiltrate the lives of all industry stakeholders – real estate agents, home sellers, and homebuyers.
And it’s all for the better.
While the impact of tech on real estate has not been as disruptive as it has been on any of the other major industries, it has been every bit as powerful. This is thanks to the unique nature of this sector.
You see, in this industry, most of the important decisions are still done by people – not technology. And this is something that is not likely to change.
Good thing is, the impact of technology on real estate has been less about disruption and more about enabling.
As a real estate investor, the challenge in today’s competitive market means that you need to use every weapon available at your disposal to build your business. One of the best ways to do this is by using new technology that is available to every investor.
The following are some of the obvious ways real estate investors can leverage technology to boost their business.
1. Property Searches
The internet has leveled the playing field when it comes to searching for property value. In days gone by, it took an expert to establish where and when new properties would become available, not to mention figuring out what the comparable home sales in that particular area might be.
But not today.
This is information that only takes a couple of clicks to establish.
Finding a property for sale is as simple as looking it up on any credible real estate website. If it is FSBO (for sale by owner) properties you are looking for, a resource like Craiglist can prove hugely successful. If you are interested in foreclosures, you can find a good deal of them on Auction.com.
On the other hand, websites like Trulia and Zillow can be great places for homeowners to do their own homework when trying to figure…