There is no rocket science to real estate success. But in this competitive era of real estate, when the market is thriving like never before, it is essential for all real estate players to put their best foot forward. Today our team of real estate experts has curated a checklist that is necessary for real estate success. Before digging deep into the checklist, we need to understand one thing: in today’s world, efficiency is correlated with technology; hence, a real estate success checklist has all the proptech tools that can pave the path for your real estate success.‍

The must-haves for real estate success ‍

Virtual Reality for Real Estate:‍

Do you know according to the latest statistics, virtual reality in real estate will reach $2.6 billion by 2025? Virtual reality for real estate is a true game changer. VR in real estate refers to a 3D computer-generated setting that demonstrates a project with realistic 360-degree images, sounds, and other sensations through gadgets like headsets so that the client can receive the ultimate physical experience from anywhere in the world.

In real estate, this means agents can offer customers guided virtual tours more conveniently and economically. For example, Relata’s Visualization Suite comes with a feature that allows customers to take virtual tours from anywhere in the world just by clicking on the link. This provides them with an immersive 3D reality tour experience. 

Impact of VSG: The integration of the latest visualization suite resulted in a substantial growth of 200+ NRI clients for Dosti Realty, expanding their global clientele. 

Blockchain for Transparency:‍

Blockchain technology increases transparency in real estate. The distributed nature of blockchain ensures that all property records, ownership details, and transaction histories are securely stored and easily accessible to authorized parties. It also has the potential to facilitate cross-border real estate transactions by providing a secure and transparent platform for international buyers and sellers to conduct business. This could open up new markets and investment opportunities, fostering global real estate collaboration.‍

Artificial intelligence:

84% of businesses foresee the rising significance of AI chatbots in customer communication, and in real estate, communication is the ultimate key. AI is ruling every industry, and real estate is not left behind. AI in real estate can impact the business highly. Real estate investors do not see AI just as a fancy addition; they see it as a must-have because of the value it adds to any business. With the help of AI, real estate professionals can also understand customer demands better because of features like customer behavioral analytics.

Relata has its own AI chatbot named Reiya. Reiya is a generative AI that can speak in 8+ languages and can share important information and links within a few seconds. Real estate agents can easily track conversations with Reiya and get a better understanding of customer demands.‍

Data and Analytics:

The power of data is undeniable. Today’s real estate professionals do not rely on assumptions because they have the magical tool of data analytics with them. The real estate industry is leveraging the power of data effectively. It is the key to making informed investment decisions. The power of data and advanced analytics can provide valuable insights into market trends, property valuations, and investment opportunities.

For example, the Analytical Suite from Relata is a brilliant tool to get real-time insights and analytics. With the help of data analytics, the sales team designs the perfect pitch and addresses customer queries like a breeze, making the buyer's journey seamless.

Technology is revolutionizing real estate sales, driving efficiency, and enhancing the customer experience. If you're aiming for success in the real estate game, this checklist is your key to standing out. At Relata, we’re at the forefront of these innovations, dedicated to helping real estate professionals stay ahead. Our tech solutions are designed to empower you every step of the way. Curious to learn more? Book a demo today and see the difference for yourself.

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