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Writer's pictureAlice Walker

Is Virtual Reality (VR) The Next Big Thing For Real Estate Business?

Virtual Reality (VR) has been a way of living for a long time. However, the outbreak of Coronavirus and strict social distancing norms made us latch on to its significance even more. From video games to the real estate industry, VR technologies today are a whole new ball game.


That’s right; VR in real estate is a present-day hot topic. Realtor virtual tour software is an impeccable example of what we are talking about. They help to create virtual tours in minutes to let buyers take pleasure in interactive experiences.


VR is already reshaping the real estate industry. But the main question is - will it be the next big thing for realtors? Let’s find out!



About VR In Real Estate


Making an in-person visit every time one needs to inspect the property or location and going through the complicated processes is now a run of the mill. Instead, buyers, today yearn for hassle-free yet compelling experiences. That’s where VR enters into the scene. Not only it helps customers to enjoy the personalized and impressive session, but it also helps sellers save time and cost.


Research from Goldman-Sachs has already evidenced that 1.4 billion realtors will be using VR, generating as massive as $26 billion by 2025.


Virtual Tour


The reason behind the biggest imprint of VR in the real estate industry is virtual tours. By creating virtual tours, sellers can easily engage and attract customers personally, no matter where they are.


The key to creating a captivating and interactive experience for interested buyers is using the best virtual reality real estate software. While there are several such software in the market, you can count on Panoroo, a perfect solution for making magical virtual tours in minutes.


Benefits Of VR To Real Estate Agents


When used correctly, Virtual reality software and apps can benefit real estate agents in many ways. Some of these are -


  • Saves time

  • Lead to global reach

  • Speed up the sale process

  • Forming an emotional connection with customers

  • Easy porting of photos and models

  • More website traffic

  • Increase competitiveness

The Verdict


The real estate industry is evolving tremendously. With virtual reality being a big part of the business, both buyers and sellers can easily form a beneficial alliance with each other.


The introduction of realtor virtual tour software, at the same time, has added a stroke of luck. Sellers can now expand their business scope and stay ahead of the competition by creating magical virtual tours. Thus, we must admit that Virtual Reality (VR) is the next big thing for the real estate business.


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