Real Estate News and Advice
November 11, 2009
Today's Insider REALTOR Secret


Search Realty Times
 









Today's Insider REALTOR Secret



Ultimate Real Estate Success SuperConference





NEED HELP?

Click for Live Support


Call: 214-353-6980









Virtual Home Tours Increasingly Popular

When a potential home buyer can't get out right away to tour a listing, savvy real estate agents hold an open house on the potential buyer's computer screen.

Virtual tours aren't just a cool gimmick real estate agents use to show off their technological prowess.

Consumers demand them.

Seventy-eight percent of those who shop for homes on the Internet say the most important feature when searching online is photos -- followed closely by detailed property descriptions and virtual tours, according to the 2003 National Association of Realtors Profile of Home Buyers and Sellers.

What's more, those who demand virtual tours are more likely to be smarter, wealthier consumers in their prime home-buying years, compared to those who don't take tours. On a typical day, 2 million people are using the Internet to go on a virtual tour, according to the Pew Internet & American Life Project.

Those tours are not always virtual home tours. They also take viewers to far off places on Earth and beyond, say, to Mars, and include vacation destinations, colleges, art exhibits, hotels, and notable homes like the White House and Taj Mahal.

Virtual home tours, however, are among some of the most common tours taken.

Pew's nationwide phone survey to examine the impact of the Internet interviewed 914 adults, 534 of whom are Internet users.

The survey said those who take tours were more often single, white, women, aged 28 to 49, earning $50,000 a year or more, graduate degree holders and broadband access subscribers.

Home buyers like virtual home tours because they provide them with an immediate and efficient way to view and eliminate the homes they don't like and choose the homes they want to go see in person. For sellers it can mean less foot traffic, but just as many, if not more eyeballs on their home for sale.

It's a particularly common tool in the high-end market, where the best are professionally produced in living color, often with voice-overs as if the real estate agent is along for the tour. The best are also easy to navigate, allowing you to smoothly tour the listing room by room, as if you were walking through the home and looking up and down, left and right.

Virtual home touring isn't without its critics.

There are both security and personal privacy issues. Some say criminals could use tours to case the home and if the home becomes a crime scene the virtual tour could be seized (online) and used as forensic evidence to search for clues in the case.

Technology has improved immensely and costs have plummeted since the first jerky images rotated with fits and starts on a computer screen, but it still takes a clean, speedy broadband connection or a download to a computer with a fast video processor to fully enjoy the tour without unwanted stop-action.

Overall, the Pew study said, 45 percent -- 54 million -- of American adults who use the Internet have taken virtual tours, but more -- 60 percent -- of those who have broadband connections at home and 62 percent of those who have broadband connections at work have taken virtual tours of some type.

Virtual home tour making also takes skilled professionals to output high-quality, life-like videos. A virtual home tour produced unprofessionally can harm a listing more than help it.

Occasionally, the best virtual tour may not be of the home itself, but, say, of its unobstructed view of the ocean, hillsides or meadow. Putting a home's unique feature in its best light with a virtual tour and leaving the rest to good old still photography remains an option.

For example, it's nearly impossible to overcome "bloating" rooms when the confines of a small space forces the virtual tour maker to snap on the wide angle lens to capture the flow of the room.

Real Hollywood magic on the silver screen or an in-person visit remains necessary to see a home as it really exists.

Published: January 4, 2005

Use of this article without permission is a violation of federal copyright laws.




Broderick Perkins parlayed a career in old-school journalism into a contemporary digital news service that really hits home.

The award-winning consumer journalist, originally from Wilmington, DE, is founder, publisher and executive editor of the bootstrap DeadlineNews Group, a Silicon Valley-based editorial content and consulting service specializing in residential real estate, consumer news and related editorial consulting services.

The DeadlineNews Group includes the website, DeadlineNews.com, offering real estate editorial content and consulting services, and its back shop, the Deadline Newsroom, an open house on news that really hits home.

Perkins obtained his formal journalism education from University of Delaware and a journalism boot camp, the Institute of Journalism Education at the University of California-Berkeley. He went on to 20 years of service as a daily newspaper journalist at the Wilmington, DE News Journal and San Jose, CA Mercury News.

Perkins covered housing on the San Jose Mercury News reporting team which earned a General News Reporting Pulitzer Prize in 1989 for coverage of the Loma Prieta earthquake.

He has also produced real estate, consumer and small business content for the Wall Street Journal, Los Angeles Times, RealtyTimes.com, Nolo.com, Better Homes and Gardens, the National Association of Realtors, Homestore/Move and Intuit/Quicken among more than three dozen publications.

In addition to managing the DeadlineNews Group, Perkins most recently served as chief editorial consultant for Nolo's Essential Guide To Buying Your First Home, Nolo, and writes real estate television scripts for RealtyTimes.com.








Real Estate News Network

You must enable Javascript to view the Video content and Navigation on this site.





Mortgage Rates
30 Year Fixed: 4.98%
15 Year Fixed: 4.40%
1 Year Adj: 4.47%
(U.S. Weekly Averages)

Today's Headlines


Spotlight


Let Webcast City webcast your message.



Agent Publicity | Market Conditions Interview | Local Market Conditions | Video Newsletter | Article Index | Terms & Conditions | Privacy | Contact Us

Copyright © 2005 Realty Times®. All Rights Reserved.