Real Estate Returning to Normal with New Tech

Written by Posted On Monday, 01 June 2020 05:00

As we roll into June, much of the country is opening back up from the Covid-19 pandemic and the real estate industry is trying to figure out the future. I believe the best plan might be a short-term plan, consisting of a few months, and a long-term plan, which will start when we return to some kind of normal. But either way, the real estate industry will change forever.

Most of us have lived through events that have changed our lives like post-9/11 and flying, to name one major change. I do believe Covid-19 will change the real estate industry for a long time, or even forever.  One silver lining might be that all of us, whether real estate professionals or the public, have discovered new ways to not only work but to live – please know many of the ways we changed I don’t like, but no choice!  

Many of you have seen on the circulating social media post about the Jetsons, remember them? More than likely right now you are humming the theme song. The program aired in 1962 and 1963 and was created to reflect life in 2062, a century into the future. If you are too young to remember the show it’s worthwhile to watch a few episodes to understand where I am going with this; it’s still being streamed. 

Back to the post on social media, the cartoon with the Jetsons has four blocks showing different ways life could be in the future. Telemedicine was one, Elroy saying ahhh, Jane, his wife, sitting using a wireless vacuum cleaner, daughter Judy doing exercises by teleconference and, of course, Mr. Spacely firing George over video call. All of that didn’t take until 2062 to get to – back to the point of my article.

The consumer habits have been changing for years but, thanks to the pandemic, we suddenly have changed to a new era in life. Over 300 million people used Zoom during the pandemic and virtual tour companies have been coming on board almost daily and discussing a 300% increase in engagement. Not long ago we used 2D pictures, which are described as flat. Now, 3D and virtual tours dominate the market as more and more people are buying homes without setting foot in the home; it’s here to stay!

Many of the social networking sites, telecom companies and industry tech giants are introducing more ways to use the technology and real estate consumers are embracing.  I have heard many agents telling how they have managed to gain inventory and move inventory of property in the past few months while never meeting the buyers or sellers or even stepping into the home.

It is not going back to just smartphones and email and, before that flip phones and PDAs or legal pads. When I started my career in 2000 I found a survey of consumers involved in real estate transactions and one of the questions was “do you feel you have more technology or less technology than a real estate agent?” The answer 70% believed they were more advanced with technology than real estate agents.

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Dick Betts

Dick Betts, REALTOR® The Villages, FL with Touchstone Real Estate, Addie Owens, Broker, Mount Dora FL.  Dick has been working in the real estate industry for more than 20 years and brings his experience and expertise to help you find the best solution for your real estate needs.  Moving to Florida in 2008 he started in Ocala and began searching where in the state of Florida he wanted to call home, Florida has so many options, Beaches, Southeast, Southwest, the Panhandle.  After weighing his options, he found where he wanted to call home just 20 miles south of Ocala, The Villages!  Living fulltime in The Villages since 2011 his only regret was not moving there sooner.

Dick has traveled across North America since 2000 speaking, training and helping REALTORS® in 47 states and 5 Canadian Provinces hone their skills to better serve the public.  He now brings those years of experience to The Villages to help folks who also want to call The Villages home.  People looking to buy in The Villages are from around the world and need a tech savvy REALTOR® to serve their needs.  Selling in The Villages you want to list your home with somebody who knows how to market your home to the Facebook Generation and bring the most exposure possible to attract a buyer.

Want to really learn about The Villages Lifestyle?  Want to see what The Villages has to offer?  Let Dick Betts be your guide and help you call The Villages your NEW HOME TOWN!

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