Replacing Real Estate Agents with Virtual Reality Technology

Two of the biggest challenges facing the real estate agents in 2018: (1) They spend a tremendous amount of time hovering from one location to another, dealing with heavy traffic and more often than not, irate clients, (2) and when do they eventually arrive at their appointment with the potential buyer, are often met with disappointed acclaims of how the building in question doesn’t look like “what they saw in the adverts”.

These are some of the most pressing issues that virtual reality (VR) aims to solve immediately. VR makes it possible for clients and buyers to view, or “virtually visit” multiple homes in a fraction of the time it would take for a real estate agent to show that same person around the location in question, boosting sales efficiency by a huge margin.

Unfortunately, as with most nascent technology, there appears to be a fair amount of skepticism within the industry, yet the potential that VR brings to the real estate sector is unprecedented by all standards.

In Asia, a career as a real estate agent is often a viable and financially attractive prospect for individuals gifted in the art of sales. So what exactly is it about VR that could possibly render real estate agents dispensable?

For one, VR can now show future clients a detailed view of an entire building… before the establishment has even been completed! VR can render detailed, high definition imagery and videos in a 360-degree format, whilst offering viewers a complete walk-around tour. Not only is this cost-effective and highly efficient, but it would also mean that developers and contractors can now display to prospective buyers exactly what they will be purchasing.

More than that, VR will also allow its users to virtually walk around a house or building whilst customizing things like different colour schemes, floor tiles, and even furniture; even with the best of physical display homes, the ability to instantaneously swap out objects and themes is simply not feasible from the point of view of developers.

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