PHOTO: Times have changed in the real estate industry. Picture: Liam Driver Source: News Corp Australia
The future is now for many in real estate, especially buyers and vendors, as challenges posed by COVID-19 hasten the technological evolution of the industry.
Due to health restrictions and social distancing measures, the digital enhancement of the real estate transaction has become imperative and has suddenly heralded the age of virtual inspections and online auctions.
The digital evolution of the real estate industry has been hastened by COVID-19. Source: Supplied
The uncertainty of the coronavirus pandemic has brought with it a new approach to buying and selling property for the agents as well as those listing their home and those looking to buy.
What next for real estate agents?
One major result of this has been to sort the wheat from the chaff when it comes to truly interested buyers. Tyrekickers are staying home, the real buyers are getting out there.
Through video conferencing, virtual inspections and private open homes, greater organisation and a significantly increased level of commitment is demanded of potential purchasers.
READ MORE VIA NEWS.COM.AU
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