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Trulia Sacra…, Home Buyer in Sacramento, CA

How has technology changed the real estate industry?

Asked by Trulia Sacramento, Sacramento, CA Fri Apr 26, 2013

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I've only experienced the industry already on a technological advance. There have been many great changes since then too. From Docusign, to mobile apps, to tablets, you can basically be a virtual mobile office. Client's want information fast, so we have to be able to give it to them quickly. If we don't, someone else or the internet will.
It will also allow us to use less and less paper. Someday this industry will be paperless. That will not discount the face to face interactions. The majority of buyers and sellers will be advanced in technology as well and will expect that of us.
0 votes Thank Flag Link Fri Apr 26, 2013
Technology has changed, and continues to change the transactional side of real estate. Having the ability to write an offer and have it signed electronically from a buyer in another country, or signed manually on a tablet pc (mobile device) was unheard of just a few short years ago. Providing breaking industry news which then disseminates via plug-ins to hundreds of other outlets and sites simultaneously, which is then viewed by hundreds within minutes, also unheard of until now.

Those trends are allowing users to access information faster and acquire knowledge without ever needing to meet with an agent face-to-face. As a result, is also requiring more self policing on the part of the professionals in the industry who are sharing the information and tools on their various websites, blogs, etc., to ensure the information provided is pertinent and valid. Because we all know, if it's on the internet, then it must be true (tongue in cheek).

Some would have us to believe that our industry is in jeopardy because of how technology is making the process of home buying/selling more convenient and efficient for the would be buyer/seller. However, I beg to differ.

For, as with any business, there is also the relational side of business. Technology will never take the place of the "Pop-By", agent hosted house warming, or hand written "thank you" card. The agents who excel in the unexpected extras will do well no matter what the market condition is or what the next new piece of technology does. We will instead embrace the change, remain cutting edge, and serve our clients beyond their expectation.
0 votes Thank Flag Link Fri Apr 26, 2013
I think technology has changed the industry profoundly. Information once help exclusively by Realtors is now free to the public.

The traditional basics and value of a Realtor remain ... but a lot of consumers make the mistake of assuming they no longer need an agent because they can get the information themselves.
0 votes Thank Flag Link Fri Apr 26, 2013
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