The Latest Trends in Real Estate Tech | Dotloop

The Latest Trends in Real Estate Tech

dotloop

dotloop

July 05, 2018 | comments

The Future of Technology has Arrived in Real Estate

From virtual reality and 3D tours that offer realistic remote tours to mobile apps that let you text to transact

 
Agents will always be integral to the home buying and selling process, but it’s up to brokers to provide them with the best technology to do their job as efficiently as possible. Consider the following technologies when building out your portfolio of tech offerings for your agents.

 

See the Future With Virtual Reality

 
It’s no secret that virtual reality (VR) is one of the “next big things” in real estate, but it’s more than just a cool gadget — VR can transform out-of-state home buying from a challenging, costly chore into an engaging, less expensive experience.

With VR, agents no longer need to set up a full day of home tours requiring interested clients to pay for flights and check off a laundry list of open houses while they’re in town. They can instead take the remote client on a spin through the home, all from the convenience and comfort of a laptop. VR can fully immerse the viewer in a virtual view of the home, neighborhood or even the surrounding community. The client enjoys an experience that feels like they’re actually touring the home, thanks to 360 renderings that cover multiple rooms and work from any angle.

If you don’t want to invest in full-on virtual reality technology, there are 3D tours, which allow clients to capture images of their home with an iPhone as a means of showcasing in a more realistic, experiential way. A 3D experience can also be used to upload rooms that allow clients to visualize a space with different furnishings, like a virtual staging.

 

Agents “Always On Demand”

 
Agents must prioritize a faster response time if they want to consistently win business. There are many tools that can help your agents improve their response time:

Chatbots: It’s imperative that agents follow up with interested clients quickly, but they’re often juggling multiple clients at a time and can’t drop everything for phone conversations or email responses. That’s where chatbots can add value. Chatbots will instantly respond to clients and gather any necessary information to move things forward before an agent lifts a finger. We have all had experiences with chatbot failures, but the power of artificial intelligence is being refined even as you read this.

Texting Apps: According to our survey, 72% of buyers use mobile devices, tablets or apps during their home search. Combine that with the fact that text messages have a 98% open rate (vs. 20% with email) and you have the logic behind dotloop’s latest enhancement: the release of new SMS communication, in which agents and admins can contact, share docs, edit, update and archive all communication in and out of a loop with a simple text.

Dotloop’s newest messaging tools help provide your agents with an integrated experience that enables them to track all conversations within the dotloop app and also communicate with clients through mobile messages.


 
Apple Android

Clients receive the communication just like an ordinary text, which allows them to receive and sign documents without any downloading or logging onto the platform. Dotloop automatically tracks and logs all texts with time delivered and receipt stamps to provide a running log of all activity while helping to facilitate compliance.

 

Mobile Apps: Moving Beyond eSignatures

 
To stay competitive, agents need a transaction management system that goes beyond eSignatures to give them the power of mobility from lead gen to the close. A fully mobile transaction management app like dotloop gives agents the freedom to transact whether it’s from the kitchen of a home where they’re showing or a lounge chair on the beach.

Real estate customer Kimberly Mashburn says she had high expectations for the mobile technology that was going to guide her through the sale of her house – and dotloop delivered. Kimberly said there was no way she could have accepted and signed documents on deadline without it. She even managed to review and sign an important addendum from 30,000 feet mid-flight!

“I never even had to use my laptop. With dotloop, I was able to finalize the paperwork on my phone.” -Kimberly Mashburn

Many apps created by and for real estate agents and brokers can help increase your agents’ response time, sync CRM leads and backend accounting with your transaction platform, and provide rich forecast data on commissions, at-a-glance closings and operational efficiency. Zipi, for instance, provides an intelligent business tracking and commission verification application, while API Nation allows agents to sync their dotloop contacts with their Google Gmail contacts for easy streamlined lead gen and contact sourcing. Instead of housing these metrics in separate spreadsheets, the apps integrate directly with dotloop. Click here for the complete list of 40+ dotloop integrated applications.

By staying current with the latest trends in technology you can help your agents get deals done faster and more efficiently.