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Realty News – How Virtual Reality Could Revolutionize The Real Estate Industry


Generally, real estate only impacts most people when moving to a new home, which is when real estate becomes incredibly important. In our economy, many people have no choice but to relocate for employment or to move to escape excessively high costs of living. Whether someone chooses to move to San Francisco or New York City, people almost always question efficiency and cost when it comes to moving.

For example, if you’re thinking about moving to New York City, you should consider that you may have to spend a few hours commuting to and from each prospective house. It can take quite a bit of time to become accustomed to the NYC transit system. Therefore, the learning curve may make it hard for you to get from one prospective house to another in a reasonable amount of time. Also, the hotel costs in New York City can be very high. Therefore, those who are thinking about moving to NYC definitely want to check all of the houses their considering in the least amount of time possible.

In general, the most that people can do now is look up images or a blueprint of a home or residential area. However, in the future, people may have better options.

In fact, companies like Matterport and Sotheby’s International Reality have already begun to release services that permit clients to take tours of luxury condos in 3D. As the cost of creating these 3D experiences decrease and the technology becomes more common, virtual tours will become more prevalent. Matterport and Sotheby’s International Realty are far from the only companies exploring virtual tours.

Undoubtedly, virtual reality could revolutionize the real estate industry as we know it and make the process of moving much easier.

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