The Rise of Virtual Tours in Real Estate Marketing

Technology has revolutionized the way business is done in many ways. It has revolutionized transactions happening in the real estate industry on a day-to-day basis. The process of real estate purchase has become streamlined allowing faster decision making and more transparency. Right from short-listing properties to the closure of the deal, digitization has eased the burden on both the property developer and purchaser to a great extent. The pandemic only catalyzed the adoption of digital and virtual mediums to facilitate sales and marketing of properties. One such adoption is the virtual tour of properties that offers a 360-degree experience of the properties. The many advantages that virtual tours present have made their use necessary for most builders and developers.

Convenience

One of the biggest advantages of virtual tours is that they can be accessed from the comfort of their homes. This is a win-win deal for both the developer and the buyer. The developer can target many prospects without investing in resources. The buyer can access and compare multiple properties and developers allowing for fast and easy decision-making.

Enhanced experience

Virtual tours offer an immersive and complete experience. With the use of aids like headsets and 3D imaging, the experience is almost real. As opposed to traditional mediums like photos and videos, virtual tours give a real-time feel of the space, layout, and ambiance for potential home buyers.

Customer Engagement and Sales

Virtual tours engage the buyer like never before. The experience allows them to analyze the property without any restrictions on time and space. The high-quality and interactive nature of these tours leave a lasting impression on the minds of the buyers. As a result, the decision-making is enhanced leading to higher levels of interest and faster lead conversions.

Cost-effective

Gone are the days when looking for a home was a long cumbersome process. The investment of valuable resources like time and money is no longer mandatory. The process of physically visiting the property several times is no longer needed. Virtual tours have eliminated many stages of short-listing and finalizing the property resulting in conversions and closure. This elimination has resulted in reducing the total sales and marketing budget improving profitability. The traditional mode of hiring agents may also be eliminated resulting in savings for property buyers and investors.

As technology evolves virtual tours are expected to offer better experiences. With concepts like virtual reality and augmented reality taking shape, the experiences offered by virtual tours will be more engaging and real. Virtual tours will change the way real estate is marketed by offering add-ons like customizable furniture arrangements and interiors to virtual staging making it an indispensable tool in the real estate industry.