Miamians living in the 1980s could never have guessed what their city would look like in future. In 2000, the Miami skyline was nothing like the way it was in 2010. At present, Miami is considered one of the most profitable real estate markets in the US. Technology has transformed all industries, including real estate. It has brought flexibility to buy, sell, or get a good idea about a particular market in a geographical area. Sellers are able to get an accurate estimate of the value of their home, whereas buyers can calculate a realistic value for a desired home.
These features are further enhanced by setting notifications. This means that when users’ preferred properties are listed, they are notified promptly. They also get to know about any changes in price tags or recent additions. Here are a few ways websites and other tech resources are changing the real estate industry:
Websites and Social Media
Most common real estate websites are in fact portals which obtain their information from local multiple listing services databases. These include properties listed by brokers and agents. Several real estate websites that list Miami properties give all the basic information about a property. Users can easily filter searches by price, location and the number of bedrooms. They are also capable of filtering property types. Buyers are no longer required to drive to each home for viewing all the amenities.
When a seller lists a property on a website, he posts attractive pictures to tempt buyers. These photos are shot at different angles to catch all the corners of a house. Buyers can view a property on their mobile devices or computers. This helps them narrow down their selections to contact a few sellers. For instance, if you are selling a property in North Beach, you have to target families, while South Beach attracts a younger crowd. You have to position the property according to your intended target audience.
Buyers can search listings for all apartments, condos, family homes, recent development projects or land in Miami. A large number of these websites are free. However, you may need to deal with a real estate agent for fixing viewing dates or closing a deal. Another recent technological trend that has transformed the real estate market is social media.
All sellers, buyers and real estate agents use these platforms to advertise properties through videos and detailed descriptions. A buyer from another state may not know about potential properties in Miami listed on social media sites, such as Facebook. In fact, an increasing number of real estate businesses are establishing their presence on social media.
Zillow.com is undeniably the largest real estate website in the US. More Miami residents have been searching for ‘Zillow’ than ‘realtor’ or ‘real estate.’ With millions of users in its database, all buyers and sellers as well as real estate agents in Miami must register with Zillow. You can also submit new rental and sales listings to Zillow as a free user. If you want to buy an estate, you can search for properties in the Coral Gables area, to use an example.
Being a tech-enabled brokerage automation system, Home61 guarantees transparency to all residential real estate experiences. Innovative features allow convenient scheduling of viewings, 24/7 access to analytics with a streamlined contractual process. The system equally benefits all parties involved including buyers, sellers, renters and agents. Home61 chose Miami for its launch site in 2014 due to its real estate potential. With professional real estate agents, Home61 acts similar to a traditional broker but the innovation in the back-end technology allows easy and quick scheduling of meetings.
If you want to buy or sell waterfront property in Coconut Grove, you can set up an account on Home61 and start searching for the right buyer/seller.
About the Author:
Elena is the Content Marketing Writer at Maltasothebysrealty.com, responsible for managing the content calendar and contributing to the creation of Sotheby’s Realty’s free educational materials, such as blog articles, eBooks and webinars.