Virtual Reality is Coming
Virtual Reality is Coming
There were 148 single family homes that sold in October in the twelve Lakes Region communities covered by this report. The average sales price came in at $415, 954 and the median price point stood at $252,499. That brings the total so far this year to 1,135 sales at an average of $353,122 compared to 1,083 sales at $333,027 for the same period in 2016.
Turkey Day is here once again. And, just as soon as the bird is devoured, some football is watched, and another log is put on the fire many people will start shopping for the latest and greatest Christmas gifts. Black Friday is upon us. In this fast changing world there is always some new technological device that comes along to make the world a little better, safer, or more interesting. People love new gadgets and what they can do. Electronic devices like the latest iPhones, Droids, cameras, drones, tablets, and voice controlled speakers will be huge sellers the holiday season. And, Virtual Reality is also hot.
In real estate, the latest technology is the Matterport 360 degree camera. My partner and I use to create amazing 3D interactive tours of the properties that we have for sale. This hi-tec camera sits on a tripod and automatically rotates 360 degrees to capture images of a room through its fifteen lenses. These images are then uploaded to the cloud which they tell me is somewhere high over California. The camera is then repositioned in other spots in a room until every aspect of the space is captured and then the camera is moved to the next room or level and the process repeated. The camera is linked to an iPad so we can see the progress and ensure every inch of the home is covered.
Once the photography is completed it takes an hour or so to render the tour which you can view on a computer, tablet, or smart phone. You not only get to see a “dollhouse” version of your home showing the structure but you actually get to go inside and “walk” around. You can look up or down and turn around in any direction. You can even open drawers and cupboards to see what there is to eat…that, I am kidding about…but maybe that will be coming soon? The tour engages prospective buyers in a way far more meaningful than just watching a video. The buyer actually gets to explore the home at his own pace stopping and looking wherever he may want.
The program also generates floor plans with accurate dimensions which are great to include in our listing packages. We can also print individual images if desired. The program generates emailable links so we can send the tour to prospective buyers and embed codes so we can put the tour on a web site. Pretty cool!
And, it gets even cooler. Remember that VR (virtual reality) is the next big up and coming thing? It may be the next big thing in real estate, too! Matterport and Google offer a Virtual Reality App that allows you to experience the home like you are truly inside it and not just looking at it on a screen. You download the app onto your phone which literally turns the phone into a 3D viewer. You then insert the phone into a relatively inexpensive cardboard viewer (like a set of goggles) and you are ready to walk around inside the house!
We find that most of the prospective buyers that come to see a property have already viewed the 3D tour on line and that it helped them to decide to actually come and see the house in person. While great photography is ever so important in attracting a buyer to a property, the Matterport 3D interactive tour is often the deciding factor. I can’t wait until someone takes a full immersive virtual realty tour and makes an offer without actually coming to see the home in person…that could just be the future of real estate…and we will be there. You can view some of these tours at www.nh3dhomes.com. Let us know what you think!
Data compiled using the NEREN MLS system.