Survey: Despite being a seller’s market, most buyers succeed without breaking a sweat

In the highly competitive housing market, stories abound of buyers making all-cash offers and using risky strategies such as waiving contingencies in order to make their bids stand out. But for all the anecdotes of bidding wars and frustrated buyers failing time and time again, the reality is somewhat different for the majority. Recently published

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How to spot bathroom problems during a virtual tour

Bathrooms are usually always smaller spaces within a home, and so it’s possible that home shoppers could miss some important problems while checking out a property through a virtual tour. Some problems might require further inspection, and so it’s up to real estate agents to act as their clients “in-person eyes” while searching for a

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Renters want virtual tours too, survey finds

More than 70% of renters say they would be happy to rent an apartment without seeing it in person first, if they could check it out through a 3D virtual tour. That’s according to a survey jointly commissioned by Zumper, a rental marketplace, and Matterport, which provides 3D and virtual tour services. The survey notes

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More people are buying homes without seeing them first

Digital technology is rapidly going mainstream in real estate, and many home buyers are so confident in it that they’re going ahead with their purchases without seeing their new properties in person. Take the example of one anonymous European buyer, who recently splashed out a stunning $6.3 million to buy an entire island off the

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24% of consumers embrace virtual home buying

Real estate professionals might be forgiven for thinking the coronavirus pandemic would hit their businesses hard, but instead, it seems that consumers are more than willing to embrace online listings, detailed photos and virtual tours of the homes they’re interested in. In fact, many are quite willing to put down an offer on a home,

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How to prepare for a video home tour

With most Americans continuing to stay at home to try and prevent the spread of the coronavirus, real estate agents are increasingly relying on video or virtual home tours to show clients their listings. Many agents feel that these video tours can help make up for the lack of an in-person viewing, but they still

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Redfin reports rise in offers from virtual tours only

With most buyers resorting to virtual tours as the only way to actually see inside a listed home during the coronavirus outbreak, one might be forgiven for thinking that home buying activity is all but dead. But in actual fact, many real estate brokerages are still doing business, with Redfin reporting that some 12% of

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The U.S. shuts down, but home selling goes on

Even as COVID-19 forces mass closures across the United States, home selling is still happening. That’s according to Redfin, which says real estate professionals have quickly adapted to working from home. Redfin said it saw a 494% increase in requests for agent-led video tours last week, following an 80% increase the week before. Most of

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Virtual tours catch on as Coronavirus outbreak spreads

Real estate professionals are increasingly opting for virtual house tours to show off their listings as the coronavirus outbreak continues to cause fear in the U.S. The move comes as Leonard Steinberg, chief evangelist and corporate broker at Compass, called for a two-week moratorium on in-person home showings. Meanwhile, Redfin’s CEO Glenn Kelman has said

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Zillow launches 3D Home app for more realistic virtual tours

Millions of home buyers and sellers will soon experience immersive virtual home tours with the launch of Zillow 3D Home nationwide in the United States and Canada. Zillow 3D Home is an AI-powered mobile platform for iOS devices that allows anyone to capture 360-degree panoramic photos of a home and easily create a 3D tour,

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RealtyBizNews: Real Estate Marketing & Beyond