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Topic 1: Business Issue Real Estate Search & Virtual Tour

Topic 1: Business Issue Real Estate Search & Virtual Tour. Dan Ru ISYM-540 07/02/2009. Real Estate. Buyer. Broker. Seller. History. 1 st virtual tour 1994 3D reconstruction of Dudley Castle as in1955 1 st user Queen Elizabeth II + =.

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Topic 1: Business Issue Real Estate Search & Virtual Tour

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  1. Topic 1: Business IssueReal Estate Search & Virtual Tour Dan Ru ISYM-540 07/02/2009

  2. Real Estate Buyer Broker Seller

  3. History • 1st virtual tour • 1994 • 3D reconstruction of Dudley Castle as in1955 • 1st user Queen Elizabeth II + = Virtual Reality Royal Tour Virtual Tour

  4. Today • Web-based • Interactive • Multimedia elements • Sound effects, music, narration and text • Popular applications • University web-tours • Real estate industry

  5. Methods of Creation • Stitching photographs • Video-Based virtual tours • Specialized Software

  6. Stitching photographs • Panoramic image • Digital still pictures • Taken from the same point in space • Varying pitch and yaw • Not require any specialized equipment • Limited depth of field • Space appear warped

  7. Video-Based virtual tours • High-quality Videos • Walk-through Properties • Point of view is constantly changing • Require more technical skill and equipment • No viewer control of the tour • Same tour for all viewers

  8. Specialized Software • Media rich virtual tours • Highly interactive to mimic reality • Video game – second life • 3D virtual world • Fun but expensive

  9. Popular Real Estate Virtual Tours • Interactive floor plan • Full service virtual tours

  10. Interactive floor plan

  11. Full service virtual tours

  12. Benefits and Futures • Available 24/7 • Reduce number of physical tours • Save time and money • Attract 40% more buyers • Cost from high to low to free • Google street view

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