Advantages and Disadvantages of Technology and its Impact on Real-Estate

1. Advantages and Disadvantages of Technology and its Impact on Real- Estate Either an MNC (multinational corporation) or SME (small and medium enterprise), just like any other business in the world, technology, especially Information Technology has impacted the real estate industry too. In fact, technology can have sole credit for changing the dimensions of this business. Today, both from buyer and seller perspectives, this market is pretty much technology-driven. Thousands of jobs all across the world are directly associated with the digitized version of real estate. Though technology impacts real estate in a ton of positive ways, everything comes with a cost. In the case of this industry, the cost is a few cons. But anyhow, pros dominate those cons in every way possible. Positive Impact of Technology on Real-estate ●Speeding up the process It is a common perception that selling or purchasing property can take up to months. Technology totally changed this dimension of real estate. Booking and confirmation of sell/purchase of properties take only a few days. For example Deal and Deals complete the process of plot booking in Blue World City Islamabad, Rudn Enclave Rawalpindi, and Blue World City in days merely. ●Sales and Marketing Today, most of the marketing of a real-estate agency is digital. Besides that, technology is heavily involved in sales too. Real-estate agencies and the general populace both benefited because of this. Now a real- estate agency can reach out more potential investors via the internet and other marketing mediums compared to traditional methods. From people's end, now a person wanting to make a sale/purchase can access all the information without physically stepping foot from his home. Rapid technological advances removed all the traditional practices from the real estate’s ecosystem. ●Better communications Communication is the backbone of the real estate market. Technology enhanced the communication process effectively. Today, a real-estate agency/seller/ can communicate with potential buyers more efficiently. If you’re looking forward to investing in Blue World City Islamabad, Rudn Enclave Rawalpindi, and Blue World City, our virtual assistants at Deal and Deals are available all the time to assist you. ●Facilely in real-estate transactions Transactions in this industry are usually greater in volume making it notoriously difficult. Bigger the investment, the bigger the risk affiliated with that.

2. All thanks to technology, today there is software specially designed for real-estate agencies and their accounting department needs. They make it pretty simple to orchestrate and track every step of the transaction process. ●Reduction in manual labor Today a real estate agent is more focused on potential buyers than the contemporary processes associated with the sale/purchase process. Technological advancements eliminated a truckload of manual labor from this industry. There are ready-made solutions for almost everything from marketing to data analysis. ●Rise of online real-estate businesses No more need to spend days on roads to hunt a perfect property. The advent of technology gave rise to tons of online real-estate agencies. In fact, some of those agencies are multi-million corporations. Anyone can connect with their agents via just clicks. At Deal and Deals, there is e-assistance available for everyone. For example, if you want to even just explore safe investment options especially in twin cities our professional agents are available to serve you. Negative Impact of Technology on Real-Estate ●Elimination of jobs Technology has removed the need for multiple jobs which were there in traditional real estate. A lot of positions and the need for manual labor do not exist anymore. ●Scams Ever since technology dominated the real estate industry, there is a visible increase in fraudulent activities. People scam investors by posing as some real-estate agency. Besides that, most information is online now. This sensitive information is always at risk to be stolen by hackers.