Currently Reading

Homebuyers Turn to Virtual, Robot, and Solo Tours in the Age of Social Distancing

Advertisement

Homebuyers Turn to Virtual, Robot, and Solo Tours in the Age of Social Distancing


March 31, 2020
Virtual Home tour
By Prostock-studio

Spring may be heating up, but the housing market has cooled way down, thanks to the coronavirus’ spread. But some families still need to find a home, so they’re turning to the digital tools and solo tours more realtors are offering due to the pandemic. Redfin saw an almost 500 percent increase in requests for agent-led home video tours two weeks ago, and the sales of one company that sells lockboxes are rising as more homebuyers seek solo in-person home tours. Even the use of robots is seeing tremendous growth: Instead of agents taking a homebuyer directly around the house, they use a robot to show the place and speak directly to the client at a remote location. No, this is not 2050. This is here and now, as the adoption of technology is expedited in these uncertain times. 

While homebuyer demand has plummeted, there are still some out there who may need to move, and either purchase or rent a home. So, much like all interaction in the age of COVID-19, home touring is moving online, using robots and going solo.

Zillow, a home listing site, said it saw a 191% increase in the creation of 3D home tours in the first weeks of March compared with the average number created in February. Even before the coronavirus, listings including a 3D Home tour were saved by users 50% more, and those homes sold on average 10% faster.

Redfin, a real estate brokerage, saw a 494% increase in requests for agent-led video home tours two weeks ago and at the beginning of last week 18.9% of tour requests from Redfin.com were video-chat tours, up from 0.2% at the beginning of March, a 94-fold increase.

Read More

 

Related Stories

Sales

This Flat-Fee Brokerage Wants to Disrupt Denver’s Real Estate Market

Utah-based real estate brokerage, Homie, promises to have your back as a homie should. The company calls itself “disruptive” and wants to use…

Sales + Marketing Trends

Measuring Buyer Demand From Showing Appointments

Measuring buyer demand in a different way, the ShowingTime Showing Index compares the number of appointments made for virtual or in-person …

Design

What Features Prospective Buyers Focus on During Showings

What do homebuyers look at first when touring a prospective home? With the help of some eye-tracking spyglasses, there are actual hard facts that…

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.