The latest technology advances changed the majority of industries, and real estate is also the industry that demands change. The age of brick-and-mortar agencies is drawing near, as the internet takes over the most of the business.
The lack of changes in our line of work is mainly due to the necessity to share files among the members of the company and have regular meetings to discuss various real estate. This is possible over the internet, but it’s easier to do in person.
The significant changes in the industry come with the advancement of the cloud technology. This new tech allows us to create a virtual copy of our office, where we can share and work on everything at the same time. Do check below why we took a step toward virtualized real estate business, and what we gained from it.
Advantages of the virtual office
Trying to replace classic office work with virtual business is futile when it comes to real estate. This is why we chose to supplement our office with cloud tech rather than try and fail to replace it. And we have to say that it works. We don’t have to pay rent for a large office as most of the work is done over a cloud server. We do have an office, but it’s small, and we use to for counseling only. The costs of documentation and other types of communication are also down due to the versatility of this new technology.
We aren’t the only party that prospers from this new way to run the business; our client experience some of the advantages as well. The latest available technology lets us provide better service to our clients. For instance, the virtual server allows us to get more leads, and that helps both the seller and the buyer.
How an efficient cloud real estate business looks like
Our office is small, and it has only one conference room. It also has two computers for agents who want to show something to others at the meeting. All other sharing is completed online.
We do have a physical file cabinet, but only the top-tier has access to it. Other people may review documents that are stored online. Every record is accessible only by people who have a need to review it. Others don’t have access to such records.
All advantages of the office over working from home (direct communication, announcements, bulletin board, and up-to-date calendar) are gone in this day and age. We do all of those things over the internet, and this makes us more efficient than before.
Virtual Brokerage is the future
This is the future, and there is no question about it. Driving to clients’ residence just to present them a document is a thing of the past as well. We just contact our customer and give them the access to the online document on our server, and the problem is solved.
Some physical aspects of this business still exist, and they will stay relevant in the future as well. It’s a mistake not to take advantage of the technology, and those that do eventually go out of business.