There are many things to credit for the economy improving and real estate purchases trending upward. It may simply be the natural cycle of an economy. But it also may stem from improved technology, which, in the future, could include drones.
Technology and Real Estate
Sites such as Zillow.com, which recently purchased Trulia.com, allow buyers and realtors to do their shopping (or at least, initial browsing) from the comforts of home. Investors can get preliminary valuations from such sites, and combined with Google Earth, they can get virtual views of potential properties.
Some years back, realtors began using “virtual tours” of the interiors of properties, allowing buyers to see inside a home from their computer. This included the ability to zoom in and out of the properties. The thinking is, when information on properties is more easily accessible, the number of potential buyers will increase. But now, a technology that we tend to associate with war may help sell real estate.
Realtors Ask FAA to Use Drones
You may know drones as those smaller, unpiloted, and remotely controlled aircraft that take surveillance pictures and sometimes drop bombs. They rose to prominence because of their relatively cheaper price than manned aircraft and for the ability to wage war without risking the lives of pilots.
Realtors are now using drones to take aerial pictures of properties to allow potential buyers an even better look at property from the comfort of their own computer. Now, the National Association of Realtors wants to make the use of drones commonplace in the marketing of properties.
The Federal Aviation Administration currently bans the use of drones for commercial purposes (which is no doubt why they are not flying around already delivering pizza, or monitoring your habits to sell to advertisers). The Realtors asked the government for an exception to this rule, calling the drones a “dynamic way” to market property.
The Realtors are not the only ones asking for exceptions. Amazon.com also talked about using them, and some insurance companies are interested in it to help evaluate damage at accidents.
The Benefit of Using Drones to Sell Property
Realtors could conceivably use drones to provide instant online information on surrounding neighborhoods and local amenities, giving potential buyers an in depth view of the entire area where they are looking to purchase. Some say the drones could be used for preliminary inspections, allowing a preliminary view of the condition of roofs, pools, and landscaping. Of course, if your neighbor’s realtor is the one using a drone, you may not be so comfortable with it flying around and photographing your back yard. So there are significant privacy concerns.
There is no way to know whether adding another tool to realtors’ selling techniques will yield faster sales, and thus fuel the real estate market. Certainly, real estate is an area where technology helped in the past, and the realtors are a powerful lobbying organization that may get their way. If so, get ready for the sound of drones out of your window when your neighbor puts up the “For Sale” sign.
If you found that perfect property, do not take chances on this huge transaction. Do your real estate closing the right way, and contact The Slater Firm LTD to discuss the ins and outs of your closing to make sure it all goes smoothly.