Coldwell Banker Real Estate Corp. has entered the matrix. The company is selling virtual homes in Second Life, a three-dimensional virtual world with about 1.7 million active "residents" and 5 million total users. Residents in this online world are represented by avatars, which are customizable characters.
The company has set up a corporate headquarters in the online world and is selling virtual homes through a sales office.
"These virtual homes will vary in price based on size and style, including southwestern, colonial and contemporary, among others," the company announced.
Coldwell Banker has an inventory of about 500 homes for sale on 134.4 virtual acres in the "Ranchero" section of the Second Life world, and the company is also offering some hilltop homes with a view of a simulated ocean.
Users can meet with a Coldwell Banker "sales associate avatar" to schedule an appointment to tour the virtual homes -- and will receive free furniture as a closing gift. The company offers a Coldwell Banker virtual helicopter to assist users in viewing properties and touring the company's headquarters.
A "virtual palm-scanner" that provides Coldwell Banker with information about the buyer's qualification status to purchase a property. The announcement doesn't mention whether home buyers must pay a commission.
Besides the virtual realty tools, Coldwell Banker's headquarters within the online world also offers tools to search for real-world properties and look for real estate agents.
The company sees a parallel to the pioneer landscape in Second Life and the post-earthquake environment in San Francisco, where the company's original founder, Colbert Coldwell, established the business in 1906. And it sounds like the company is working to bring its brand of professionalism to the virtual universe.
"Rather than having to negotiate for top dollar with Second Life 'land barons,' users can visit our virtual office and interact with our virtual sales associate to buy homes from Coldwell Banker at reasonable rates," Coldwell Banker marketing executive Charlie Young said in a statement.
"Coldwell Banker was founded just 18 weeks after the earthquake largely because our founders saw the need for ethics and integrity in assisting victims of the devastation who were being preyed upon by unsavory businesspeople. We want to do the same thing in Second Life: give residents the opportunity to participate in fair and reasonable real estate transactions." Second Life's real-world headquarters is in San Francisco.