Video: Could virtual reality home tours help out-of-town buyers?

This high-tech opportunity still seems out of reach -- but here's one way that it might work for the real estate industry
  • Real estate seems like a no-brainer for virtual reality adoption. But its cost and lack of easy application is preventing widespread adoption.
  • Virtual reality home tours could not only help long-distance buyers but also decrease the number of property showings that a buyer agent has to attend.

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Have suggestions for products that you'd like to see reviewed by our real estate technology expert? Email Craig Rowe. It's taken me a while to understand what kind of impact virtual reality (VR) will have on real estate. Until recently, I've envisioned it as mainly a slick marketing touch. However, the practicality of having out-of-town buyers use it to tour a prospective home or builders using it in their sales office made me realize that virtual reality can feasibly and dramatically reduce the number of homes a buyer agent needs to tour. In fact, I have an idea about how VR may very well impact the future of the industry. What are your thoughts? Can you see a future for virtual reality in real estate? Have a technology product you would like to discuss? Email Craig Rowe....