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How VR Entered the Real Estate Business

Virtual Reality is just everywhere nowadays. People love it and use it to play video games or even watch movies. Some use it to do business. This being said, the companies using VR are not only the ones developing the hardware, nor are those developing the software, but rather third-party businesses like real estate agencies, as well as VR modellers. Here is how they are using VR to earn money.

VR – A New Way of Seeing a Property

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Imagine having to travel abroad or even a thousand kilometers via a bus or car just to look at a house you might not like. That ends up with you having quite a hole in your wallet, and an unhappy expression on your face. Travelling a long way just to be disappointed is not something people want to do.

In order to avoid this, people have turned to companies who offer 3D models of a place. But what if you wanted to explore the place in scale, would photos do the trick? They would not, so VR came into play, helping buyers and sellers out immensely.

VR allows people to see and explore a property without even leaving their house, if they have the VR gear necessary to do it. Agencies often have the said gear and will help their clients out. Seeing what you want to purchase without travelling to the actual place is an amazing technological leap forward.

VR – A New Way of Seeing a Lie

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Given how modelling can make things much less prettier than they actually are, VR modelling can also be used to make a house which is not pretty, much more easier on the eyes. This can change things drastically for the buyer who might end up purchasing something which is in a worse position than it looked in the VR presentation.

This comes down to the seller, agency and modeller behind the VR presentation. A crack here, a crack there, these things are not important. See whether the agency you are using as your liaison is a reputable one.

VR – A Presentation for Investors

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VR also helps with potential investors. Instead of showing them 3D models, you could have them walk the models and take a look in person (kind of). Having a VR presentation also screams of confidence and hard work. Taking things one step further is always a good thing, especially if you need to impress a buyer or investor.

VR – Is it Better than the Real Thing?

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In the case of a long trip and a potentially poor house, VR is much better. It is also quite a convenient solution when you want to make a presentation about something which is not yet in existence. Real estate buyers could benefit from it, but only if they use it in the right way. Seeing and walking a house personally will help you get a picture which contains more than just a picture, but also sounds, smells and your own personal feelings.

VR is everywhere, helping all businesses grow and real estate is not an exception.