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Five in Five: Five tips from #icny17 day2

Some notes from Sam’s Five in Five from #icny17 – Day 2

On day two we looked at the concept of saving and compressing time in real estate as we expect other transactions in life to be similarly compressed. Here are five technology trends we saw at Inman on Day 2

  1. Taking home inventory/creating home logbooks. Similar to the concept of a logbook on a car, a home logbook allows you to save time in writing ad copy, as well as being able to track wear/tear/appliance warranties and more
  2. Speed of Sale type collaboration tools – for example – an app which you can add all parties (eg banks, solicitors, agents etc) involved in the transaction and similar to a facebook group will “ping” each person with a notification when it’s their turn to do something. Would greatly improve the efficiency of the transaction with the validity of electronic signatures. Not something our legislation allows for right now.
  3. Neighbourhood ratings – Buyers can make quicker choices on properties by reviewing ratings on particular buildings. This can include problems like safety, litigation, noise and pests.
  4. Big Data – Topic keeps coming up… many different types of CRM technology which look at predicting who will list first.
  5. Home Staging/Photography/Modelling – Apps such as rooomy and Rhinov make it very easy to stage an empty room via the magic of photography. Rhinov goes one step further by using a human interior designer to create a fully designed room.

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