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DIGITAL OPEN HOUSES WILL BECOME WIDELY ADOPTED IN 2018

During our last year's Inman article, we talked about the expansion of 3D IMAGES virtual tours in 2017. A record quantity of providers are already using 3D IMAGES virtual listings & VR experience to attract more homebuyers over the internet. These technologies get clear of the need to attend a physical open up house, and therefore, only serious buyers will show up, as well as ask for a private showing.We'll send you a list of leads that don't have an agent or have a home to sell, so you know where to focus your time.

 

This kind of trend will continue to gain momentum in 2018. We feel that digital open up houses should be one of your prime concentrates when marketing your results in the new year.Then, smart real house professionals will invest money in open house advertising online, creating more interest in the house, and these landing pages, they shall be able to acquire potential client information. Therefore, we recommend you try this procedure!


Residential property sales likely to improve in 6-12 months: Survey

Real estate purchase sentiment index has improved by almost 2.5 points to 32.3 in September this year reflecting an improvement in consumer interest after a long period of lull, says a survey.

According to ZyFin Research, the index improved by 2.5 points to 32.5 compared to 29.8 in August, suggesting a recovery in consumer interest after the score bottomed out in April this year.

"This improvement in the overall index signifies that a larger number of Indian consumers are planning to purchase homes within the next 6-12 months," ZyFin Research Chief Economist Debopam Chaudhuri said.

According to the survey of 4,000 consumers in 18 cities across the country representing urban consumers, the improvement was led by stronger confidence levels in the north and south India compared to those in the east and west.

While the index in the north rose to 44.8 in September from 40.2 in the previous month, in the south, the score increased to 40.5 from 36.4.

The index is at its lowest in the east at 20.7, but this is also an improvement over the previous month's score of 19.1. The west registered a score of 27.5 in September, as compared to 26.7 in August.

"Historically, the sentiment index has had a strong correlation with actual sales of homes. With the festive season coinciding with the recovery in sentiment, home sales are expected to be better this season, as compared to 2012 or 2013," Chaudhuri said.

Of the 18 cities surveyed, Delhi, Bengaluru, Hyderabad, Mumbai and Mangalore hold an optimistic outlook on purchasing homes, the survey highlighted.

Of these, Bengaluru and Mumbai have turned optimistic from pessimistic in the current month. While Bengaluru posted a score of 62.5 in September, as compared to 42.5 in August, Mumbai improved to 52.5 from 40.5. The remaining three, Delhi, Hyderabad and Mangalore, have been consistently optimistic on home purchase in recent months, the survey said.