Proptech - Whats That, And How Does It Effect Me?!

Posted on: 8 September 2018

Prop Tech – whats that??

Property’ has always been regarded as a people business but as times have changed, the complexity of processes, legislation and finance has increased massively making – and sometimes breaking – deals that can take months to complete. Technological advances have made significant improvements in speed, simplification and in some cases, replacement of staff – but is it really the saviour of our industry or any other?

Most sectors of Business now have ‘tech’ movements. The travel business has traveltech, the finance world has fintech. With property, we have proptech!

The advancement of the mobile phone and affordable electronic devices means we are all using ‘proptech’ to some degree in our daily routines. Apps to pay bills, remote lighting, security systems and even shouting at ‘Alexa’ to turn on the T.V! Now, most property professionals are using proptech on every level in the real estate world.

Let’s have a look a just a few of the many tools and gizmo’s either already used or coming soon…

AI and walkthrough tours – Yes, artificial intelligence is entering the property world, and whilst we are not yet near Terminator level yet, but many automated agency functions are already being powered by intelligent machines! Walk through tours partnered with live video calling is bringing together long-distance buyers and enabling them to purchase without ever setting foot in the home.

Apps – It seems these days that there is an app for everything. Here at Hawkins sales & lettings we have a clever app that allows us to take remote photos when using our Virtual Tour 360 deg camera. We have apps for booking viewings, apps for instant online valuations. The major property portals have apps to search property listings and get instant updates as and when they go to market.

Conveyancing – The legal process can be a minefield and the most common annoyance of customers is usually a lack of contact and the time taken to process and send documentation. But with the help of various new apps and software development solicitors can now give customers and agents full access to online progress portals and pass important documentation digitally. Potentially saving weeks of waiting time!

Progress is all about us, and the leaders in any industry are embracing this tech boom. With instant valuation tools on our website, live chat, virtual tours and affiliation with hyper modern conveyancers selling your home as never been more exciting!

 

Various quotes and commentary taken from Professor Andrew Baum’s interview in the negotiator magazine Sept edition.

Share:


Recent Articles

12 March 2019

You're Talking Another Language Again...

  In their own worlds, most estate agents use terms to describe or explain things which make absolute sense....to them! But when used in conversation with a buyer or seller it can often come across as a little confusing. Don't get me wrong, there isn’t any wrong doing there and I...

13 February 2019

Five Ways To Make Your Rental Property Into A Home

When renting a home, it can sometimes seem difficult to make it your own. Here Hawkins Sales & Lettings suggests five ways you can personalise your rental property. High asking prices are making it harder than ever to get a foothold on the property ladder. Home ownership rates for younger...

5 February 2019

New Housing

When a new build development is muted, passes planning and eventually starts, local community can be affected. In our case, the common question asked is whether it will affect the selling of and value of houses in the vicinity. Our professional opinion, based on helping thousands of...

instant online valuation

Get an instant online valuation

Find out how much your property is worth