Posts Tagged as real estate technology

Bitcoin is Now Being Used for Real Estate Transactions

Bitcoin Now Accepted for Real Estate Transactions in NYC and Miami

What real estate news is shocking agents and brokers across the country? How many people have bitcoin – and are looking to use the cryptocurrency in their next real estate transaction. Offers from bitcoin buyers are popping up across the map, and agents and sellers are opening up to the concept of the new monetary medium.

Pushing the Boundaries of Sales
Real estate teams nationwide are rapidly taking notice of Bitcoin, tapping into the emerging market with online marketing targeted to bitcoin investors. What do sellers think? It doesn’t seem to matter where the money comes from, so long as closings commence and titles transfer. And the Bitcoin bonus? It transfers far faster than 401k withdrawals, converting to cash in minutes via global Bitcoin payment service providers. It’s also easily held by trusted third-party escrow services.

How Prevalent is Buying Real Estate with Bitcoin?
According to real estate news, Bitcoin is boosting sales in:

– Miami: A man unloaded his Coral Gables home for a jaw-dropping $6-million, approximately 1,600 bitcoin currency (BTC), drawing increased interest to Miami for worldwide Bitcoin buyers.

– New York City: The Big Apple is taking a bite out of Bitcoin, with Magnum Real Estate opening the firm’s doors to Bitcoin deposits. The city is known for marketing homes and apartments available for Bitcoin, with commercial space expected to follow suit.

– Lake Tahoe: The sale of a 1.4-acre California property on a 42-site resort for $1.6-million (2,739 BTC) in 2013 has opened new avenues for residential and commercial Bitcoin sales.

Looking to the Future
Though you may have some explaining to do, real estate news points to studies showing a growing knowledge of cryptocurrency as well as the willingness to invest in and use Bitcoin across all age groups.

Ready to put a little Bitcoin jingle in your e-pocket? Market your properties with the latest tactics and tools from Properties Online today.

Bitcoin is Now Being Used for Real Estate Transactions

Bitcoin Moves to Real Estate – a Real First!

“Accepts Bitcoin” signs are popping up worldwide from NYC to South Africa. Rapidly gaining acceptance, Bitcoin use is growing from smaller coffee and retail merchandise purchases to the first ever real estate buying transaction accomplished entirely via Bitcoin. Another sign of the widespread acceptance of the currency, a newly built custom Texas home’s entire purchase price was recently transferred to its seller/builder via Bitcoin.

Show Me the Money
The seller later converted the Bitcoin funds to USD. Shocked by the ease of the process, the broker stated, “In all of my 33 years of closing transactions, I honestly couldn’t have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done…” Leading to other companies and industries to look at this and similar digital currencies as a means for investments and asset transfers.

Why Use It for Real Estate Buying?
Quicker, cheaper, and more reliable than currency tied to individual nations, anyone can purchase and sell Bitcoins via online digital currency exchanges. Finite in number with complicated identification (hexadecimal code) – they are far more difficult to steal than other credit sources. However, Bitcoins today don’t offer complete protection against fraudulent charges.

What the Heck is Bitcoin, Really?
Bitcoin is simply digital currency. But unlike nationally-specific currency, it doesn’t experience inflation. It’s number is finite: 21-million max. Divorced from government, it cannot be diluted by the introduction of new currency. It’s value variable: Up $1,200 from April to May alone. But it’s entirely digital – you cannot carry one in your wallet. Cryptography is used to secure transaction and coin creation, putting it in league with other ‘cryptocurrencies’ like IOTA, Litecoin, Peercoin, etc. (This site breaks it down using an easy to follow metaphor.)

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What Smart Home Technology is Trending in Real Estate?

Hey Alexa, will the next listing looky-loo really care that my home is smart? 80-million smart home devices were delivered in 2016 – up 64% from the previous year, and expected to climb even higher in 2017. In today’s spotlight on real estate trends, we’ll take a look at what smart home technology is trending, why – and how being in-the-know on smart tech can give your business a boost.

Getting On-Board with the IoT and Smart Tech
Eighty-six percent of millennials and 65% of baby boomers are willing to spend more to rent a home with smart tech. And it stands to reason they’ll spend more to purchase a home harboring it as well. Smart tech can make it easier for you to market and sell homes, especially to younger audiences.

Which Tech is in High Demand – And Why??

Smart Thermostats
HVAC consumes the largest amount of energy in the home. Smart programmable thermostats save money, adjusting temperatures when the home is occupied (and not) to save on electricity – some 12-23% of power costs.

Smart Home Security
A growing concern, studies show 60% of convicted burglars are deterred by the presence of home security. Smart security offers effective, affordable protection, with cloud-storage and incident support as little as $10/month. An easy sell for agents.

Leak Detection Sensors
Safety devices like smart fire and smoke detectors, carbon monoxide monitors, radon, and moisture detectors are a large part of what qualifies a home as ‘smart’ to buyers. And the benefits are obvious. What’s more, when used on older homes they can instill a sense of confidence in home dependability.

Smart Watering Systems
An easier way to plan restriction-compliant watering – and track usage.

Smart Garage Doors
Forget to close the door? Unexpected visitor? Problem solved!

Being in-the-know on smart tech makes smart business sense. Take advantage of the latest real estate trends with the help of Properties Online today.

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The Top Tech That Changed Real Estate in 2016

New Technology Such As Drones are Revolutionizing Real Estate Marketing

Real estate industry insiders are finally cozying-up to real estate trends and technology following a mind-numbingly long, pothole-laden journey. Now embracing technological advancements that break the mold rather than remaining stuck in it, the industry has seen a blinding array of game-changers this year.

What tech-driven real estate trends knocked agents onto a different course in 2016?

• Smart homes
The home itself is changing: 82% of buyers are interested in increasingly affordable, convenient smart tech, from locks to thermostats and lights.

• Drones
In June the FAA finally made it easier for agents to legally fly drones without certifiable “air time,” putting a whole new arsenal of weaponry in the hands of agents, sellers, and buyers.

• Video
Video has gone viral, literally, offering a new way for buyers to get a feel for a property – sans-travel. Are you cashing in on this proven and effective real estate trend?

• VR goggles
Taking video up a notch, VR goggles now allow Joe Buyer a virtual 3-D, 360-degree tour of listings and neighborhoods from their local real estate office – or lazyboy.

• Predictive analytics
While not new, predictive analytics made great progress this year, weaving deeper into the mainstream to personalize and streamline service for buyers and sellers.

• Home selling automation
Venues like Opendoor have hijacked the reins from sellers agents. This type of seller-centered technology is driving big changes in the real estate selling marketplace.

Bots
Bots buzzed to the periphery this year via text, FB messenger, Inman, and more, promising to be the next frontier of customer service, though they have yet to have a direct impact on the realty business – yet.

• The sharing economy
Collaborative ventures (Realtor + Airbnb, TaskEasy) offer possibilities for consumers that change the way real estate is sold.

Are you missing out on top real estate trends and technology that could make your business stronger? Bulk-up your arsenal – and your checkbook – with Properties Online today.

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Smart Lead Capture Embraces the World of Mobile for You

Some of the hardest real estate business tips for agents to embrace involve technology. Learning curves can be overwhelming, especially for busy agents. However, in today’s world most of us are already heavily embedded in the high-tech communication form of choice: Texting. Used widely across all populations, Millennials can’t get enough of it; Generation Z, next in line for first home purchases, can’t put it down. Gen X’rs, Boomers and even some of their senior predecessors have jumped on the texting bandwagon. Are you taking advantage?

A must-have for every agent
People never leave home without their smartphone, enjoying it as a means of fast, easy access to people and information. With Smart Lead Capture, providing this on-demand access can also be fast and easy for you, trimming response time from hours to seconds, and snagging potential clients before they go elsewhere.

Mobile is the wave of the future…
And incorporating it into your marketing practices is surprisingly easy. Chances are you already use it as a primary means of communication, but have been shying away from integrating it more fully into your marketing agenda due to “the fear factor.” Luckily, Smart Lead Capture embraces the world of mobile for you.

Simple implementation that allays fears
Add a property listing and the Smart Lead Capture System automatically generates a mobile property website and Smart Capture Code. Add codes to digital and print marketing materials with a quick cut-and-paste or pre-printed stickers, and prospects can easily “text for more information.” This will allow you to capture clients fast and first with the help of immediate lead alert texts and a rapid auto-response, which will provide the quick follow-up that’s necessary to build relationships in today’s mobile world.

Are you missing out on real estate business tips and technology that keeps you a step ahead of the competition? Capture prospective clients quickly and easily with Smart lead Capture from Properties Online.