As smartphones took our lives and let us control almost everything from the tips of our fingers, real estate industry is now starting to ride this trend through real estate listing apps available in the market.
In a report by surveymonkey.com, online apps and website for finding listed real estate properties are starting to gain popularity among its consumers. A survey was conducted among more than 2100 reposndents and 21% of its respondents said that "they have made on offer" despite of not seeing the house or property personally. This trend of acquiring properties with only using an app or online real estate search engine is gaining popularity among the millennials, 30% of which have already decided to buy a house after just seeing it on the internet. What's more surprising is that 53% of these buyers of home costing more than $750, 000 have already confirmed their purchase without seeing the property first.
Survey also showed that though consumers purchase houses through online means, they're still picky when it comes to which site to trust and look for a suitable home. Also, 17% of people who have bought houses in the past two years have purchased homes without the help of any real estate agents.
According to time.com, Compass, a real estate search website have raised $50 million as funding for their expansion to develop their operations data analytics.
The Compass is not the only real estate search website that's gaining a lot of popularity among investors and possible home owners or buyers. Websites like Trulia and Zillow have already made their mark of being one of the most trusted real estate website. People are now becoming more open to different on how to keep up with the progressing technology all over the globe. More and more people are placing their trust on pictures that a website can offer to its clients.
