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Science fiction here now and will play a big part in the industry’s future

12 December 2018 Tim Neary

Science fiction is quickly becoming a reality and it will continue to influence the future of real estate, most likely in the form of augmented reality complementing virtual tours by way of projecting information onto areas, or items, of interest, according to PHORIA’s Wade Angelo.

He said that this would more easily provide the opportunity to upsell features of the property.

“You’ll be able to have a guided tour through a smart or wearable device that knows where you’re located within millimetre of accuracy, providing a digital layer of information that cannot be seen by the naked eye.

“It will give buyers more information into desired properties, vendors will better market their properties to an international audience, and real estate agents will be able to gain unique user insights and target a connected international real estate market.”

Mr Angelo said that smart glasses known as mixed reality wearable devices are already here.

“With the newly released Magic Leap One, PHORIA’s team was privy to this remarkable piece of technology that unlocks digital objects and layers embedded throughout smart homes and buildings.

“With Apple pegged to launch MR smart glasses in 2020, augmented and mixed reality devices will begin to accelerate with mainstream adoption. We will begin to witness developers and agents use these tools as easily and commonly as our smartphones.”

Science fiction here now and will play a big part in the industry’s future
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Where is the biggest threat to agents in 2019?

3rd party lead generation companies
DIY models discounting sales commission
Prop-tech firms cutting out the agent value proposition
A yet unidentified proper disruptor – like Uber or Airbnb
None of the above. There is no threat.
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