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The Next Big (Tech) Step in Real Estate?

I watched the following video earlier this week and was blown away.  The basics of what’s described (kind of a mobile computer/projector/app device) are not that complicated; as a matter of fact, the mock up is made from off the shelf components.  Imagine when these are combined into one sleek pendant hanging on a stylish chain…

The video shows some of the more fun uses (draw a temporary watch on your wrist with your fingertip, take a picture by holding up your hands to frame an image, “see” social media key words associated with anyone you meet… in real time, the list is amazing), but I was struck by how powerful this can be for real estate agents.  I listed a few ideas below – watch the video first though.

Imagine walking your clients through a home with this device.  Want to look at the neighborhood comps again? Why crowd around my Pad when we can just sit down in the dining room and see everything laid out on the table itself.  Curious how a room would look if it weren’t painted Jimi Hendrix purple? Go ahead and stand back while I bathe the room in light close to the color you prefer. (Foam green?  Really?)  Don’t know if your entertainment center will fit on that wall?  No problem, I’ll project a 3D image and we’ll check it out while we’re here.  Prefer a guided tour of everything that’s right with this home (and maybe some of what’s wrong)?  Great, the owners themselves are here virtually and will discuss each room as we walk into it.  Want to write an offer?  Great, let’s just step over to the living room wall here and sign your name using your finger.

Those are just a few ideas from a non-tech guy.  What would you do with this device?

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  • 6 comments

    6 Comments so far

    1. Pat Vredevoogd Combs September 14th, 2011 11:35 am

      I’m blown away – Yes, and I can see unreal real estate applications…thanks for sharing this!

    2. Teri Lussier September 15th, 2011 7:42 am

      You blew my mind, but not for obvious reasons.

      A Realtor was recently telling me that it was never about access to homes or the MLS that made Realtors valuable to clients. It’s understanding the processes, contracts, negotiation skills, and the details and minutiae of a few specific neighborhoods, and having the ability to put that information to use for my clients that makes us valuable or not.

      I don’t believe that big box brokerages as corporations do a very good job of teaching their individual Realtors this. Brokerages are going to have to change their methodology to stay relevant- a whole other post- and probably sooner than later as technology moves faster then we ever anticipate… Good times ahead! :-)

    3. Cliff Stevenson September 15th, 2011 11:03 am

      Wow. Unreal. What an amazing concept. Yes – the application for real estate professionals would be amazing, but I can’t get over the fact that this was recorded 2 1/2 years ago. With the rapid improvements in technology, I would love to find out where this is at now. Thanks for posting this video. Awesome.

    4. Don Reedy September 16th, 2011 9:44 am

      Years ago, about twenty, I bought my two-year old niece a telescope for her birthday. It was a cheap one, but you could look at the moon and be quite amazed.

      I was asked repeatedly if buying a telescope for a two-year-old was really the right gift. I responded “What wouldn’t you want to know if you could know it?” I’ve been curious most of my life, so having information about stuff turns me on. It seems to have worked the same for her, by the way, as she is one bright, wonderful young lady now.

      This sixth sense technology (very cool by the way, Sean) gives me visceral hesitation, though, and I am thinking that maybe it’s too much given that we (as humans) haven’t even figured out how to best utilize our five senses yet.

      Once the genie is out of the bottle we’ll probably all swarm to the promise of all this technology stuff. Will we add to our repertoire, or merely abandon the skill sets we currently have? Questions…ah so many questions.

      Thanks for this, Sean.

    5. Lily September 21st, 2011 12:03 am

      Wow, this is amazing! I cannot even imagine all of the doors this will open for real estate agents.

    6. Chloe September 26th, 2011 12:07 pm

      Wow! I can’t believe that this is what they had 2 years ago, imagine they progress they have made since then! The application would be great for real estate!