Real Estate Virtual Tours Help Overcome the COVID-19 Pandemic

04.23.2020 | Soliton Blog

picture of new home, that is using a real estate virtual tour

COVID-19 has changed the way we do business, interact with the world, and buy and sell homes. It will likely never be the same, as we discover new efficient ways to remain productive. Real estate virtual tours are critical to the recovery effort during the COVID-19 pandemic.

Without the ability to tour because of stay at home orders and social distancing, it can be impossible to complete a sale during this crisis. With a downward turn in real estate, it’ll not only hurt the market for years to come but it’ll also render more real estate agents and brokers from surviving.

A listing without 3D touring capabilities could spend months on the market unseen. From safety concerns to home values, here’s everything you need to know about using virtual tours during the COVID-19 pandemic.

Virtual Tours for Real Estate Agents Provide Safety

Health and safety are of the utmost importance during this crisis. With social distancing and stay at home orders in place, it's difficult to tour homes in person without fear. The health and economic concerns are taking their toll on the real estate market.

“I won’t be surprised if sales activity could be down 30% or even 40% in the next months,” according to  Lawrence Yun, chief economist of the National Association of Realtors, said in a press conference, “Significantly more listings are needed.”

On the west coast of the US, properties a million dollars, or higher are trending down, in year over year sales, already. Access being a clear deterrent, live streaming for “open houses”, using “virtual tours”, and drone tours with Soliton’s ZAO-S help buyers access properties, virtually, in real time.

With access to portable video encoders for rent, you can stream full HD live 3D tours from anywhere. You can host an open house, give a custom tour, and point out the details of a home without ever meeting in person.

Real Estate Virtual Tours Are Convenient

Because of the pandemic, homes may also be full of parents and children who are usually gone during the workweek. Virtual tours allow people to stay at home without needing to venture out during showings.

It's hard to be available while you’re also trying to juggle life and schedules on the home front. With a virtual tour, real estate agents can show a home without ever asking the homeowners to leave.

As a home buyer, it is also convenient to look at tour homes virtually. Realtors can send out any number of homes to tour without putting your health at risk.

Virtual Property Tours Increase Value

Too often, people go tour homes and they aren’t serious buyers. Using virtual tours, you’ll be able to show a home without wasting any time for people who aren't interested.

Once a potential buyer has looked at the 3D tour, you can determine later if they have serious interest. This saves the in-person tours for only those looking to make an offer. Even before the pandemic, real estate virtual tours were becoming increasingly popular. With so much of the real estate process done online, if a property doesn’t have a virtual tour available, people may skip over it.

Buyers want to take their time and get a feel for the home. Virtual tours let them do so on their own time. Even the most beautiful houses can sell for less because their marketing isn’t up to date with modern technology.

Use Video Tours During the Coronavirus Outbreak 

COVID-19 has completely changed the real estate market. With open houses and tours canceled, it can be almost impossible for real estate professionals to show homes. Whether you’re a real estate agent or a homeowner needing to sell, 3D tours are a must in the current climate.

Real estate virtual tours allow potential buyers to see a home from the comfort of their couch. There are no safety or health risks involved and you’re still able to put a home in front of serious buyers.

To learn more about these incredible streaming and 3D video products, fill out the contact form here.