While the events of Covid-19 are mostly behind us, there are several technological advances that came about during the period that have lingered, and have forever changed the way many buyers operate in the real estate market.
Virtual inspections became very popular during the lockdowns that affected the nation in 2020, with many real estate businesses quickly adapting to the affordances of virtual inspection technologies in order to keep the wheels of the market turning. While the technologies provided just what buyers and real estate offices needed during the time, they also paved the way towards a true widening of real estate markets, with agents able to showcase properties to interstate and international buyers and renters.
According to Australia’s largest virtual inspection platform, Little Hinges, the trend in virtual inspections didn’t decline once the effects of Covid did, in fact it kept climbing. Here on the Gold Coast an average of 1 in 3 inspections is carried out virtually; interstate buyers account for half of those figures, with 7% coming from international inspectors.
In addition to placing properties in front of interstate and international buyers, virtual inspections provide instant access 24/7; no more waiting until Saturday Open Homes. With greater access, virtual tours conjure up greater competition and drive-up prices. With all these advantages one thing’s for sure – virtual inspections are here to stay!