Real Estate Investor Magazine South Africa Real Estate Investor Magazine - May 2017 | Page 35

The app has numerous advantages over standard web searches, including real-time geo-location of available properties; but Propscan’s most unique feature is arguably its advancement in VR technology. Potential buyers can inspect properties in 3D with horizontal and vertical ‘room sweeps’ simply by moving their mobile phones. The app is the brainchild of JP van der Bergh, who says technological advances made him do an audit of property search methods in SA two years ago and come to the conclusion that there was room for improvement: “VR technology gives realtors’ clients the edge, because buyers not only preview locations in greater detail but there is also an immediate call to action communicating with the listing agent via the built-in chat and call features, without exiting the app. “The difference between viewing a property in VR and on a standard website with photos is as monumental as the difference was a few years ago between scrutinising ‘for sale’ ads in newspapers and the migration to online property searching. There’s no comparison.” Social media and real estate Van der Bergh notes that while the real estate industry must look at moving into next generation VR marketing, where its consumer base is already playing, another platform that brokers can’t ignore is social media. “Social media is an increasingly relevant marketing tool because it’s where the real estate industry’s target audience spends most of their time. World Wide Worx and Ornico’s 2017 SA Social Media Landscape report www.reimag.co.za shows Facebook is now used by 14m South Africans. Twitter has 7.7m local users and LinkedIn is gaining momentum, as a more business-orientated social media tool with 5.5m users nationally.” Apps like Propscan and the rise of social media as effective marketing tools for specialised industries such as real estate are a clear reflection of changing consumer behavior. “People have not only become digital junkies, who voraciously devour information and want instant access and gratification, but they also systematically filter out everything that isn’t germane to them. “Consumers want to engage directly in the digital realm. And while they no longer tolerate contrived mass messaging, they are willing to surrender a considerable amount of privacy in exchange for personalised content, especially if it’s delivered in interesting and novel ways. “Consumers will increasingly demand the detailed search capabilities afforded by advanced mobile technology because with it they can make better, faster choices. In our time-poor modern society that’s the key to marketing and real estate companies who want to remain competitive must step up,” Van der Bergh concludes. RESOURCES Propscan MAY 2017 SA Real Estate Investor 31