Real Estate Investor October 2022 | Page 178

TECHNOLOGY
tornadoes , landslides , etc .). Maintenance companies will know the current conditions of buildings ( existing and potential damage , date , and place of repair ) and fire escape plan .
Moreover , digital twins can be useful during construction by helping the developer understand how safe their project will be . Such applications can prevent the collapse of buildings and help use developers ' resources most effectively .

9 . Direct digital engagement

More touchless services are offered to end-users , resulting in a safer and healthier process . Traditional procedures , such as in-person home tours , would be automated due to direct digital interaction and disruptive technology in real estate . Buyers and real estate agents will no longer need to travel to every apartment or house to make a decision . Therefore , photos and virtual tours should be of high quality . Thus , people can see each element in detail .
But it ' s much more important when , in applications , buyers can look at houses that are still under construction . At the same time , the developer posts photos every month about the state of the future building , increasing its reliability in the buyers ' eyes , thus making direct engagement one of the most popular digital trends in real estate .

10 . Lead generation & engagement automation

Conversation chatbots powered by artificial intelligence will initiate conversations and respond instantly to inquiries . It will assist agents in capturing , engaging , and qualifying online leads . These bots will also manage the initial stages of working with a potential customer using natural language processing . This technology helps agents be with their customers 24 / 7 and get new leads they connect with during business hours .
178 OCT 2022 SA Real Estate Investor Magazine