Is Real Estate Online Worth Your Investment?
Investing in real estate online is fast becoming the next trend for many investors. Online real estate investing is on a steady growth from $1 billion in 2014 to a $3.5 billion industry in 2016. One of the reasons for this growth is the efficiency it offers to investors compared to the traditional way of real estate investing. Crowdfund insider gives us a peek into how property websites underwent tremendous growth in a short span of time.
Real Estate Online Investing Is On The Rise
Real estate investing is on the rise again. Online real estate investing is quickly becoming the preferred method of investing for many people. Forbes reported earlier this year that real estate crowdfunding was a $3.5 billion industry in 2016, up from $1 billion in 2014. One reason for such tremendous growth is that it is much more efficient than traditional real estate investing, and it’s an effective way to add real estate to an investment portfolio.
There are several reasons why real estate investing has seen tremendous growth in the past few years. Most of it touches on outdated methods which technology has revolutionized.
In AdaPia d’Errico’s article in Crowdfund Insider, she outlines the reasons why real estate investing online has been trending to most investors. It has given way to real estate now being considered by investors adding it into their investment portfolio.
Real estate is no longer as local it used to be. Real estate investors used to prefer investing in properties within a certain radius of where they live. This is because they wanted their property to be just a drive away which is efficient and easy to manage. Now through the help of technology, investors have now branched out beyond their local area. Looking for rentals or flipping houses have become more efficient and profitable since most of the work is now done online.
Availability of information is now much quicker and easier than ever before. Real estate investors used to rely on middlemen and mediators of information in determining potential investments. In the online real estate, pertinent information about prospective properties for investment is now at the investor’s fingertips. This availability of information has investors starting their own groups to pool possible investments and knowledge on current trends.
So How Does Technology Benefit Real Estate Online Investing?
Technology is at the forefront of almost every industry in the world today and real estate is not an exception to this. Technology has given us efficiency and has been making our lives a lot easier in the past few years. Real estate is a challenging industry wherein one of the foremost aspects is the constant connection.
Technology also gave the real estate what it needed…connection and constant communication through social media. Of course, this is not the only aspect that real estate benefitted from technology, it also gave it easy access to online listings for real estate brokers to use.
The Dawn Of Real Estate Online Investing
90% of Home Buyers use online real estate services to find a home, and 89% of them continue to use the services of a Real Estate agent.So a Real Estate Agent website should provide necessary and up-to-date information on subjects that clients and prospects are looking for. #socialmedia #realestate #realestateonline #realestateonlinemarketing #realestateagent #homebuyers #website #engagement #digitalmarketing #business #marketing #online #marketinonline #OnlineBusiness #mobilebusiness #mobilefriendly #users #promotion #Drushti
The new age of investing in real estate through online brings enormous benefit which most realtors could not have imagined before. It eliminated the use of middlemen which used to be an integral part of making real estate investment deals. Now more than ever, real estate investing is easier to manage that even other none real estate investors are starting to look the other way around and considering real estate investing.
What other benefits do you think real estate online can offer real estate investing? Please let us know your thoughts by leaving us your comments below.