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Virtual Reality May Revolutionize Real Estate


March 29, 2016

With the influx of foreign real estate investors seeking to purchase a unit in the next lucrative pre-construction project, developers and sales directors often to have rely on renderings, brochures, and 360-degree videos to present a feel for what a property may be like. In many cases these properties have yet to be built which presents a hurdle in being able to, for example, see how large a room might be.

Yesterday marked the official release of the Oculus Rift virtual reality headset, just one of several different virtual reality devices like the upcoming HTC Vive and Samsung Gear VR intended to make experiences even more interactive. The technology behind these headsets is being extended into real estate, allowing prospective buyers to not only see a property, but actually walk around it and explore it as though it were already built. With these capabilities, it’s much easier to get a feel for what a person may be purchasing or investing in. In fact, with this virtual reality technology, a builder could potentially create one of these immersive experiences for each unit of a building.

Have you tried one of these virtual reality headsets yet and if so, do you think they’ll revolutionize the way investors purchase pre-construction projects?
This update is presented by Miami Beach Realtor Tim Allen of Blackstone International Realty, specializing in Continuum South Beach. If you are interested in Miami Beach condos such as the Continuum condos for sale, call Continuum expert Tim at 305-588-2451 for information on sales and rentals.