New technology and the real estate industry go hand in hand. As creative and interesting solutions appear across the country, agents and other professionals find new ways to integrate them into their business, often with a number of positive results.
One such piece of technology is the unmanned aerial vehicle, or drone. These devices can be flown from the ground by an operator, and are often armed with a camera for fantastic sight-seeing and visual possibilities. However, current regulations and guidelines for the use of drones are still being worked out, which means that their commercial applications have been put on hold for the moment.
Drone use could be on the rise
Numerous business opportunities exist for the use of drones, including within the real estate industry, according to the San Jose Mercury News. At the moment, the Federal Aviation Administration is figuring out the legal side of drones, and until then growth of this specific sector could have to wait.
"This market's going to be huge," Ken Loo, a Sunnyvale, Calif. mechanical engineer, told the media outlet. "The possibilities are endless; I know so many people getting into this field now so that they can pounce once the FAA comes up with its rules."
According to the San Jose Mercury News, many larger companies are implementing drones outside of the U.S. In addition, other professionals, such as those within the real estate industry, are using them to film listings or neighborhoods. Many people are optimistic that the trend will gain more steam, however, and that it could lead to a boost in the U.S. economy.
In order to capitalize on this new technological trend, real estate professionals need access to the best possible information. Courthouse Retrieval System offers that ability, with a comprehensive online database of mortgage records, warranty deeds and much more. Now, agents no longer need to travel to the local courthouse to sort through countless documents.
Drones can be perfect for real estate
Using a drone to capture stunning images of real estate listings can be the perfect way for professionals to provide unique value to their clients in a cost-effective and affordable manner. However, current regulations prevent the hiring of someone to fly these aerial vehicles, according to Will Caldwell, a contributor to Inman News. Instead, real estate agents may want to learn themselves.
This could be a good idea for several reasons, Caldwell explained. For starters, it opens up the possibility to capture photos and videos whenever it is convenient, including from heights. Drones are portable, and their initial cost is often cheaper than the added expense of hiring professional photographers.
Above all else, real estate drones can be a great way to provide value to clients, both current and future. Caldwell noted that this can be one of the most difficult aspects for a professional, but drones can simplify that process. Few people are currently offering images taken via drone, so a few photos or a video online can go a long way for a marketing strategy. These are some things to keep in mind while the rules surrounding drone use are hashed out.