Nowadays Virtual Reality has emerged as a technology to simulate both real and unreal environments to provide more immersive and impressive experience. Many industries have incorporated the use of Virtual Reality to give their users/clients/consumers with a high level of immersive experience which helps the business to grow, keeping their consumers and get more consumers. Virtual Reality has played a very important part in business's growth in the Real Estate industry.

When Oculus was bought by Facebook. Michael Pachter, analyst at Wedbush Securities told Fortune that he believes Facebook purchased Oculus VR for $2 billion in 2014 for "VR's real estate potential".

"You could do real estate open houses with 360-degree views and have a client come to your office and check out 50 homes through a head-mounted display and then pick the top ones to visit in person" said Pachter

Real Estate industry is an ever growing industry with high competition. It keeps up with time and technologies that would help in its growth. Some of the competitors are now starting to use Virtual Reality is already transforming the real-estate business as it can be used to provide virtual tours to locations which is a great advantage for them in getting clients to buy/invest in the real estate business.

One of the many hurdles for agents is that the agents have to time the visits to the houses with the potential buyers, go from one house to the other, visit's time could be messed up due to traffic which might upset the buyer and when you reach the buyer would say "It isn't anything like the pictures you showed us." which could mean all your hassle would be for nought and move to meet the next potential buyer. This is a very essential part of closing the deal if your buyer is happy the chances of getting the deal improve by leaps otherwise the buyer might approach another agent to strike a deal.

Virtual reality helps in reducing the likelihood of these issues as you would not need to go to each house every time there is a potential buyer, you can show them the place by giving them the virtual tour of the location, the buyer could get a close look at the place and move around in it to get the feel of it before actually going there physically. This would help decrease the time that the agent has to manage or the buyer has to take off their important tasks as why go there when you can check it out while sitting anywhere. Another feature which can be introduced that would allow the buyer to be able to experiment placing different furniture or things which they want to see how the place would look like when they move in with their items without actually placing everything physically.

Virtual reality is very important but not as important as the potential client your have. Do not let the technology take the essential endeavor from this i.e. potential buyer's experience. Virtual Reality is an emerging technology that helps the real-estate industry to tell a story like never before. It is not really expensive and can be integrated in currently available platforms with its future brightest in form of mobile applications.

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