Claire Schrantz

The Future Of Real Estate: What Role Will Virtual Reality Play?

Claire Schrantz
The Future Of Real Estate: What Role Will Virtual Reality Play?

If you’re looking to relocate to the Twin Cities from out-of-state, or even just more than a half-day’s drive away, you’ve encountered a particular set of obstacles in your real estate search. One of these challenges is not knowing when to schedule appointments and make the trek to the Minneapolis-St. Paul metro area. 

Of course, online listings help: As they say, a picture is worth a thousand words. But what about when all those words are a load of B.S.? Most of us have at some point been charmed by an internet listing, only to show up and find a disappointing house or apartment.

“Once you can look into a headset and get a sense of the space, you don’t have to miss out on the one corner they didn’t take a picture of,” Zach Wendt, a virtual reality developer, explained to the Star Tribune. “When you have a 360-degree view of a room it’s hard to hide a problem.”

Virtual reality may help you and your REALTOR® uncover your dream home—faster. 

Take it from Cathy Lawton, a Milwaukee resident with fond childhood memories of her grandmother’s house on Lake Le Homme Dieu near Alexandria, MN. She and her brother have always had far-off dreams of owning property in the area, but live over seven hours away by car. 

A virtual tour bridged the gap between fantasy and actionable insight when Lawton stumbled across a place that piqued her interest. The interactive listing allowed her to explore the home and its immediate surroundings. The virtual visit gave Lawton the reassurance she needed to schedule a trip to the property, which she found to be true to its online listing. 

“In most respects, it matched what I was expecting,” she said to the Star Tribune. Lawton ended up making an offer on the home. 

Sources: Star Tribune, REALTOR® Mag