Digital maps are transforming the real estate market in many ways. They have also become an indispensable tool for real estate professionals as well as consumers. In this article, we will explore how digital maps are changing the real estate market.
I. Enhanced Access to Information
Digital maps provide potential buyers and renters with extensive information about properties, including:
● Location
● Size
● Price
● Features
● Amenities
● School districts
● Crime rates
This information can be easily filtered and sorted to help users find properties that meet their specific needs.
II. Improved Property Visualization
Digital maps allow potential buyers and renters to view properties from various perspectives, including:
❖ Street view
❖ Aerial view
❖ 3D view
These virtual tours help buyers and renters gain a better understanding of the property before visiting in person.
III. Streamlined Property Search
Digital maps allow users to search for properties based on various criteria, such as:
➢ Location
➢ Price
➢ Size
➢ Number of bedrooms
➢ Number of bathrooms
➢ School districts
➢ Crime rates
This helps users narrow down their search and find properties that suit their needs.
IV. Enhanced Communication Between Agents and Clients
Digital maps can be used to share information between real estate agents and their clients. For example, agents can use maps to:
★ Show clients properties that meet their needs
★ Highlight the best features of a property
★ Help clients visualize commuting from a property to their workplace or school
V. Increased Transparency in the Real Estate Market
Digital maps can help increase transparency in the real estate market by giving potential buyers and renters access to a wealth of property information. This can level the playing field and ensure that everyone has access to the information they need to make informed decisions.
VI. New Opportunities for Real Estate Professionals
Digital maps are creating new opportunities for real estate professionals. For example, agents can use maps to:
● Target their marketing efforts to specific neighborhoods
● Create virtual tours of properties
● Track clients’ search progress
VII. Track-Asia Digital Maps and the Real Estate Industry:
The Track-Asia digital mapping platform offers features that meet the real estate industry's needs. Our features include:
❖ Geocoding: converting geo-coded addresses into national addresses and converting national addresses into geo-coded addresses that users can understand.
❖ Distance Matrix: a mapping and routing application that calculates time, distance, and routes for various transportation modes.