My Children Will Do it Differently

I ran across a blog post by Chris Brogan entitled 100 Blog Topics I hope You write. I decide to write about #11 on this “My Children Will Do it Differently. As this blog relates to real estate I wanted to keep in consistent and write about how my children will look for, buy and rent real estate in the year 2030.

The Future of Real Estate in 2030

1) Finding Real Estate
All phones and T.Vs will be programmed based on your interests, wants and desires. Your web habits, education, family status, tv browsing history etc will automatically provide you the best real estate results. The software is so good, it has a 90% success rate of providing one listing that fulfills your needs.

All Malls will have real estate virtual kiosks where you can enter a home anywhere in the world. The virtual tour will be like no other we have today. You will be able to smell the home as it is. You will be able to touch the walls and carpet. Anything you can do in a real home you can do in the virtual replica of the real thing.

2) Buying Real Estate

The closing table will be long gone. All transactions are done electronically in real time. There is a small service fee of .002% of total sale price. Realtors no longer receive the 6% commission but they are able to do millions of transactions a year because of the new process.

3) Renting Real Estate

A new form of renting real estate has hit wall street as well. For those who want to own a fraction of the property and receive the benefits of appreciation and taxes they will be able to buy and sell real estate shares for a specific house in real time via the NASDAQ. Instead of paying rent, the tenant can buy shares of the home. When they move out, they will be able to sell their shares on the market for whatever the market thinks is fair.

All in all, the future of real estate will be as promising as ever. We will continue to see innovations in technology that will make the real estate market much more efficient and effective.