In discussing the future of real estate I am frequently asked what would be a “disruptive technological innovation” in the real estate market. I have given many interviews over the years and at times I have gotten the same answer, that no new disruptive technology has been developed yet. I have also often been asked what would be considered a new and disruptive technology and every time I have gone back to those interviews I have been left frustrated with the lack of answers and solutions offered to me. If you are one of those people asking what is the potential “disruptive” technology or new real estate technology that will cause real estate markets to change then you may want to take a moment to look back on the past several decades and try to pinpoint the characteristics of any potential new technology.
As an attorney who is involved in the foreclosing and REO market, I have found that the best examples of real estate technology that has been developed specifically to assist real estate agents are those which are not artificially intelligent. By using an Artificial Intelligent system, you can take a step beyond current methods of real estate data management. The Artificial Intelligent systems will take a hard look at each piece of information and provide accurate suggestions about how properties could best be marketed to buyers. In turn the system will allow the real estate agent to provide the most complete picture to the prospective buyer so that they feel comfortable with purchasing a particular home.
Another area that comes up time again in business discussions as well as in my consulting is that of the so-called disruptor. These are the new breed of real estate investors who use new investment property techniques and strategies to drive up market values. One example of such an investment property technique would be using iPAIR (Internet Protocol Investment Reporting) software to track real estate investment property.
The next area where we will likely see these new investments come to light is in the realm of the internet of things or iPAQ for short. This term refers to the application of block-chain technology to real estate transactions. This type of technology already has some of the biggest advantages over traditional transaction processing methods and is poised to become the “disruptive technology of the future”.
Some of the main advantages of this technology include:
It allows real estate agents to get more real estate deals completed faster and more efficiently, it allows real estate buyers to have more control over their properties through the utilization of their own autonomous servers, and most significantly, it allows real estate agents to save an immense amount of time by using pre-packaged solutions created using the latest cutting edge technology.
Now let’s take a look at how we can capitalize on this budding market and what types of real estate investments are available through the use of these disruption technologies. One of the largest proptech companies at the moment is called EnvisionEco. They have developed a suite of four different iPAQ products that are aimed at providing a full range of services to real estate buyers and sellers. The products themselves have been designed through a very rigorous process by highly successful entrepreneurs that seek to identify every possible method by which consumers can benefit from the use of iPAQ technology. All of the four iPAQ products are intended to provide a unique combination of services that combine both the strengths and the flexibility needed by consumers and real estate agents.
The company behind the development of EnvisionEco is called Carbon Copy Pro, a developer of a variety of technologies designed to specifically help the business environment. Carbon Copy Pro has developed several technologies aimed at increasing the efficiency with which companies interact with each other and with the market. As a leader in the development of disruptive innovation and the adoption of new technology, the company looks to bring together the innovative minds of various distinct disciplines while striving for maximum synergy. Through the use of their iPAQ portfolio, Carbon Copy Pro is looking to define a completely new approach to real estate investment and development and to do so in a manner consistent with the mission and values of their clients.