With fewer qualified buyers in the online real estate market, customers don’t have the trust and assurance of getting the right property that they dream of. They are dubious about buying online and they hardly find a good UX while browsing through the websites.
Consumers want a less stressful experience and want to skip queues to book a flat. They want to pre-register and want to be more informed before they go and buy the property. A quick selling experience is what everyone looks for in the industry but with top-quality results.
With everything becoming smart these days, customers want to have the real feel of the house or land they see online on the website. These demographic shifts and preferences coupled with technological advances are affecting the online real estate.
Government regulations have an unintended effect on the real estate sector with more conditions and limitations for lenders, appraisers, agents and developers to adhere to augment consumer service.