reveo

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[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the Geek Estate Mastermind. Today’s showcase: REveo]

REveo is a tool that connects the Realtor and their Buyer so that they are able to close more transactions and influence all decision-makers faster. It connects home buyers in a SINGLE click from any screen that suits their lifestyle, LIVE – sans any apps to download —no tech, just a single click. The Realtor can simply comment throughout the video showing the home or listing, neighborhood, schools or any other features they wish to showcase in a community. The Realtor can then Save and Share that tour anytime On-Demand— with other Buyers, Sellers, Realtors via text, email, any social media feed or messaging apps.

The B2B SaaS offering is a turnkey solution for brokerage clients–no development pipeline nor tech integration cost to benefit from its white label. Add a single click to your sales force to power it up with a custom mobile video sales force solution. Recently signed a distribution agreement with MoxiWorks, making REveo available to the 350,000 agents of the 260 brokerages who use MoxiWorks as their tech productivity suite and their brokerage data API integration platform.

What we like: Lightweight and tech-free (from the customer perspective), REveo is poised to thrive in the face of the challenging coronavirus environment by keeping the virus at bay – away from listings and away from agents and brokers.

Learn More

Source: geekestateblog.com

Apache is functioning normally

While, yes, a lot of companies are reeling as the economy grinds to a halt — that doesn’t mean all of proptech is struggling.

One of the obvious byproducts of COVID-19 is virtual showings, open houses, staging, 3d tours, and floorplans–not to mention anything video related–finally have their moment in the spotlight.

That said, it’s still an unknown whether such services will be permanently pushed from “nice to have” to “need to have” once socially distancing is behind us. All the tech in the world isn’t going to change the fact that most homes that are transacted are purchased by buyers who lives in the vicinity and can easily drive to see the home in person. And, if they can drive to the house prior to spending hundreds of thousands of dollars and committing to 30 years of payments, they will. However, maybe the big lasting change will be consumers realizing they don’t have to look at every home in person–saving both agents and buyers considerable time.

Among those members represented in the Geek Estate Mastermind, a few companies well-positioned to capitalize on the urgency socially distancing has created:

Asteroom: 360° tours created by attaching their Pano Kit to your phone. Learn more.

FloorPlanOnline: creates virtual tours, 2D and 3D floor plans, 3D RoomPlanner tools and videos for real estate properties. Geek Estate Offer // Learn more.

Motivo: specialize in collaborating with nonprofit organizations and startups to produce and market multilayered media campaigns. An example of their work is here. Learn more.

Padstyler: offers virtual staging and 3D architectural rendering, alongside services many other real estate marketing services. Learn more.

PlanOmatic: a tech-enabled service company that provides high-quality professional photography and floor plans for real estate, nationwide. The company serves real estate agents, property management companies, single-family rental owner/operators and iBuyers. Learn more.

REveo: A tool that connects real estate agents and homebuyers in a single click from any screen, LIVE – sans any apps to download —no tech, just a single click. Mastermind Showcase // Learn more.

WellcomeMat: helps make video the center of the real estate consumer experience by maximizing the value of video for agents, brokers and brands. Learn more.

Another category that is poised for growth is anything the helps people tour properties (both for sale or rent) without being subjected to other people. While many cities are locked down entirely now and no one is touring properties, this sector will gain substantial momentum as lockdowns end and buyers and agents are still practicing socially distanced ways to conduct showings. Two companies from this sector represented in the Geek Estate Mastermind are:

Kleard: a fully integrated cloud-based solution providing real-time visitor verification for open houses and showings to increase safety and helps prevent crime. Learn more.

Knock: A leasing experience redesigned with smart locks. Renters tour apartments by themselves, whenever they want, no agents on-site, no scheduling. Learn more.

RentZap: works with the top property management companies, enabling prospective renters to view the homes on their time, not an agent’s. Learn more.

Beyond that, I also believe CoBuy (job losses will mean more people have to find budget solutions) as well as Remarkably (more analytics for multifamily operators/landlords can only help as marketing spends are slashed) will both emerge stronger.

What sectors of the industry are you most excited about right now?

Source: geekestateblog.com

Apache is functioning normally

Virtual Tour Equipment used to Make Virtual Tours

Over the summer, I did over 3,000 business contacts by phone, text message, email, LinkedIn, Instagram, Twitter, and much easier, out-of-the-box on REveo of course in just seconds, with over 600 Real Estate brokerage executives and decision makers.

Yes, it takes a bit of work to build a new brand!

Back in 2012, three years after I discovered the idea for a new way to do virtual showings that would solve for all the pitfalls of the legacy virtual showing solutions, I interacted with hundreds of home buyers in the Silicon Valley at University Café at the time (now local union 217, I recommend it! 🙂 ), on University Avenue in Palo Alto a few steps away from Stanford University.

I would purposefully speak to home buyers who spent their entire day driving around listings with their buyer agents most of the time. Many were out-of-state executives looking for their new place for starting a new tech executive role there, many were also locals actually.

What struck me at that time is that a large portion of them vetted the properties they were going to tour for the day on an interesting form of static marketing- 360 tours. Imagine the Google Map pedestrian experience but inside a home. The 360 experience had been around already for a few years and looking to cater to several industries, including insurance among many others.

The net of their property pre-qualification, static 360 experience — no real-time communication with agent in the canned tours that make me totally dizzy personally, and I am not the only one — was once they drove miles and miles to get there, the properties didn’t look anything like the canned tours had made them envisioned. Huge disappointment. Huge waste of time, for both the agents and the clients, and huge waste of natural resources and unnecessary pollution for no reasons.

Yet, in 2020, I did speak to a few brokerage decision makers who in spite of the steep cost and complexity of creating such tours — see YouTube video above “Virtual Tour Equipment used to Make Virtual Tours” — still want to dedicate resources to a far-from-optimal way to make their agents interact with clients to sell homes.

This will definitely change. It’s just a matter of time. A matter of education.

When you lead a Real Estate brokerage you should look for ways that are “out-of-the-box” for your Real Estate agents to deliver great client success in just seconds without any cumbersome operations to set up, nor lengthy training that drains your operational profit while delivering dismal marketing results for a high cost.

Ways that are much more dynamic at taking your agent-client interactions to a whole new level of closing rates and closing speed…

Source: geekestateblog.com