Tech developments have a major impact on every industry. From streamlining processes to eliminating certain tasks entirely, tech can be a great addition to any field. This is especially true for real estate.
To better understand how technology might influence real estate transaction processes, we asked a panel of Forbes Real Estate Council members to share their predictions for the future.
1. Reimagine The Title Transfer Process
I see blockchain technology reshaping the titling side of the real estate space. The way we currently do everything with in-person filing at the auditor's office is incredibly antiquated. Blockchain will be a more reliable, secure and protected method of title transfer. I also think that the iBuyer-type platform will bring real estate wholesaling into a new light across all states and divisions of real estate. - Matt Motil, The Marie Paul Companies