It’s been around for years, but it’s becoming increasingly popular with people who want to get away from the daily grind of their lives and have their virtual selves taken on a virtual life.
The idea of having your virtual self on a home-made home tour isn’t new, but now the trend has become so prevalent that some are using it to sell their real homes.
It started when Australian businessman James O’Connor bought a £150,000 house in 2013 for £3.8 million, then used the tour to sell it to a buyer in Dubai.
But he wasn’t the only one with his eyes on the real thing.
Many people have been taking to the virtual world to sell a house for decades.
A new virtual home tour business is popping up, using the same concept of buying a house as James O ‘Connor’ did.
“When you do a tour of a property, you can’t just go home,” he said.
“There’s a whole set of rules that need to be followed to get it right.”
“If you want to sell the house you have to be able to show your agent what the house is worth and then you have an agent who will do a very thorough appraisal.”
They’ll check it’s a really nice house, it has lots of good things in it, they’ll go out and meet people, and if they can make a decision they’ll sell it.””
They have to give you the right terms and conditions.
They can’t sell it at a discount because there’s going to be a bidding war.
“So they have to go out, get a lot of agents and a lot more agents.
Then they have their agents go out in the community and put up their bids and then they bid on it.”
Then they put the bid up to the public, and then people can see it, bid on, bid, and bid on.
And they get it for the price that the public has paid.
That’s the beauty of the virtual thing.
“Mr O’Conners virtual home tours are a bit like a tour company.
He uses an online service called PGA Tour Store to host the virtual tour and then sells it to buyers.
The tour will take up to 30 minutes to complete and the buyer can pay between $1,000 and $5,000 for the property.
In return for the virtual home, Mr O’Cen has to provide a video of himself as the property is being toured.
When the buyer does this, Mr Cen gets a commission on the sale.”
Mr Wilson said there were also people who wanted to use the virtual tours to sell property for a small fee. “
(It) makes it really easy for people who have never done this before to get into this market.”
Mr Wilson said there were also people who wanted to use the virtual tours to sell property for a small fee.
If you’ve been wondering how much it’s going for on a real estate tour, Mr Wilson said a lot was dependent on the properties, whether it’s being used for an apartment or a caravan.
“If it’s been used as an apartment, it’s much less than $1 million.
You’d probably get about a quarter of that for a caravan.”
Mr Cen’s business is now operating in Perth, Sydney and Melbourne, and he has plans to expand in the coming months.
For more on virtual home rentals, click here.
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