Market for Virtual Tours in Real Estate Industry is Growing Rapidly
According to a 2007 National Association of Realtors (NAR) survey of US home buyers and sellers, more than eight out of 10 buyers used the Internet to look for a home, and 90 percent of those people reported that virtual tours were useful in their search. A 2008 NAR survey reported that twice as many consumers found the Internet more useful than an open house.
The recent US real estate collapse has created an increased demand for online real estate marketing solutions that help sellers unload financially distressed properties by allowing buyers to take virtual tours prior to visiting a site in person. The sheer volume of properties available for sale and the length of time on market have made it an imperative to use online strategies for effective selling. RealBiz360 provides the industry's only high definition virtual tour solution that provides hands-on viewing experience for consumers and is the first company to automatically create video from virtual tours and slideshows for distribution via YouTube. More than 38,000 YouTube real estate tours have been taken since the service went live three months ago.
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Filed under news by on Oct 4th, 2009. 
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