Executive report describing how information technology impacts the Real Estate Industry - Essay Example

Only on StudentShare

Extract of sample
Executive report describing how information technology impacts the Real Estate Industry

Online purchasing for instance has reduced the number of agents, retail stores and warehouses needed - these very services were thriving a couple of decades ago. On the other hand, access to the most unusual information, the most uncommon places, the rarest of books and even personal web logs are now just a click away. Hence, the value of a product, service or piece of information has undergone an overhaul since the onset of the Information Technology revolution. Added, these values even after changes are not static but yet in the process of stabilizing, allowing for large potential differences between current value and future value.
Traditionally, real estate value has been known to depend upon criteria such as size, location, amenities, and even climatic environments, and now, information technology is an added consideration. Cyberspace technology enables interested clients to browse through properties of their choice using various search options such as zip code, size, amenities and budget. It is also possible to take a virtual tour of the property, its interiors and its neighborhood. ...Show more

Summary

Information Technology has embedded itself in all areas of life including how one shops, communicates, learns, explores, negotiates and earns, with the real estate market being no exception. This wave that has swept across and engulfed several industries has resulted in greater transparency of operations, a larger platter of choices, quicker transactions and easier negotiations…
Author : ferrymason
Executive report describing how information technology impacts the Real Estate Industry essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Executive report describing how information technology impacts the Real Estate Industry"
with a personal 20% discount.
Grab the best paper

Related Essays

Real Estate and Property Management Company report. Maxima Real Estate Development Company
Real estate and property management companies are concerned with construction and management of buildings for both government, rental and business purposes. The name of the property development company that I work for is referred to as Maxima Real Estate Development Company.
10 pages (2500 words) Essay
Impacts Of Information Technology In Hospitality Industry
The 21st century has witnessed a tremendous growth in the use of information technology in conducting business globally. Information technology has made it quite easy to reach clients, order for goods, and bid for contracts or even negotiate for mergers with multinationals around the world.
20 pages (5000 words) Essay
Real Estate Management Tech Project.(Information Systems)
He has held several responsible positions including chairman of the board of real estate developers association of the United States of America, as CEO of RealCityCorp, director of business ethics research group, to mention a few. Mr. Jacob Smithson started the Institute for infrastructure and property development in the year 1970.
5 pages (1250 words) Essay
3 page executive report describing how information technology impacts California Workers' Compensation Industy
the high costs of compensation was driving away jobs and businesses.1 Medical care is the most complex of human endeavors and advances in information technology demonstrates how valuable the technology can be in terms of efficiency. The medical and health insurance industry
3 pages (750 words) Essay
Real Estate
An understanding of the real estate dynamics, trends, techniques and practices is helpful in reaching specific real estate goals. This
5 pages (1250 words) Essay
Real Estate
Since the past decade the housing market has suffered from crash. The real estate market between 1991 and 2000 was flourishing and more and more people started to buy new property and take property on
2 pages (500 words) Essay
Real estate
There are numerous causes of uneconomic depression and the impact of this recession on real estate firms in United Kingdom. Also, the real
10 pages (2500 words) Essay
Real estate
Transferring property from one person to the other involves transferring the documents of ownership to the new owner (Abts, 2002). There are several rights of ownership that are recognized by law as far as real estate is concerned. The
2 pages (500 words) Essay
Effects of social media on the real estate industry
Social media also represents enormous changes perspective for businesses. For most individuals, buying a home is a thing done once after ten years at most. Selling of real estates is the kind of business benefiting from constant streams of new prospects. Social media enables real estate agents to build a reputation of their business.
1 pages (250 words) Essay
Impacts of Information Technology Systems on Hotels
The findings of the research show that the use of information systems improves, enhances and sustains efficient and effective service delivery for both customer and hotel operators.
8 pages (2000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT