November 10, 2017
Technology is slowly changing the way that the real estate industry works. Everything from ride sharing to virtual reality is on the table. Ryan Serhant, Real Estate Expert and star of Bravo's "Million Dollar Listing," discusses the way that rideshare companies such as Uber and Lyft are changing the way people look at buying a home. He says that rather than pay a premium to live in Manhattan, near public transportation, they are buying properties in the outer boroughs, and budgeting for rideshares into town. As a result, a lot of money is moving to new parts of town. Serhant also explains the ways he is using technology to grow his business. He says VR is incredibly useful, especially when the building hasn't been built yet, which is the case with one of his current properties in Brooklyn. Only one building exists so far, but he's able to sell listings in the other buildings thanks to VR.