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Speed Ask the Editor

Take virtual real estate tours with Microsoft and HomeSpace360

We’ve said it once and we’ll say it again: Virtual reality (VR) will soon take over the world!

Well, maybe not the entire world per se, but at least a majority of industries where this technology—along with its siblings augmented reality (AR) and mixed reality (MR)—can be applied to improve services and user experience. Such as in real estate, which is perhaps one of the most tiresome sales industries, what with all the fuss that goes into listing and selling a property, or buying one if you’re in the customer end of the spectrum.  

Microsoft, a known enabler of various technologies, has partnered up with HomeSpace360, a first-of-its-kind platform that allows real estate marketers to deliver gorgeous and immersive 360-degree virtual tours to prospective buyers. Using smartphones and the HomeSpace 360 kit, which includes a mobile viewer, battery-free smartphone rotator, lightweight tripod with carrying bag, HD fisheye lens for 3D capture, and virtual reality headset, real estate brokers/agents can easily create 2D or 3D visualizations of the properties they’re selling, upload them into the homeSpace360 Cloud platform, and share to their prospective clients.

 

HomeSpace360 VR kit.

 

This is a low-cost alternative compared to traditional property marketing strategies, which may include printing costs for flyers, food and fare expenses for open houses, plus of course the time spent in traffic just to meet up, which are frankly invaluable. With 360-degree images of the properties now available online, customers can easily see the properties in detail. And if they want to see it in 3D, the agent can come to them at their convenience for a virtual tour of not just one, but 10, 20, or even 30 properties in under one hour using the provided VR headset.

Built on the Microsoft Azure cloud platform, HomeSpace360 becomes a one-stop hub for real estate sellers and property finders.

“It’s exciting to see partners like HomeSpace360 create democratizing solutions to today’s problems, with the help of Microsoft technology. Partners like them are at the center of our digital transformation as they continue to enable our customers to achieve more,” said Eileen Ong, Microsoft’s Director of Commercial Partners & Small-Medium Corporate Business Units during its recent Philippine launch.

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