The pros and cons of using drones in the real estate business

drone above house

By Tim Jennings, president, Custom Case Group

Are drones a necessity in the real estate business or are they an extra? 

The clearest and quickest way to answer that question is to present a few compelling pieces of information:

  • When the Federal Aviation Administration handed out its first 1,000 commercial drone operator exemptions a couple of years ago, 35 percent were to operators in real estate marketing.
  • The Multiple Listing Service has reported that properties featuring aerial images sell about 68 percent faster than do properties featuring only non-aerial photos.
  • According to the National Association of Realtors, 73 percent of homeowners said they’d be more likely to list with an agent who incorporates video in marketing their home.
  • In March 2016, Goldman Sachs released a report saying the global drone market is expected to grow to $20.6 billion in the next five years.
  • Many analysts are saying last summer’s FAA commercial drone ruling will result in a dramatic expansion of drone use in the real estate industry this year.

And that’s just the tip of the iceberg. The bottom line is: If you haven’t incorporated drones in your operations yet, it’s time to get the process started.  Continue reading The pros and cons of using drones in the real estate business