Articles
June 12, 2023

Spatial Computing and the Future of Real Estate: Why Value Acceptance is Your Key to Remaining Competitive

How the new Apple Headset with change the property industry - including appraisals.

Spatial Computing and the Future of Real Estate: Why Value Acceptance is Your Key to Remaining Competitive

The introduction of the Apple Vision Pro at WWDC23, the augmented reality (AR) headset designed to redefine spatial computing, has established a critical crossroads for Appraisal Management Companies (AMCs) and lenders. As these emerging technologies revolutionize the property data collection process, AMCs must make crucial decisions on how to adapt and evolve their software development strategy.

One option is to develop in-house solutions, which requires investment in infrastructure, resources, and ongoing maintenance. On the other hand, partnering with an established player like Value Acceptance offers a smoother, stress-free transition into this brave new world of spatial computing.

The Changing Landscape of Software Development

With the emergence of technologies like the Vision Pro, the software development landscape is experiencing a tectonic shift. Simple web apps and smart forms are quickly becoming inadequate, overtaken by solutions that leverage spatial computing, AR, and artificial intelligence (AI).

An in-house development approach comes with significant challenges: a steep learning curve, high costs, and the need for continuous innovation to stay competitive. Moreover, as tech evolves at a hyperbolic rate, companies without significant experience in AR and AI development may struggle to keep pace.

Choosing the Right Partner for Your Software Development

With nearly a decade of experience in AR and AI software development, Value Acceptance offers an alternative path. Our partnership approach not only keeps your software solutions current but eliminates the risk of falling behind in a rapidly changing tech landscape. Instead of worrying about software development, you can focus on what you do best: providing top-tier appraisal services and loan compliance to your clients.

Your clients expect nothing less than the best from you. Meeting their expectations means leveraging the best technology and tools available in the market.

Keeping Your Eyes on the Future

AMCs and lenders need to keep their eyes wide open to the rapid advancements in spatial computing, AR, and AI that are already redefining our world and the services within it. This isn't a future scenario; it's happening now.

It's essential to ask yourself and your development team some critical questions:

  1. Does our team have AR capabilities?
  1. How can we incorporate AI into our Property Data Collection?
  1. Can we remain competitive over the next few years with our current approach?
  1. What are the risks of building and maintaining these solutions ourselves?

The answers to these questions will provide insight into whether you're ready for the technological wave that's already upon us.

Contact Us to Stay Ahead

For CEOs, managers, and all decision-makers in the AMC and lending space, it's time to delve deeper into your technology strategy. Explore your options, understand the risks, and embrace the potential of AR, AI, and spatial computing.

With Value Acceptance as your tech partner, you're not just buying into a service; you're investing in a future-proof strategy. Let's redefine the standards of the real estate industry together. Embrace the new era of valuation modernization, and secure your place in the future of property data collection and reporting. Reach out to Value Acceptance today to learn more about how we can help you stay competitive in this rapidly evolving space.

Wesley McCombe

Wesley McCombe

Director

Wes is passionate about helping lenders, property industry professionals and valuers leverage the changes to the valuation industry.