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DS News June 2021

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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93 93 INVESTMENT GOVERNMENT PROPERTY PRESERVATION 3D TOURS BOOSTING SFR MARKETING EFFORTS According to new data from PlanOmatic, property leads increased by 25%, and days on the market decreased by 23% when a 3D tour was used to market a property, compared to properties marketed using professional photography. e test was conducted in partnership with a nationwide provider of single-family rental homes. PlanOmatic's test tracked more than 162 of its partners' properties across three markets, Indianapolis, Memphis, and Dallas. PlanOmatic created 3D tours for each property utilizing Ricoh eta Z1 cameras. PlanOmatic formed a test group by adding a 3D tour alongside professional photography, alternating between Matterport 3D and Zillow 3D, to the property listing online. e test group was compared to a control group that used only professional photos to market the property, and the activity was monitored. "Most home searches start online today, and this has changed the way in which single- family rental properties are marketed," said Kori Covrigaru, Co-Founder and CEO of PlanOmatic. "Digital tools such as 3D tours allow a consumer to visualize a home without having to step foot in it, and the data from our test proves that single-family rental properties that are marketed with 3D tours online result in increased consumer leads, and fewer days on the market. Consumers are demanding 3D experiences online and prioritizing properties with 3D assets." Journal

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