Archives

Categories

Recent Comments

    As the real estate industry continues to evolve, so do the methods used to showcase properties. One such innovative approach gaining immense popularity is the use of virtual tours. In this expert review, we will explore the step-by-step process of starting a virtual tour for real estate in the US. By leveraging this technology, agents can enhance their marketing strategies, reach a wider audience, and provide an immersive experience for potential buyers.

    1. Understanding the Benefits of Virtual Tours:
      Virtual tours offer numerous advantages in the competitive real estate market. They allow potential buyers to explore properties from the comfort of their own homes, saving time and effort. Virtual tours also enable agents to showcase every aspect of a property, highlighting its unique features and selling points. Moreover, virtual tours attract more qualified leads and significantly increase the chances of closing a sale.

    2. Choosing the Right Virtual Tour Platform:
      To begin your virtual tour journey, it is crucial to select a reliable platform that meets your specific needs. Several options are available, each offering different features and pricing models. Some popular choices include Matterport, Kuula, and EyeSpy360. Consider factors such as ease of use, compatibility with different devices,

    We've seen commercial virtual tours start from as low as £300 and go as high as £4,000+ based on the physical space, the scope of the project, the objectives & the number of virtual tours required.

    How do you implement a virtual tour?

    Step-by-Step Guide To Create Virtual Tour Using WPVR

    1. Step 1 – Install and Activate WPVR.
    2. Step 2 – Create a Virtual Tour.
    3. Step 3 – Configure General Settings.
    4. Step 4 – Set Up Scenes.
    5. Step 5 – Use Hotspot Efficiently.
    6. Step 6 – Publish The Tour and Collect Tour ID.
    7. Step 7 – Place The Virtual Tour On Your Website.


    Is there a demand for virtual tours?

    The global Virtual Tour Market Size was valued at $448.10 million in 2020, and is projected to reach $6.5 billion by 2030, growing at a CAGR of 31% from 2021 to 2030. The outbreak of the novel coronavirus has drastically affected the growth of the virtual tour market globally in a positive manor.

    How do I add a virtual tour to MLS?

    1. Click the Listings menu.
    2. Click Add & Edit Listings.
    3. Click the Edit button.
    4. Scroll down to and click on Photos & Tours.
    5. Click Virtual Tours.
    6. Click Add Virtual Tour.


    How much does a 360 virtual tour cost?

    Working With a Professional

    Hiring a professional to create a standalone 360-degree tour will typically cost around $200. The 360-degree tour service is often sold either as part of a marketing package or as a package add on.

    What is the inherited capital gains tax loophole?

    When someone inherits investment assets, the IRS resets the asset's original cost basis to its value at the date of the inheritance. The heir then pays capital gains taxes on that basis. The result is a loophole in tax law that reduces or even eliminates capital gains tax on the sale of these inherited assets.

    Is money inherited from an estate taxable?

    Regarding your question, “Is inheritance taxable income?” Generally, no, you usually don't include your inheritance in your taxable income. However, if the inheritance is considered income in respect of a decedent, you'll be subject to some taxes.

    Frequently Asked Questions

    How do you avoid capital gains on a house that was inherited?

    There are four ways you can avoid capital gains tax on an inherited property. You can sell it right away, live there and make it your primary residence, rent it out to tenants, or disclaim the inherited property.

    How do I avoid capital gains tax when selling an inherited property?

    How to Minimize Capital Gains Tax on Inherited Property

    1. Sell the inherited property quickly.
    2. Make the inherited property your primary residence.
    3. Rent the inherited property.
    4. Qualify for a partial exclusion.
    5. Disclaim the inherited property.
    6. Deduct Selling Expenses from Capital Gains.

    How do you shoot a virtual tour in real estate?

    Here's how to create a virtual tour for a real estate listing in six steps:

    1. Select Your Equipment.
    2. Choose Your Virtual Tour Software.
    3. Plan Out Your Photos.
    4. Clean and Stage the Home—or Consider Virtual Staging.
    5. Test Out Your Equipment and Lighting.
    6. Take Your Photos and Upload Them to Your Software.

    How do you make a 360 home tour?

    Home the app suggests some common rooms to choose from it's best to begin the virtual tour outside the front door in the app. Select. Front door as the room type capture the first panorama.

    FAQ

    Is virtual real estate profitable?
    Pros and Cons of Virtual Real Estate Investing

    Any investment is going to have some pros and cons. While many people have made money with virtual real estate investments, some have also lost profits. After all, investments like this are high risk with the potential of high rewards–it's not guaranteed.

    How to avoid capital gains tax on sale of inherited property?
    How to Minimize Capital Gains Tax on Inherited Property

    1. Sell the inherited property quickly.
    2. Make the inherited property your primary residence.
    3. Rent the inherited property.
    4. Qualify for a partial exclusion.
    5. Disclaim the inherited property.
    6. Deduct Selling Expenses from Capital Gains.
    Is money received from the sale of inherited property considered taxable income?
    In general, any inheritance you receive does not need to be reported to the IRS. You typically don't need to report inheritance money to the IRS because inheritances aren't considered taxable income by the federal government. That said, earnings made off of the inheritance may need to be reported.
    How do I avoid paying taxes on an inherited house?
    There are four ways you can avoid capital gains tax on an inherited property. You can sell it right away, live there and make it your primary residence, rent it out to tenants, or disclaim the inherited property.

    How to start virtual tour for real estate

    What is the best way to avoid capital gains tax on real estate? Fortunately, the IRS gives homeowners and real estate investors ways to save big. You can avoid capital gains tax by buying another house and using the 121 home sale exclusion. In addition, the 1031 like-kind exchange allows investors to defer taxes.
    Who pays capital gains taxes when there are multiple heirs? Generally, the capital gains pass through to the heirs. The estate reports the gain on the estate income tax return, but then takes a deduction for the amount of the gain distributed to the heirs since this usually happens during the same tax year.
    How do I upload a virtual tour to realtor com? From the home page of your realtor.com® professional dashboard:

    1. Click Listings in the left-side menu.
    2. Select the desired listing and navigate to Listing Details.
    3. Under Virtual tour / video link, click on the pencil icon.
    4. Toggle the button next to Enter a custom link and paste your video link.
    How do I upload a virtual tour to MLS?
    1. Click the Listings menu.
    2. Click Add & Edit Listings.
    3. Click the Edit button.
    4. Scroll down to and click on Photos & Tours.
    5. Click Virtual Tours.
    6. Click Add Virtual Tour.
    • How do I publish a virtual tour?
      • Tab. Once done the blue button will change from upload to re-upload. And you can obtain links to share or embed the tour in your website by clicking on the link. Button.
    • How do I upload a virtual tour to Zillow?
      • Link directly on Zillow
        1. Login to your Zillow profile.
        2. Click on the Profile Icon in the top right hand corner of your screen.
        3. Select Listings from the menu options.
        4. Click the Edit Listing button to the right of your chosen listing you wish to add a virtual tour to.
    • Can you upload 3D tours to Zillow?
      • A third-party VR tour (Matterport, VPix360, etc.) or a slideshow can be included on a Zillow listing by adding it as a virtual tour to the MLS listing. Afterward, the VR tour or slideshow can be viewed on the Zillow listing in the Facts and Features section by clicking on the View Virtual Tour link.
    Tags:

    Leave A Comment

    Fields (*) Mark are Required

    Copyright 2023 - Wood Bridge Realty Estate.