Drones find home in real-estate market
As unmanned aircraft become more widely available, some real-estate agents have started to use drones to sell listings, inviting prospective buyers on aerial tours of country estates, waterfront acreage — and even standard, suburban development.
The Baltimore Sun
BALTIMORE — Real-estate agents have long boasted of the lengths they’ll go to market properties. Now, for some, the sky’s the limit.
As unmanned aircraft become more widely available, some agents have started to use drones to sell listings, inviting prospective buyers on aerial tours of country estates, waterfront acreage — and even standard, suburban development.
“A buyer today wants to see a stunning Hollywood trailer experience,” said Robert McArtor, an agent with Re/Max Components in Fallston, Md., who uses a GoPro camera mounted on the belly of a quadcoptor to take aerial video of his listings. “We have created the wow factor.”
McArtor is one of the few agents talking about his activities — at least in part because using a drone for a commercial purpose is officially outlawed by the Federal Aviation Administration (FAA), which is authorized to regulate unmanned aircraft and has been working on rules to govern systems weighing less than 55 pounds since 2008. (Hobbyists are allowed to fly drones up to 400 feet in the air.)
The National Association of Realtors has advised members not to use unmanned aircraft to market properties until the FAA issues rules, but the group signed on to a letter sent to the FAA in April, urging it to come out with the rules sooner rather than later.
“The concern here is that this industry is starting to form itself, and the longer the FAA waits to write the rules, the more difficult it’s going to be to get the horse back in the barn,” said Ben Gielow, general counsel for the Association for Unmanned Vehicle Systems International, an industry trade group, which organized the letter.
The FAA said it expects to publish the rules this year; the initial deadline was 2011.
The FAA estimates that 7,500 unmanned commercial aircraft will be licensed to fly by 2018, but a market study by Gielow’s group predicted sales of 160,000 units per year by 2020.
Agriculture is expected to represent 80 percent of the sales, with real estate falling into a 10 percent “other category.”
While some are forging ahead with the technology, uncertainty about the rules is holding back wider use, Gielow said.
“Until the FAA comes out with the rules and finalizes them, the industry will be grounded,” he said.
Andrew Strauch, MRIS multiple-listing service vice president of product innovation and marketing, said he is not personally familiar with agents using drones but has seen them employed for listings on the West Coast.
He said it could make buying and selling more efficient.
“We’re visual people. The more you enable an understanding of what the house experience is like, the more time both the listing agent and the seller will save, because they’ll only be showing the listing to people who are truly interested,” Strauch said. “It’s definitely a hot topic.”
The technology is most useful when marketing large estates, which benefit from the context of a bird’s-eye view of the grounds, said Ron Howard of Ron Howard & Associates, who sought out the drone-photography firm Elevated Element when he was marketing a Baltimore County home in 2012.
It was a cheaper alternative to a plane and allowed closer shots, he said.
For city listings, which make up most of his business, images found on Google suffice.
“I don’t think you’re going to see a lot of city agents using drones,” Howard said. “If we were out in the county with multiple-acre estates we would be using it all day long.”
Elevated Element offers real-estate photo packages starting at $199.
Hiring a photographer and a plane can cost about $350.
Elevated Element co-founder Terry Kilby said the company expects contracts from real-estate agents, as well as the number of commercial developers interested in tracking a project over time, to grow as the rules become clear.
“We expect agents to take this on themselves, and we also see a growing third-party industry,” he said, adding that for some, hiring a company with experience will trump learning to fly the drones themselves.
McArtor said he also thinks agents will want training and is working to create a safety course he hopes to sell to other agents.
In the meantime, he said, he hopes drone use will spread beyond the luxury market, and he’s not concerned about the FAA because the drone shots are part of a free marketing package.
“I wanted this for all properties,” he said. “I have no worries.”