In the real estate industry there is a saying that it's all about 'location, location and location'. If that is true, then the possibilities are endless when GPS functionality is coming to the mobile devices.
Here are a few examples of the applications that have been released over the last 6 months.
This is a very impressive solution where you point your mobile phone's camera on the buildings and get information about apartments for sale. You've to see the video below.
From the Techcrunch blog post:
"Layar is a so-called ‘augmented reality browser’, an application that turns you mobile phone’s camera viewer - only on Android-powered phones for the time being - into a full-fledged information portal and local business search engine. It essentially puts an information overlay on top of your camera view, bringing digital data of various sorts into play whenever you’re looking at or for something in the real world.
Imagine being on the look-out for a great new place in a street nearby your current apartment or house and seeing all the real estate listings, with some details and pricing included right from your mobile device as you’re walking down the street. Imagine watching status updates your friends pushed to social networks roll in with location information attached to them (e.g. ‘Tweets Nearby’). Imagine finding information on ATMs, public transport etc. in a city you’re visiting just by starting up the camera on your mobile phone. And thanks to an integration with Google Local Search, how about being able to look up contact information and reviews for businesses (e.g. restaurants, bars, etc.) in your direct neighborhood with one-click dialing capability?"
The famous US based automated valuation service for single family houses has released a great iPhone app using the GPS functionality.
"Taxi Madrid is an useful tool for taxi cabs travelers to calculate routes, distance, time and fares on map.It will use GPS to determinate your actual address and calculate all the taxi ride cost to the point you want to go." From the blog.
Further reading at TechCrunch.
To sum up
Those where just a few teasers on what could be done using the GPS functionality in mobile devices. More examples could be found in the Wired 'Inside the GPS revolution' article.
I believe there will be great efforts to create location based applications for the real estate professionals in the near future. Just wait and see...