Virtual reality is penetrating the gaming and entertainment industry, but could it change the real estate landscape?
VR Global, a New York based company, films apartments and turns them into a virtual walk-through, where potential buyers can experience a home from anywhere in the world. CNBC recently got inside a home where the firm was turning a listing into a virtual experience.
"Turning your head to Virtual reality for real estate is like turning to Zillow, StreetEasy and Realtor.com when they first became big," Ryan Serhant, of Nest Seekers International told CNBC's "Power Lunch."
"This is the future of technology and soon buyers will be able to look at properties in New York, while they're sitting at dinner in France," he said.