[Philip Lelyveld comment; Some USC undergrads with a $350 Theta have been hired by realtors around LA to do this for a few hundred dollars a house. There is a lot of room for competition in the market.]
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.
Sam DeBianchi, founder of DeBianchi Real Estate is more skeptical, however.
"I think it's a great tool, but that's where it stops," she said. "It's virtual, it's not reality."
The cost to turn an apartment into a virtual listing doesn't come cheap, however.
Serhant said he has some Manhattan apartments completed for $3,000, while a recent 3-bedroom apartment in Manhattan that CNBC visited, costed $15,000 in total.
See the full story here: http://www.cnbc.com/2016/05/05/will-virtual-reality-change-real-estate.html