Stay Ahead of the Game in the Real Estate Industry in This Age of iBuyers and Agent Competition
iBuyers are online investors who use the sector’s data to establish a reasonable price for a home. After fair prices are determined, the entity acquires the house and resells it days later at a profit. The real estate tech can be used in various ways, see here for more. Sellers benefit from the use of this technology because they can get an offer for their home in as few as 24 hours. Even though a traditional real estate agent may feel as though they are disposable with this technology, they need to work with iBuyers to make the process more efficient. Herein are ways through which this can be achieved.
Agents can look at the iBuyer business model and know how they can make their own practice better. They can analyze whether people are attracted to the iBuyer model because it provides speed and cost efficiency, and seek to achieve this in their own practice. This useful resource has content on real estate tech to help you understand what is going on in the real estate world regarding technology. Instead of letting the technology render their services useless, agents need to improve the service delivery such that the level of service cannot be found elsewhere. Real estate agents across the world are coming up with new ideas to remain relevant, some of which are given next.
Agents are emphasizing the importance of personal connection. When real estate agents highlight the provision of tailored service to customers on a personal level, this puts them ahead. This is particularly important to homebuyers because the times are emotional and complicated, and being a huge investment of their lives, such buyers are more likely to entrust the services to a personalized service rather than leaving it up to an online transaction. This aspect is essential in the real estate sector especially for homebuyers, since this being one of their most significant investments, leaving it up to an online transaction may not be an appealing thing to do. Agents need to establish such new relationships and continue to foster those that are already existing. See how you can stay ahead in this aspect by reading more on this resource on real estate tech.
There is a higher level of frequency of clients viewing their devices and engaging technology as indicated by the popularity of the iBuyers model. Real estate agents can use this to their advantage by creating sound and interesting real estate tech and social media content to attract customers to them. They can also use some aspects of iBuyer technology to enhance their own service delivery.
Real estate tech can be used to your advantage as an agent, find out how.