Stay Ahead of the Game in the Real Estate Industry in This Age of iBuyers and Agent Competition
iBuyers are investors who use industry information to come up with a fair price for a house. After this is done, the entity buys the home and promptly resells it later for a profit. Find out more about how this real estate tech works on the site. Sellers can benefit from this type of technology since they can get a personalized home offer in less than 24 hours. Traditional real estate agents can feel as though they are left out in these transactions, but there are ways that they can approach the process in such a way that they create a more effective process that allows everyone to win. Here is how one can make this happen.
Agents need to look at the iBuyer business model to understand how they can strengthen the practice as a whole. 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. Find more about real estate tech and how it can help you improve your business practices. Instead of allowing this technological move to make the traditional element obsolete, agents should focus on their core capabilities and serve their customers in a way that they cant get such a level of service anywhere else. Real estate agents across the globe are improving the ways to help them stay relevant, and here are some of how they are making this happen.
Real estate agents are applying an emphasis how important personal relationships are. By highlighting the personalization of the service they offer, real estate agents are already ahead in this game. 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 this real estate tech blog for information about how you can pursue relationships with your clients.
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.
Learn more about real estate tech and how you can use it for your advantage in the real estate industry.