Technology has revolutionized how people buy homes partly thanks to apps that have simplified everything. Buyers can now do all the work on their own like browsing listings, finding homes and narrowing their search on their own without the need for a real estate agent.
Not so long ago, everything was manual and offline, fast forward to the 21st century everything has changed.
This begs the all-important question. Are agents still relevant? Even though homebuyers do all the tedious work on their own, they will still require the services of a real estate agent to finalize the deal, and they still get the 3% commission like they used to get years ago.
In this post, we are going to discuss whether real estate agents are still relevant in this age of tech and how they can adapt to take full advantage of this phenomena.
It’s an open secret that buyers especially millennials do all the leg work during a house searching process; they use digital platforms, apps, and website to find their ideal properties and even set notification alerts whenever a new listing that fits their preference becomes available.
When they finally get to the one-yard line of finding their potential dream home that is where their power comes to an end. This is the point where a real estate agent steps in, the buyer calls an agent to open the doors and show them that property. The agents even craft and submit or write up the offer that gets them their dream home.
Real estate agents are an essential element toward the closure of house-hunting and finalizing the deal.
As a result of technology, buyers do all the work of searching for homes, but it’s only a small portion of the whole home buying procedure. Buyers researching makes them stay up to date and informed on all aspects of real the real estate sector, but at the end of the day home buyers still, need a lot of assistance navigating the home buying process.
For example, the Singaporean property market has been volatile for a while and its slowly starting to recover. Buyers wanting to purchase units of Nyon Condo require agents’ expertise and guidance to keep them organized, help them save a lot of time and take them through closing the deal and enable get them the best deal possible.
Negotiation skills and expertise
Employing the right tech assists agents remain relevant to modern digitally-driven buyers. Agents have exceptional negotiation skills and have specialized knowledge ensuring you get value for your money.
They have an extensive network of inspectors, lenders, and attorneys something that technology cannot provide setting them apart as an essential cogwheel in the real estate machine.
How can real estate agents cope with technology?
Offering unique value
The only way real estate agents can compete is staying on top of their game by striving to provide more services and value. You have to ask yourself what can you do better or offer that adds value to sellers, buyers, and renters.
Offer better experience by providing more profitability and efficiency to the buyer or client. Another aspect is staying updated. As an agent always watch out for the latest trend in technology, use the latest and best technology to compete with the changing times in the real estate sector.
Despite the benefits of modern tech, it all boils down to what a real estate agent can offer beyond the confines of the web. Technology has underlined the importance of human experience and knowledge that is extremely hard to replace. https://numberoneproperty.com/