How to Be on Top in the Real Estate Sector with Higher Levels of Agent Competition and iBuyers
An iBuyer is an online investor who uses industry data to determine a fair price for a home. After this is done, the entity buys the home and promptly resells it later for 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 globe are improving the ways to help them stay relevant, and here are some of how they are making this happen.
Agents are emphasizing the importance of personal connection. By highlighting the personalization of the service they offer, real estate agents are already ahead in this game. Homebuyers are particularly interested in this because being such a massive investment in their lives, and they would like to meet and talk with a person other than leaving this 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. Real estate agents should ensure that the establish such new connections and will also foster their existing ones. Learn how to build relationships with your clients by reading this real estate tech resource.
The popularity of the iBuyers move shows that people are returning to their devices to engage technology more regularly. 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.