iBuyers are online investors who use the sector’s data to establish a reasonable price for a home. After this, the entity purchases the house with a short turnaround, and sells it again a few days later at a profit. Find out more about how this real estate tech works on the site. Sellers benefit from the use of this technology because they can get an offer for their home in as few as 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 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 can serve as a useful resource to understand the real estate tech and the iBuyer business model. Other than allowing the technology moved to render the traditional way useless, agents can improve their capabilities such that they will get a level of service that cant be found elsewhere. Real estate agents across the world are coming up with new ideas to remain relevant, some of which are given next.
Real estate agents are using a focus on the essential aspect of personal connection. Real estate agents are ahead in the game when the highlight a level of personalized and face to face tailored service to their customers. 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 needs to focus on cultivating relationships with those customers that they currently have and also build others with new customers. Learn how to build relationships with your clients by reading this real estate tech resource.
The prominence of the iBuyers move indicates that clients are engaging technology more frequently. 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.