We know that the computer has provided a great deal of information and search capabilities for buyers and sellers. The next question is will you replace the agent? Can a deal be done entirely online, and if so, will people trust and use it?
There are some sites that are testing this in hopes of being the next “killer app” or the next disruptive technology. Disruptive technologies like the computer or the email application or even the cell phone really change our lives and enrich the early developers. You know they will try very hard and attract a lot of money for development.
Now there are some sites that test the networks’ ability to deliver a full transaction without the agent, saving buyers and sellers money.
Industry statistics tell us that 8 out of 10 use the web to search for properties. This is good, because we all prefer informed clients. They are easier to work with because they know what they want and are less likely to waste time.
NAR opines: According to an article in the Wall Street Journal; “Walt Molony, a spokesman for the National Association of Realtors, says that’s not likely. He says the trade group’s research shows that more than half of netizens begin their searches on metropolitan multi-listing sites or the Realtor itself. .com in the industry. Sales by owner (FSBO) are at “all-time lows” of just 12%, and 5% of those transactions occur between people who already know each other, according to NAR. Plus, it says, no No matter what tools the site offers, many buyers and sellers will still want a professional to guide them through the home sale transaction. “
The world is rarely a matter of one of two options. I think the broker will continue to be the central focus of transactions, but we will see more competition from websites that will offer a variety of ways to buy or sell. The following are some sites that offer services that compete with traditional methods that are worth checking out:
MLS type sites:
Site type transaction:
Real estate auctions
Real estate offer
I believe that if you are a comfortable buyer or seller and real estate is an area of expertise, then you could save commission and do better by using one of the new virtual agent sites. At the very least, you can get a ton of information that will help you avoid unpleasant surprises. Take advantage of all the information that is accumulating and at your fingertips.
Thank you for reading