Back in the Real Estate Market: Navigating the New Tech-Centered World
What if someone awakened from a long slumber — and decided to sell their home and buy a new one? That’s sort of what many empty nesters and other long-term homeowners face today. Many have paid little or no attention to the dramatically altered real estate market.
It’s not just that prices have changed: The entire buying and selling process has been transformed.
It’s a brave new tech-centered world
Perhaps the biggest change over the past 20 years is that technology has revolutionized the market. Now, consumers can effortlessly access all sorts of information that used to be mostly proprietary; it was hidden until revealed by industry insiders. Today, information is everywhere and the Internet is the first stop for most potential home buyers.
Buyer’s are capable of knowing everything about the homes they’re interested before they buy. Information is out there and Buyer’s can come in armed with all sorts of information about prices, taxes, the community and more.
Take one of the thorniest questions that both buyers and sellers used to face; How much should they offer/ask for homes? Uncovering home value used to involve intricate, bespoke examinations of recent sales within a community. Today, buyers and sellers can get a rough estimate with a few keystrokes.
In addition, Broker websites – like Patrick Parker Realty – add to the wealth of information online about the properties. They also provide advice and explanations on all different aspects of buying and selling; examples:
FREE DOWNLOAD: The Ultimate Buyers Guide
FREE DOWNLOAD: The Ultimate Sellers Guide
Buyers can… get a good sense of the market before you begin to shop. Then, take all that knowledge and work with an agent who has an intimate understanding of the local market.
Sellers can… use real estate sites to come to a better idea of how much their homes are worth, what they’re likely to be worth in the future, and what they need to do to maximize their sale price.
Real estate websites have become increasingly content rich, the Patrick Parker Realty Blog being just one example.
Just a few recent developments; videos shot from drones for aerial looks at how homes fit into the landscape and community; 3-D walk-throughs that enable users to take virtual home tours where they can poke around corners and see what’s behind the sofas; and apps that provide real-time access to activity anywhere within a community.
Buyers can… access price or tax history and inspection information, find out what the local schools are like, neighborhood crime rates, and the home’s proximity to parks, shops, restaurants, and cultural amenities.
Sellers can… access their listing pages and update home facts. They can go online to find out the best time to sell their property in their area. After its listed they can learn how many buyers have looked at their property and how that compares to other, similar homes.
All-told, consumers are much more empowered, much more in charge of the buying and selling experience. They have information at their fingertips that can make them much more prepared and discerning sellers and buyers.
Are you back in the market? What are your favorite online destinations to research and find information?