Just like any other industry in the 21st century, the real estate industry has witnessed a dramatic evolution in recent years. With empowering new technology, the everyday bread and butter of real estate have changed a lot. Many new tools and business models have been developed to better serve the consumers and significantly remove the inefficiently of previous generation of real estate transactions.
Read on as we explore three ways the real estate industry in Augusta has changed in the last ten years.
Online Listings
Technology is a critical player in how the real estate industry in Augusta has changed in the last ten years. If you time-traveled to today from the 1980s-1990s, you wouldn’t dare to believe how much real estate listings have evolved. In the old area, properties listings are exclusively in the hands of selective real estate agents in town. Without talking to real estate agents, you had no way to know which houses are for sale on the market. Nowadays every listing is visible online, and it is the preferred way of marketing a property. Everyday home buyers can now go to online portals and search for the homes they like based on sizes, rooms count, location, and other features. The online listings usually have enough pictures and descriptions that provide the buyers with a good basic understanding of the property. It’s very common for realtors to also include a virtual 3-D walkthrough of the property in the listing. With this, you can see the full 360-view of the house, and click through the house as if you’re walking inside it. Some buyers who’re relocating even buy the homes without seeing them in person. Because of the accessibility to online listings, it is very important to set the sale price of your house correctly. Since buyers now have a lot of data on their hands, they can quickly tell if your listing price is way too expensive compared to other properties in the local neighborhood. As the result, properties that need are outdated and need some work typically won’t sell for market value; buyers know they can pay the same price and get a move-in ready home instead.
Buyers Habits
In recent years, a huge portion of the demographics has become very efficient at searching online listings, including senior citizens. Buyers’ habits and expectation is the second aspect of the real estate industry in Augusta that has changed in the last ten years. Buyers nowadays expect beautifully professional photos on the listings. Low-quality shots of the homes using cell-phone cameras usually turn up a red flag. Not only that, sellers need to remove their personal belongings from the pictures to make the buyers feel that the house is crispy clean, and not lived-in. Another thing that can scare buyers away from a listing is if the price is too low for the area. Buyers typically know a range of how much a house can be sold for in the area. A low-priced home usually makes the buyers wonder what is wrong with the homes that the agents don’t disclose in the listing. Most buyers do not want to do any repairs and just want move-in-ready homes. Therefore, expect to receive very low offers if your house is in need of renovation, if any offers are made at all.
Hybrid Agent Investors
One of the most remarkable ways the real estate industry in Augusta has changed in the last ten years is the combination of a professional real estate investor with a professional real estate agent. Once you’ve met with your hybrid agent investor, they will present you with an explanation of two potential outcomes, detailing the expenses and final profits from a traditional listing on the MLS as well as through a direct sale to your hybrid agent investor. Then, it’s up to you to decide which is best suited to your financial and personal needs and goals. The goal of a hybrid agent investor is to provide you with all of the data necessary to make an educated decision about what is best for you because we want you to feel good about your decision long after the transaction, and we do this with no obligation.
Acting as a professional investor, your hybrid agent investor will work together with a team of industry professionals to quickly assess your home and the power of cash on hand to promptly purchase and rehabilitate your property. In addition, working as an experienced real estate agent, your hybrid agent investor can market and sell homes, utilizing the latest advances in technology. Additionally, because they’ve spent years networking within both the investor side of real estate and throughout their career as an agent, with this vast amount of connections, word of mouth quickly spreads on available properties to buyers of all types. So no matter the condition of your home, or any time constraints, you’ll find the solution with a hybrid agent investor to help you over any hurdles you may feel stand in the way of your sale.
The emergence of the high-tech and highly savvy hybrid agent investor is one of the most significant ways the real estate industry in Augusta has changed in the last ten years. Buying or selling your home may be the most substantial financial transaction of your life, so why not find out how this revolutionary combination can benefit you? Contact HBI Home Solutions today at (706) 389-5419.