Being a real estate agent in a housing market with a very small inventory of houses can be an unenviable job. How do you satisfy your clients having such great expectations when you do not have the inventory to match their demands? This is exactly what most real estate agents across the country are going to face this spring when buyers come out in droves.
It isn’t news to any real estate agents that the country is facing a housing shortage, and that the tight inventory is driving prices up to unaffordability for many buyers. But while the shortage presents a challenge, don’t let it be an excuse for very few numbers of deals! With some extra work, you can find homes for your buyers. Here’s how:
Investors and homeowners alike want to get top dollar for their property. There are a number of factors that can have an impact on your home’s value, including the features of your home, quality of local schools, employment opportunities within commuting distance, the condition of your home, and countless others.
Home value is, at the core, what a buyer would be willing to pay for your home. That means that by making a few updates to your home, you may convince a prospective buyer to accept a higher price than they otherwise would.
“It’s true that home values are largely dictated by market traction in your zip code and the immediate vicinity,” said Mr. Dekel, CEO of the real estate marketplace SetSchedule. “But there’s a tremendous amount of negotiation strength if the seller puts some work into the cosmetic aspect.”
Real Estate Technology Startup SetSchedule Launches AI-Predictive Learning Mobile App for Real Estate Agents
SetSchedule®, the revolutionary real estate marketplace that connects real estate agents with homeowners and buyers, today announced the launch of their mobile app, enabling real estate agents to receive valuable industry insights as well as qualified leads in the form of listing appointments. The AI-predictive learning interface is available on the SetSchedule desktop platform and agents can now download it directly to their iOS and Android devices.
In a seller’s market, as the current real estate climate is currently considered, buyers without property to sell may be harder to convince to buy a home. Without the profit from a current property, many current renters struggle to come up with a down payment and may be skeptical of their ability to ever buy a home.
First-time homebuyers provide a large untapped market that could provide plenty of clients for real estate agents. The trick is to focus your marketing and tools towards this particular demographic. Here are some tips.
Be ready with advice about down payment assistance
The biggest barrier to buying a home is coming up with the necessary down payment. By sharing information with your prospects about down payment assistance, you introduce them to some tools they may not otherwise have been aware of.