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3 Ways the Port Orchard Real Estate Industry Has Changed in the Last 10 Years

3 Ways the Real Estate Industry Has Changed in the Last 10 Years

Industries always evolve or likely die. The real estate industry won’t die because people will always want to buy and sell homes. Therefore, the real estate industry is always changing and evolving. So today, it’s a new era in real estate. Technology has dramatically influenced the standards in the day-to-day practice of the real estate business, and it continues to evolve. More sophisticated, user-friendly business models have also grown out of the changes to serve consumers’ needs better in every area of life. 

Read on as we explore three ways the real estate industry in Port Orchard has changed in the last ten years. 

Online Listings

Technology is a critical player in how the real estate industry in Port Orchard has changed in the last ten years. Online listings have become the method of marketing property. As a buyer scrolls through listings online, there is one chance to make a great first impression. Among many strategies, sellers might expect to see their agent employ professionals to create high-quality digital photography and 360-degree drone footage of the interior and exterior for virtual walk-throughs, In some cases this is considered the industry standard. To this end, some agents market properties on multiple sites and utilize the services of professionals to grab the attention of buyers. With these highly detailed photos in mind, staging has risen to the forefront and has become an important part of the industry. Professional stagers highlight the property with the experience of potential buyers in mind as they view the space as the driving force. They will remove personal items that show possession, and using neutral tones throughout the home, and a variety of other important techniques that come with experience in the industry. Additionally, pricing your home right has never been more critical; setting the wrong asking price could eliminate your property from the right buyer’s search filters because your number is too high or too low. They may not ever even see your listing. These changes in the real estate industry have also made properties in less-than-perfect condition challenging to sell through an online platform at market value.

Buyers Habits

Buyers have become pros at searching online listings when searching for a new home, and this is our second of the ways the real estate industry in Port Orchard has changed in the last ten years. Expectations have changed for technically savvy prospective buyers who scroll through properties online; unfortunately, presenting a property with that lived-in feeling and low-quality imagery to this audience typically raises a red flag, turning them away from the listing. However, because of the speed at which these buyers can now review a massive amount of data, you’ll find the buyers you deal with are well aware of how much your home is worth on the current market. They understand the implication when a price is too low. There’s probably something wrong that the agent doesn’t mention in the listing. The assumption with an unrealistic listing price, negotiating with the sellers may be highly challenging. Today’s buyers prefer properties that are in ready-to-move-in condition; homes that require noticeable repairs typically receive insultingly low offers, if any come at all. I don’t want to paint a grim or impossible picture. Currently, we are in a seller’s market. That makes it much easier to sell your home in Port Orchard, but that doesn’t not remove the importance of understanding these things.

Hybrid Agent Investors

One of the most remarkable ways the real estate industry in Port Orchard 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, helping you understand 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. Our process is very simple. We start with getting an appointment scheduled. During that appointment we will want to hear all about your situation. We want to get a good understanding of your situation and needs. Then we can talk about possible other options you may have that may or may not work for you, and finally we can talk about what we can do for you. That way, equipped with knowledge, you’re in the driver’s seat.

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 we’ve been networking within both the investor side of real estate and agents, we bring the power of this vast amount of connections to the table as a resource for you. 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. Let’s get an appointment setup and talk through your situation.

The emergence of the high-tech and highly savvy hybrid agent investor is one of the most significant ways the real estate industry in Port Orchard 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 Kitsap Home Pro today at (360) 329-4331.

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