The real estate industry is always changing and evolving. 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. In this post, we explore three ways the real estate industry in Arizona has changed in the last ten years.
Online Listings
Technology is a critical player in how the real estate industry in Arizona has changed in the last ten years. Online listings have become the method of marketing real estate, both developed and vacant land. As a buyer scrolls through listings online, there is one chance to make a great first impression. Among the sellers’ expectations from their agent is the strategic use of high-quality digital photography and 360-degree drone footage of the property. To this end, top agents market properties on multiple sites and utilize the services of professionals to grab the attention of buyers. Another tool to enhance online listings comes in the form of clear, easy to follow maps of the land, as well as the surrounding area. Additionally, pricing your land right has never been more critical; setting the wrong asking price could eliminate your property from the right buyer’s search because your number is too high or too low. 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 land, and this is our second of the ways the real estate industry in Arizona has changed in the last decade. Expectations have changed for technically savvy prospective buyers who scroll through properties online; they want to have a good idea of the location, condition, value, and details of the land in question. 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 land 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.
Hybrid Agent Investors
One of the most remarkable ways the real estate industry in Arizona has changed in the last decade 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 land and the power of cash on hand to promptly purchase your property. In addition, working as an experienced real estate agent, your hybrid agent investor can market and sell property, 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 what your situation, 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.