Are Real Estate Agents Becoming Obsolete in 2021?

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Are Real Estate Agents Becoming Obsolete?

As technology is growing rapidly, everything has become an easy process even the selling and buying of a house. But in the past time, real estate agents will play a prominent role as their main role is searching and screening of the house. Still, we can able to find some house brokers but some people think that in few years the real estate agents will become out-fashion. Before we answer this question “Are Real Estate Agents Becoming Obsolete?” let’s learn why we need real estate agents in the first place.

Why do we need real estate agents?

Why do we need real estate agents? - ARE REAL ESTATE AGENTS BECOMING OBSOLETE?

I agree with the statement that technology has taken the world, but if you ask me are real estate agents becoming obsolete then I don’t think so. As the world is getting interconnected, most real estate agents feel that they get vanished in further years. But not everyone will go online, as there are still people who trust real estate agents. Because spending your money on the property is not a small thing, it is a very big thing as it requires investment. 

The real estate agents will make the client satisfied and also they will comfort the client so that they will come back to them. There are a lot of real estate companies that are offering professional and licensed agents so you can trust them while investing in the property. 

Before knowing why you need real estate agents, you need to know the benefits of having a real estate agent. When it comes to the real estate business, the most important role is that buying, rehab, rent, refinance, and repeating it. All these methods will be known by the real estate agents and also they will aware of all the legal terms. They will act professionally and will provide crucial information that you need. As per the reports, 40% of people will prefer online marketing, but a higher number of people will go for professional and experienced agents, so the real estate agents will never get obsolete. 

I won’t say that online media is not providing accurate information, but still when it comes to buying a property most people trust humans. I will accept that the technology-related market is challenging the real estate market, but you need to know that whatever the technology in the future, but still people will prefer human-touch things more.  

Best 10 reasons for having a real estate agent:

Best 10 reasons for having a real estate agent - ARE REAL ESTATE AGENTS BECOMING OBSOLETE?

Even though the technology has gone so far, but still none can come equal to the real estate agents. There are a lot of reasons why you need the best real estate agent on your side while closing a deal. Here are the best 10 reasons that will let you know the pros of having a broker;

To avoid issues

Buying a property is a dream of everyone, and most people are putting a lot of effort and time to get a new home or land. So, before spending your money on any property you need to check thousand times, and also you should move your business through a familiar person. If you purchase a house online, it doesn’t show about the neighbours or even you can’t able to know about the critical things involved in the house. But a real estate agent is involved in the business for years, so he will explain everything to you in detail to avoid issues. 

Trained and experienced

In online, we can’t find real professionals or skilled workers, but the real estate companies will offer trained and experienced agents. They are not only highly skilled in their specific field, but they are also skilled in law, loan, mortgage, bank, and so many other things. Also, if a new system arises they will be easily adaptable as they are highly qualified. When it comes to the real estate business, it will be always changing and upgrading so the real estate agent should remain updated. If you want to make the process easier and want to complete it in a shorter time then go for the real professionals real estate agents.     

Information providers

The local real estate agents will help you when you are willing to change the house but not willing to change the locality. This is the time where you really need the help of the local real estate agents, as they will work to meet your demands. This will be one of the faster and effective ways of finding a home and also you don’t have to miss your neighbours. You can mention your requirements to the agent as they will help you to find the house within a second. 

Know everything about the local market

Accurate information will help you to find the right and perfect house, and the information provided will be true as they are licensed agents. Also, the information provided online will work well but you need to understand that it won’t be equal to the information provided by the highly skilled agents. 

Most people don’t spend time collecting information about the property, but they don’t know that information will play a crucial role for the new buyers. If you are one of the new buyers and don’t have time to gather information then I would recommend the real estate agents.  

To get professional help

Yes, technology has developed so much but it doesn’t mean that anything available online will be true and right. But if you wanted to get information online, then don’t need to worry here is professional help. There are tons of websites and mobile apps are available that are designed by professional agents. So, you can get help from them as they will be providing a wealth of information and you can trust them. Even they will explain all the processes if you are a first-time homebuyer. Also, it will save you from violating certain laws or regulations. 

Highly talented in negotiation

In the process of buying a home, negotiation will play a major part. If you don’t know why most people move towards the best real estate agents, then the answer is they will help you to get a dream home at a lower price. Even though the buyers sell the house for a bigger price, the real estate agent will play a trick by using the negotiation skill but also note that not all the agents will have this skill. You need to find the right agent, and they will help you to satisfy all the parties during the transaction. As they know how to make the sale as smooth as possible.  

Handle the situation

The most important quality of the real estate agent is that they should know how to handle all kinds of situations. You know why because the business involves a lot of multiple offer situations. They should have a lot of connections like vendors, inspectors, contractors, and lenders so that they can help you from getting cheated. Having these kinds of agents will also help you when you are facing issues in financing or some other trouble. The agents will handle the situation well without causing more damage to it.  

Update with the latest news

I hope most people don’t know that the real estate marketing will be changing and updating frequently, that means the laws and regulation will be changing often. Even the economy, state and federal rules, mortgage, finance, and others will change and they adopt the new technology. So most agents will be aware of all the information and they will update themselves. They know a lot of things even the computer and smartphone don’t provide. If you sit and talk with them for few minutes you will get to know a lot of things about the market which you are unaware of.  

Can find a perfect house

This will be one of the best reasons that will let you know why you need a real estate agent. If you think that the real estate agents only provide homes or land, then you may be wrong. Because they even help you in the financing, as they will provide the financial evaluation based on the competition and market value of the property. They will have a list of data and using this they will help you to find quickly, free, and comparable home solutions in your area. With the resources available, you can able to find a perfect and right home. 

Expert in marketing

As the real estate agents will be experts in sales and marketing skills, so they will help you to find the right home. They will have a wide network so you can able to find your dream home easily. Even they will suggest you find the house that will comes under your needs, preference, and lifestyle.

This will help you when you have to sell a house, as the real estate agent will provide exposure to the house that will attract potential buyers through their marketing skills. They will provide a greater chance of finding a perfect buyer. 

How to save the real estate agents?

The technology is causing the biggest and most impactful in the real estate industry, but one of the best things to do by the real estate companies to add value is that they should shift the technology to their industry. I know you will be confused by this statement; they can extend their offer through technology by bringing some innovation. You need to know that the real estate market is the most powerful and well-funded area. So, they need to involve in the digital world to save their market disrupted from technology. Various industries are offering their service through apps or websites, and in the same way, they can offer their service online by satisfying their clients.

The other best way I will suggest to save the market is that they can extend their value and service. This means that you need to update your knowledge and provide more efficient and profitable ways for reaching a higher number of audiences. If the real estate agents want to achieve success, then I would say they should use the advantages of the technology. They can increase their value by making some offers or by advertising about the properties; this will help the industries to operate efficiently. 

Can we trust the online platform of real estate business?

Can we trust the online platform of real estate business? - ARE REAL ESTATE AGENTS BECOMING OBSOLETE?

As I said before, people love to do physical visits, and also they will love the things that are human touched. But the time doesn’t let them do such things, so without any option to be left, they are moving towards the online option. So, most people will prefer a virtual tour and an online payment system. But there is a way to cover these kinds of customers, as many real estate companies are offering apps or websites, and using that we can able to find our dream home.

The customer can visit their target property virtually and if they don’t like it then they can move to the other property. This will offer high comfort to the customers, and once in a day, you can visit more than 2 properties that are not possible through the real visit. Through this online portal, you will get to know detailed information about the property. The information provided will be true as the online portal is run by real estate companies. 

In other sites, the information offered will be suspicious, and also the price range will be higher. This will be the best way to avoid the challenges that are caused by online services.  

Bottom Line:

Most people say that in the upcoming years there will be no scope for real estate agents, as the technology has taken the market. Maybe it is true, but when compared to online, it would be best to hire a real estate agent as they will know all the information about a place. If you wanted to move online then various websites are run by a real estate agent; you can prefer that to get detailed information about land or a house. If you need any help do not hesitate to contact us. – Reza Abbaszadeh

About the author

Abbaszadeh Team

Mr. Abbaszadeh is the founder and CEO of Abbaszadeh Entreprises consists of 4 different companies and multiple divisions within its venture portfolio. In 2019, Reza Abbaszadeh has been awarded as The Youngest Iranian Businessman by Forbes Magazine.