The conventional real estate industry is typically full of real estate agents, brokers and agencies that facilitate the purchase and sale of properties. Sometimes, it can be challenging to make a sound decision due to the constant calls regarding a listing you have made for lease or for sale. If one is desperately looking forward to disposing of the property, they cannot be sure of what the best offer would be due to the commotion and constant calls made concerning it. These are some of the biggest challenges affecting the lucrative real estate industry today. However, being in the digital age, technology and internet are offering solutions to address these changes. Just like in the taxi industry, Uber services are now redefining the real estate industry.
The Uber of real estate is a value-adding approach to the real estate industry with an objective of protecting the interests of all stakeholders. This is simply an online property agency providing mass information and database of property listed on sale. In that case, the Uber of real estate is a property sharing culture where buyers get to access information on various properties and make comparisons before buying anything. The conventional culture in real estate is frustrating where clients are forced to deal with many agents before getting the property that they are looking for. A worse case is obsolete information and fake listings they get to find following an intensive research.
Enhanced Real Estate Culture with Uber
Matching property buyers and sellers the traditional way is quite cumbersome because one doesn’t get to have many options to choose from at once. However, with the establishment of an online real estate agency, buyers can get access to thousands of properties listed for sale. This saves a lot on the time buyers would spend on locating property and viewing it before buying it. All that agents need in this Uber culture is a mobile device with internet connectivity in order to respond to requests made by clients. Here, anyone has access to data that will be useful for making comparisons before closing any deal.
It is a lot advantageous to work with a huge database with diverse information and that is what Uber seeks to promote. It gives people the confidence making buy and sell decisions because they get to have enough knowledge of the prevailing market prices. Unlike in the traditional culture where it is the buyers and sellers looking for the best real estate agents, the Uber of real estate has agents competing for the business. Property agents will no longer have to hang on the listings themselves. Information is accessible to everyone and not the agents alone who would hide it to safeguard their commission.
A Step Ahead with Uber of Real Estate
Traditional real estate operations are normally conducted through offline outlets accruing rent expenses every month. These expenses are completely cut off. Over and above this, information can freely be shared by staff members offering financial incentives. Therefore, everyone in this Uber model will benefit. All agents in the ecosystem share their information resulting in a powerful network effect. This way, customers get to have a lot more options than it was the case in the traditional setup. While buyers and sellers can easily get good deals for their properties, the agents also tend to make more money with the shared information. No one feels disadvantaged in the entire process and decisions can be made without coercion.
Uber of real estate provides a team effort. Pushing towards for a similar goal where each person knows what they are expected to do gets the industry a step ahead in moving properties fast. This is of great benefit to everyone. The culture of sharing is what has made this model a successful one and more valuable than the conventional way. Agents can use the platform to find property and serve their customers in the same way Uber Taxi works.
The real estate industry just like any other business seeks to match willing buyers and willing sellers together. Conventionally, the culture has been one where buyers and sellers look for agents to facilitate transactions. However, with Uber of real estate, it’s the agents fighting for their business promoted through a culture of sharing information about property listings.