The real estate is a property consisting of land and the buildings on it, alongside with all its natural resources such as minerals, crops, water, some immovable property and so on. The business of real estate is a profession of buying, selling or renting a land, building or housing. This is actually a legal term used in jurisdictions whose legal system is derived from the English common law.
Over the years, the business of real estate has reached to the level of technology and the internet. But even now, there are estate agents who are still doing their work as they were doing years ago. Here arises a question. Wasn’t the technology of this advanced generation supposed to drive the estate agents out of their business?
The answer is specifically a NO!
The quantity has definitely decreased but not finished. There are a few reasons mentioned below which simplify the existence of estate agents in this technological era.
• The Internet Improves Productivity: Buyers can now find their desired homes that they want through online research; this makes the estate agent take less time to tour the buyers around the plot. The internet sites offer the buyer with much-needed offers; it helps the estate agent to save time during the procedure of buying and selling.
• Post-crash things are more complex: The crash in housing and tighter lending standards have made the average transactions much harder to navigate without the help of an expert.
• There are people who still don’t trust in cheap things: The buying and selling of houses are a big deal, and people don’t want to take the risk in doing so. Some online buyers and sellers can make fake attempts in order to negotiate a property whose actual price is lower and the quality of the estate is low as well.