Ever explored the world of property investment as a novice buyer? If so, you’re likely more than familiar with the substantial financial and logistical hurdles. Despite these hurdles, being part of no ongoing property chain brings some flexibility for first-time buyers. While most concede this to be a standard part of today’s property market, it’s probable that those involved in property sales could streamline the process, making it less problematic. There’s no reason why this process ought to be as complex as it currently stands, particularly when a willing seller and an enthusiastic buyer are involved.
An Anticipated Shift
This suggests an alteration in property market operations is due. However, it’s crucial to first pinpoint the main issues. A significant one seems to be a lack of incentive among conventional agents to sell properties rapidly, with some focusing more on amassing higher fees and commissions. But this is not seen in niche sectors like the quick property sale market, where agents’ success lies in providing value and finalizing fast deals.
An evolution has also resulted from the advent of new, online agents who insist on a fixed commission fee upfront as opposed to a percentage of the ultimate sale price. This is noteworthy, as online agents are effectively setting a clear cost for their services and determining a specific timeframe for transactions to be profitable. This breeds more ambitious and driven agents that are aligned with their clientele.
The Influence of Technology
Technology, or the lack of innovation employed in it, also presents a challenge. While companies such as AsIsNow.com have leveraged video marketing to enhance the visibility of certain properties, the platform hasn’t been fully utilized as a sales and viewing instrument. Utilizing this tool to its maximum could revolutionize the market by facilitating real-time, virtual property tours and nationwide sales.
In sum, these elements would instigate a gradual, yet significant revamp of the property market. Though there’s more work to be done in this sector, these initial modifications could modernize the marketing and selling techniques of property in the UK.
