The digital age has completely changed the role and value of the real estate agent. Below is a list of things that agents used to do for clients. Thanks to technology, there are solutions for many of these tasks that can easily be completed by buyers and sellers themselves.
Bōde is a completely the modernized real estate marketplace empowering buyers to search for homes, research market data, book showings, make offers, and complete home transactions online – themselves. It allows sellers to create their own listings, accept showings, negotiate and accept offers with full control and transparency. All without the need for an agent.
While it’s unlikely that real estate agents will become obsolete, more Canadians are comfortable and confident in buying and selling homes online. To date, almost $150 million of real estate has been sold without a listing agent through the Bōde marketplace.
Let’s take a look at the list of tasks buyers and sellers no longer need an agent for:
Provide you with information detailing current market conditions
Help you with financial information, such as how much house you can afford
Guide you through the home purchase process, including getting financing and what information you’ll need to provide
Research homes for you using tools like MLS
Open doors for homes best suited to your needs
Negotiation of a home purchase
– Bōde make an offer on any listing on the market
Help you find a lawyer
Help you find home service professionals such as home inspector
Provide up to date information on the market to determine a reasonable asking price
Develop a marketing plan that could include repair suggestions, open houses, advertising
Provide security for your home when it is being shown to strangers
– Vivint, Thinkpro, Okos
Negotiate the best price for your home
Monitor the sale process, renegotiate as needed and resolve issues prior to closing
– Bōde includes a streamlined and simplified contract and closing process.
It is also worth mentioning, the above list doesn’t take into account the amount of money buyers and sellers save when they choose not to use a real estate agent. In Alberta, it averages $28,000 and $48,000 in Vancouver. At a time of record high housing prices and rising interest rates, Canadians are looking for a variety of ways to keep real estate costs down.