Real estate is in the midst of a major digital transformation. There’s a growing consumer demand for fully digital experiences that has been building for years, and it has evolved nearly every aspect of life. Real estate is in the midst of a major digital transformation. There’s a growing consumer demand for fully digital experiences that has been building for years, and it has evolved nearly every aspect of life.
Buying or selling a home shouldn’t be any different. Yet, for decades it has been. The traditional experience for buying and selling a home is based on antiquated processes that are time-consuming, complex, and uncertain for consumers. Thankfully, that is beginning to change.
With higher interest rates, inflation, and economic uncertainty, the market is moving differently than it was just a few short months ago. Many sellers have grown used to the idea of a quick sale, and getting everything they want. And buyers had grown accustomed to low interest rates that enabled them to afford higher priced homes.
There are more digital options than ever for home buyers and sellers throughout their journey”from near-instant mortgage pre-approval done through an app, to iBuyers that will buy a sellers home for cash, to programs that back a buyers offer with a company’s cash. What do all of these products and services have in common? They’re not only online experiences that are faster and more convenient, but they also provide more control and certainty for the customer.