Buoyed by low prevailing interests, Americans are keen to transition into homeowners. But it’s not business as usual for realtors—today’s buyers are more demanding. They demand transparency and will only work with realtors willing to demystify the home-buying process and make it a rewarding experience.
How do you cater to the needs of such prospects while you’re already juggling too much on your plate? That’s where proptech solutions save the day. Short for property technology, these innovative solutions help build clarity, transparency, and efficiency in all your real estate dealings.
Discover how to make your real estate transactions more transparent with proptech.
Eliminate Blind Bidding
One of the most frustrating aspects of buying a home in a competitive market is blind bidding. When a prospect sees a property they love, they make an offer and hope for the best. They have no way of knowing what others are offering, and it only fuels their anxiety. Buyers watch helplessly as their dream house slips through their fingers.
Luckily, the right choice of prop-tech can give your clients a fighting chance when bidding for a property. Platforms such as Final Offer provide real-time offer visibility to help buyers make informed purchase decisions. Final Offer allows sellers to list their specific terms while publicizing all incoming offers.
The resulting transparency helps streamline the negotiation process, allowing you to close the deal faster. Potential buyers can tailor their offers to match the seller’s expectations. The ability to track offers in real time levels the playing field—it ensures your clients never overpay for a property due to FOMO—fear of missing out.
Moreover, you can reassure your clients of a fair shot at any property that strikes their fancy. Your clients can view the offer history of a property and make their best offers. Delivering on such promises builds trust in the home-buying process and your capacity to provide a best-in-class home-buying experience.
Final Offer also doubles as a screening tool. The platform vets each prospect to ensure they can financially back their bids. That way, you won’t have many deals falling through due to financial hitches.
But that’s not all. Final Offer creates a win-win-win scenario for all parties. It allows buyers to make their best offers and ensures the seller doesn’t leave money on the table while helping you close more sales.
Streamlining the Homebuying Process
Buying a home is a multifaceted process with multiple players. Each sale requires input from various stakeholders, including lenders, other agents, home inspectors, loan officers, and more. Coordinating all these moving parts can prove a herculean task for home buyers and realtors alike.
Trackxi, a collaborative real estate task and deal tracker, can help you surmount these obstacles. It facilitates transparency by ensuring seamless communication between all parties involved in a property sale.
You can use the platform to assign tasks to clients, home inspectors, or fellow brokers. For instance, you can schedule a home inspection, request the client’s broker to release payment or signal your client to complete their loan application. The platform sends automatic reminders and alerts about deadlines and completed tasks.
Streamlining your communication efforts saves valuable time and effort. It allows you to focus on high-value tasks instead of being bogged down by crucial but low-value tasks such as sending updates and reminders. You can ensure a smooth sales process without costly delays often resulting from missed deadlines. More importantly, your clients get a front-row seat during the transaction process.
Turn Every Sale into a Satisfying Real Estate Experience
Buying or selling a home is a complex process that intimidates most people. Leveling up your tech stack can help you close more deals and grow your business. You can effortlessly match buyers with their dream properties while ensuring sellers get the best possible deals. More importantly, you can ensure your listings aren’t long on the market.
