Life for those who have been the sentries of real estate is about to change pretty drastically. If real estate agents in New Jersey — and in the rest of the country — don’t want to go the path of the dinosaurs, they will embrace a burgeoning new way of transacting property and accept the notion of becoming facilitators rather than guards in the industry. Real estate has gone through many changes over the last five decades – changing laws, changing commission structures, advances in technology and the like. Consumers — millennials especially — are starting to demand an industry where they have more say.
Leaning toward facilitation
Technology has created an atmosphere in the real estate industry that is perfect for deals that are more consumer-centric. In other words, a digital market. Ways of buying and selling will change and more consumers will want to do everything regarding buying and selling online. So, real estate agents will have to evolve with this change. Companies will have to ramp up and offer more choices or risk flying by the wayside.
What is happening in the world right now health wise has forced many industries to do things differently. Soon, real estate agents won’t hold actual open houses, nor accompany buyers to show homes. Rather, they will become more technologically savvy and go with what clients want and right now, that is the least face-to-face contact possible.
No matter what happens moving forward in the real estate industry, people will always do well to have a handle on the laws that govern purchases and sales. They can get that information from a New Jersey lawyer who has experience in the industry. Deals still need to be closed and a lawyer is an integral part of that process.