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Chicago Home Owners Today s Real Estate Market And How It Affects You



T


he days of dropping a sign      The first shift was from the      
in the yard, putting an ad      individual agent to an entire     
in the paper and baking         team. This approach allows the   
cookies for a Sunday Open House       agent to focus more on finding    
are gone. Today's real estate        buyers for your home. The        
consumer is using the internet to     agent’s staff can focus on        
gather information and make           marketing the home, processing    
preliminary decisions before they     paperwork and doing the           
even go out to see homes. If         day-to-day operations. Ask        
your listing agent isn’t prepared     yourself, why wouldn’t you want   
for this shift in the industry,       an entire team working to sell    
your home could go largely            your home versus a single agent   
unnoticed.                            when it doesn’t cost you a penny  
                                      more?                             
Over the last several years the                                         
real estate industry has changed      Secondly, agents needed to be     
dramatically. Some agents feared     more proactive. Custom full      
it, some agents ignored it, but       color brochures have become       
the best agents embraced it and       commonplace in most homes for     
learned to play by the new rules.     sale. Agents became involved in  
The best Realtors discovered         more direct mail campaigns        
they now had to do more to market     marketing homes to neighborhoods  
a home. They had to learn all        and potential buyers. Some       
the new avenues consumers would       Realtors have even developed      
come into contact with homes for      buyer databases that they can     
sale. Most of all, they had to       reference as they list homes for  
be technologically savvy and have     sale. These databases            
a proactive marketing campaign to     automatically alert them to       
get a home sold.                      matching buyers making an instant 
                                      connection between buyer and      



seller.                               to buy the home sight unseen!     
                                                                        
A huge shift in the industry has      Another shift has been in value   
been the internet and it’s            added services. Consumers are    
ramifications on how consumers        doing more work on their own,     
are searching for homes. This        they need justification for what  
led to more and more Realtor          they’re paying their agent. More 
websites. It began with a few        and more Realtors are offering    
sites posting a picture of a home     value added services such as home 
for sale. Then came virtual          warranties, home appraisals, home 
tours, allowing home buyers to        staging experts to prepare a home 
preview a home from the comfort       for sale and even FREE moving     
of their desk or couch. The          trucks!                           
latest cutting edge tool used by                                        
some of the best agents are home      Even with all this technology,    
websites. An entire website          the heart of the transaction      
devoted to a single home for          still needs to be good            
sale. These sites provide more       communication and superior        
information for buyers than any       customer service. Some agents    
other avenue, even seeing the         have unfortunately lost touch     
home with an agent. These sites      with these qualities as they have 
offer unlimited photos (both          become more wrapped up in the     
exterior and interior), virtual       technology. If you’re            
tours, property documents (like       considering selling your home,    
disclosures) available for online     make sure your agent possesses    
viewing, links to schools, area       these skills. Get plenty of      
information, mortgage                 references and find out how they  
calculators, heck, you can even       will be communicating with you    
set up a showing appointment!         throughout the transaction.       
What’s next, maybe you’ll be able                                       



Perhaps the last thing that is        These are just some of the things 
important when you’re looking for     changing the real estate industry 
a Realtor these days is some form     over the last few years. Take    
of Performance Guarantee. Some       this advice to heart when it      
agents like to charge a               comes time to sell your next      
processing fee, or marketing fee,     home. A lot of consumers may be  
for listing your home for sale.       unaware of these changes, and     
If you decide to cancel your          what they should be looking for   
listing or it doesn’t sell –          in a Realtor. Don’t get burned – 
you’re out! A good agent will        find an agent that has adapted to 
provide you with an “easy exit”       these changes yet held on to the  
or Performance Guarantee stating      most important qualities like     
that you can cancel your listing      customer service and              
at no cost.                           communication!                    
                                      

                              




About the Author:

Kris Kombrink has been working in his family-owned real estate business since 1995. Specializing in Geneva, St Charles and Batavia Illinois residential real estate his team stays on top of the latest trends while maintaining superior customer. Learn more about his team at http://www.kombrink.com


Read more articles by: Kris Kombrink

Article Source: www.iSnare.com


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    Chicago Home Owners Today s Real Estate Market And How It Affects You