There is speculation that Millennials are forcing a change in real estate with the help of do-it-yourself apps and websites. What are some specific ways that Realtors provide value for your clients?

Question

Holly Weatherwax, A Great Real Estate Experience ( Associate Broker, Momentum Realty)

Answers Subscribe to Answers

Sort

Rainmaker
724,856

MaryKay Shumway

The Kellstrom Ray Agency, Inc. (Est. 1948) - Sister Bay, WI

Door County Wisconsin's Real Estate Expert

Social media and providing education. I have been teaching a real estate session in our local high school for seniors as to what to do to buy your first home, and we go over everything--the first item being credit score, credit score, credit score. They leave the class SCARED, but I know I've made an impact and hopefully they won't get caught in the college credit card trap. I also stress saving for the downpayment, and talk about current programs that may change in the future (FHA with 3.5% down, as an example). I work with a lot of millennials and they appreciate it. With most of them, it's a two year experience trying to help them establish credit if they don't have any.

Jul 05, 2015 02:55 AM

Upvote

1

Ambassador
3,168,134

Tammy Lankford,

Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA

Broker GA Lake Sinclair/Eatonton/Milledgeville

I sell mostly retirement homes so by the time millennials are buying in my market I really won't give a flip. I'll be dead and gone.

Jul 05, 2015 02:22 PM

Upvote

Rainmaker
4,319,773

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Holly Weatherwax - when MLS data was available online, everyone was afraid, will our business be affected in the same way as Travel industry is?

Nothing happened then, and nothing with WWW 2.0!

We are in a relationship business - and will be in business.

The changes could be - educating the client, negotiation skills, marketing skills - and we will have to be expert at that.

Jul 05, 2015 02:06 PM

Upvote

Rainmaker
1,466,257

Michael Setunsky

Woodbridge, VA

Your Commercial Real Estate Link to Northern VA

Holly Weatherwax Do-it-yourself apps and websites will never take the place of expertise, professionalism and ability to close a property.

Jul 05, 2015 03:06 AM

Upvote

Rainmaker
212,755

Stefan Winter

Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV

Owner - Winter Group & Real Estate Web Tech

Negotiations and contracts would be the two big once I can think of. I don't think an app will change anything in the very near future.

Jul 05, 2015 02:59 AM

Upvote

Rainmaker
1,578,243

Karen Fiddler, Broker/Owner

Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA

Orange County & Lake Arrowhead, CA (949)510-2395

I think about technology as tools. I really think our experience is invaluable to our clients...and they get that.

Jul 05, 2015 02:57 AM

Upvote

Rainmaker
4,800,132

Gabe Sanders

Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL

Stuart Florida Real Estate

Millennials and many others feel they know much more about real estate because of the wealth of online information. Though, when it come to actual value, offers, negotiations and contract they soon understand just why we are needed.

Jul 05, 2015 02:28 AM

Upvote

Rainmaker
5,773,228

Ron and Alexandra Seigel

Napa Consultants - Carpinteria, CA

Luxury Real Estate Branding, Marketing & Strategy

Holly,

I agree with Chris and Dick Dovorany . I think that no one class rules, because we all can identify with values of one generation or another. A

Jul 05, 2015 02:23 AM

Upvote

Rainmaker
699,277

Chris and Dick Dovorany

Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL

Broker/Associate at Premiere Plus Realty

I don't believe any class of people makes changes for the masses. Real Estate is cyclical. An app can't show you properties. If you want to sell, declutter, fix up kitchens and baths to the best of their financials and clean up the yard.

Jul 05, 2015 01:52 AM

Upvote

Back to Top

Social media and providing education. I have been teaching a real estate session in our local high school for seniors as to what to do to buy your first home, and we go over everything--the first item being credit score, credit score, credit score. They leave the class SCARED, but I know I've made an impact and hopefully they won't get caught in the college credit card trap. I also stress saving for the downpayment, and talk about current programs that may change in the future (FHA with 3.5% down, as an example). I work with a lot of millennials and they appreciate it. With most of them, it's a two year experience trying to help them establish credit if they don't have any.
I sell mostly retirement homes so by the time millennials are buying in my market I really won't give a flip. I'll be dead and gone.
Holly Weatherwax - when MLS data was available online, everyone was afraid, will our business be affected in the same way as Travel industry is?

Nothing happened then, and nothing with WWW 2.0!

We are in a relationship business - and will be in business.

The changes could be - educating the client, negotiation skills, marketing skills - and we will have to be expert at that.
Holly Weatherwax Do-it-yourself apps and websites will never take the place of expertise, professionalism and ability to close a property.
Negotiations and contracts would be the two big once I can think of. I don't think an app will change anything in the very near future.
I think about technology as tools. I really think our experience is invaluable to our clients...and they get that.
Millennials and many others feel they know much more about real estate because of the wealth of online information. Though, when it come to actual value, offers, negotiations and contract they soon understand just why we are needed.
Holly,

I agree with Chris and Dick Dovorany . I think that no one class rules, because we all can identify with values of one generation or another. A
I don't believe any class of people makes changes for the masses. Real Estate is cyclical. An app can't show you properties. If you want to sell, declutter, fix up kitchens and baths to the best of their financials and clean up the yard.