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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.
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.