The Future of Real Estate

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Waddell Realty Broker, Allen Parham, visited with the Oracle today at his office. Forecasts of the future were given to Allen and the Waddell Agents, based on three questions.

  1. Will we runout of inventory?
  2. Who is buying real estate and where?
  3. Is every agent going paperless?

These are important questions and the answers are incredibly valuable. Contact your Waddell Realty Agent to gain insight on the future of real estate in 2014. The Oracle operates a “cash” business and will not go paperless in 2014

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Housing Review 2013 Columbus, GA & Phenix City, AL

Columbus, GA Market

  • 1,842 homes sold. 252 (14%) were new homes
  • 120 average days on market
  • $157,572 average sales price
  • 887 (57%) are located north of exit 6

Phenix City, AL Market

  • 824 homes sold. 315 (38%) were new homes
  • 120 average days on market
  • $148,082 average sales price
  • 353 (43%) are located in Lee Co.

Interesting fact: in 1995 Columbus, GA real estate agents used WTF as an acronym for?…………………Waterfront Footage

Does Your Real Estate Agent Negotiate Like a Typewriter?

Until this week, I thought typewriters were only used for issuing Marriage Licenses and Death Certificates. I’m negotiating an offer with another broker, who uses a

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typewriter to create and edit documents. When I first received a copy of the offer, I thought the printer needed to be realigned or maybe the paper was not loaded properly. As I reviewed the contract for a second time, I noticed the ancient Typewriter Font.

Really, this broker used a typewriter to create this contract!

 

“This can’t be true”, I told myself. Our state contracts are only available online, which requires a computer and printer to access these documents if you were going to use a typewriter. Would an agent actually print a contract, from a computer, and then load it on a typewriter to fill in the blanks? YES, and I had to witness this with my own eyes before I could believe it.

Negotiating an offer with someone who uses a typewriter is a long, slow process full of errors that cause you to crumble up paper and start over several times.

 

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YouTube in Today’s Real Estate Market

The less time you spend showing properties, the more time you will have to write contracts. What does every agent want? More time to write contracts.

The problem is this:
We spend most of our time encouraging clients to go view properties and then we spend the rest of our time physically showing them properties. How much time does that leave us for writing contracts? NOT MUCH!

With YouTube you can show your properties to multiple buyers and spend more time writing contracts. 

YouTube:

  • Allows buyers to tour your listings to their convenience not your inconvenience. Saving both you time. 
  • Allows buyers to bring Mom/Dad, best friends, co-workers, and anyone else with an internet connection, all at the same time. 
  • Helps buyers only physically view homes they will love living in. YouTube will help you and your clients winnow your list to a manageable number of properties.

Here are three examples of agents using videos on YouTube to show property.

Kim Mixon 454 Teal Drive, Phenix City, AL
The Boutique Real Estate Group 120 Skyline Dr, La Habra Heights, CA
Christophe Choo Most Expensive Homes Los Angeles-Beverly Hills

If you start using video to market and show your properties, you can confidently say to your clients, I’m going to spend less time showing your home and more time selling it.

 

Now go get on YouTube and start uploading videos. 

A Raft Full of Baby Boomers

I never thought I would be standing on the banks of the river watching my parents raft down the Chattahoochee

To date over 14,000 people have been rafting on our amazing river.