Real Estate Tip of the Week: Keeping Up with 2020 Trends

The real estate world is constantly changing and expanding – and it’s important that you, as a real estate agent, stay at the forefront of it.

Instead of being fearful of the industry changes, embrace it! Change will always occur, but that doesn’t mean you can’t adapt. Here are some tips to ensure your relevance in the upcoming 2020 real estate year.

Security Updates

According to Real Estate Consulting Firm, T3 Sixty, in 2018, more than 11,000 real estate data crime victims lost $150 million in total. Not good.

But – there are ways you can combat this problem. With new technology, comes new ways to hack – so it’s important that you keep your vigilance. Here are some tips:

  • Update your passwords – check out our recent blog on updating your password here.
  • Verify, verify, verify – call your client, lender, etc., when you have received an email about any updates or changes to your transaction.
  • Update your programs – make sure your computers and cell phones are on the most current update.
  • Two-Step Authentication – requiring a second form of identification can thwart potential hackers.

iBuyer Growth

Not all brokerages have implemented this feature yet – but it’s definitely something to keep an eye on. iBuyers are a quicker sale and is essentially all online. Atlanta Real Estate coach, Dr. Lee Davenport, has a great article discussing the advantages to jumping aboard the iBuyer train – and how to do it.

Referrals and Leads

The average consumer spends $10,000 on services like movers, insurance, utilities, home security, and home improvements within the first six weeks of a home purchase.

Using a third-party vendor to offer referrals for these services after your client’s transaction has been completed is predicted to go on the rise – and hey, it offers a great structure for a referral base.

These are just a few of the changes that are heading our way in the real estate world. Let’s make this a successful year – check out the rest of Alliance Title’s blog to stay in the know!

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