With the immense changes in technology, along with how property buyers and sellers interact, the Pretoria East property market has definitely witnessed a great shift in the way homes are marketed and how business is done.
Gone are the times when property agents utilised just signboards, newspapers and pamphlets to advertise and sell properties. These days property sites along with social media websites play a key position in the marketing approach used by real estate agents to promote their Pretoria East property listings. Consumer behaviour has altered significantly, and presently nine out of ten home buyers initially search the web before utilizing any other form of media.
The launch of social online platforms has changed the old model of publishers and editors being the only way into the media world. Now, they occupy just a portion of the media networks, while social hubs continue to spread and affect consumers in the real estate trade including Pretoria East property. In other words, consumers themselves hold the facility to impact the marketplace and the opinions of other consumers.
Home buyers, home sellers and professionals operating within the Pretoria East property market now have the chance to share information or wisdom and speak their mind on the topic of real estate or environment surrounding it.
Because of the shift in media impact, agents have an opportunity to promote real estate in a different way but may also need to change their methodology when dealing with today’s Pretoria East property buyers and sellers. The new generation consumer has information readily available at all times, so the relationship is no longer founded on a trusted adviser function but rather as trusted resource. Home buyers and home sellers require the kind of facts, figures, graphics and comparative market analysis from an estate agent that they cannot find from other resources.
Once the agent becomes a source of knowledge to home buyers and sellers, their function would then be to guide them through the minutiae of the transaction and to supply the best information possible to ensure the parties concerned can make the right decision. As a resource, the estate agent should be able to supply access to the information and facts needed to conclude the deal. Nevertheless, it’s the Pretoria East property seller who will agree on how that data is utilised. Today’s buyers and sellers desire to be a part of the procedure, whether it’s the price the house is marketed at or the way it is marketed.
Whilst older generation homebuyers and sellers may appreciate the fact that an estate agent has done the research and compiled the data they need, today’s buyers and sellers would like to be directed to where they can access the info themselves. The Pretoria East property buyers and sellers who choose to do their own exploration will usually consult the resources they have on social online networks ahead of making a conclusive choice.
As social media websites increase in popularity, their impact on the Pretoria East property market will expand and the face of the property business will change and will need to adapt to cater for this. These networks have become a huge trend and a brilliant marketing tool. Figures illustrate that in countries such as the US, social networking takes up 22% of all time spent on the internet. Twitter averages 40 million tweets each day and 30 billion pieces of content are shared on Facebook every day. There are presently approximately 500 million users on Facebook with over 50% being inside the home purchasing age bracket. That’s an immense pool of impending buyers and sellers who can impact industry and the manner in which their peers feel about real estate investment.