Why You Still Need A Real Estate Agent
b'With\\xa0Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
Even Web-Savvy Millennials Prefer A\\xa0Face To Face On Their Home Buys
Here\\u2019s something that\\u2019s pretty counter-intuitive\\u2026 the abundance of online information has actually driven up demand for the\\xa0face to face\\xa0real estate agent \\u2013 from 83% in 2010 to 88% in 2015. Part of the reason is that there\\u2019s just so much information out there that it\\u2019s hard to tell truth from fiction and marketing hype, so buyers, including younger, web savvy millennials are using their online research to select experienced agents that can hold their hands through likely their biggest expenses ever \\u2013 a home purchase.
There\\u2019s also the issue of changing real estate and mortgage laws which buyers have a hard time keeping up with, and naturally see value in using an agent that\\u2019s up-to-date on all the regulations and is on-hand to help with negotiations and answer questions face to face.
And with rising unemployment, demand for housing continues to be strong, especially in more desirable areas. So higher prices are pushing buyers out to cheaper areas away from city centers and commuting distances appear to be rising. Tight inventory is also capping people that want to sell and trade out or trade up, so it\\u2019s a bit of a Catch 22, which is why new home construction could be the answer to alleviating the crunch in housing.'