| As a real estate Agent, I have witnessed personally | | | | will hardly fall in love with the product, even if for |
| over the years the industry constantly and | | | | their own use. As such, our progenies will have no |
| continuously changing and rejuvenating itself. Changes | | | | time for household chores: carpet cleaning, window |
| have stemmed out of improved technologies, | | | | cleaning, gutter cleaning will all be carried out by |
| different consumers and an overhaul of our entire | | | | specialized companies or strata management |
| lifestyle, especially here on the West Coast. People | | | | companies as in the case of apartments.[ ] The |
| expectations are different today, both in terms of | | | | Realtor and the rise of the machine.Consumers, both |
| the services sought and products demanded. | | | | buyers and sellers, will have their own access to data |
| Expectations are so different, in fact, they have | | | | from a variety of sources, but mostly from the |
| impacted even the engineering and architectural | | | | Internet. As they will be technically skilled and |
| aspects of real estate.Not too long ago the Strategic | | | | computer proficient, the Realtor will no longer be |
| Issues Subcommittee (SIS) of the American National | | | | seen as the primary source of real estate |
| Realtors Association was asked to identify the top | | | | information. Instead the Realtor will function as an |
| trends influencing changes in the industry, as well as | | | | interpreter of information, both relating to products |
| to give a futuristic outlook of what the real estate | | | | as well as to the workings of real estate, especially |
| landscape will look like a few years to come, both in | | | | financing.Realtors, moreover, will be required to be |
| the United States and in Canada. Their findings are | | | | very skilled at negotiating. In essence they will |
| extremely interesting, both from a professional | | | | function pretty much like ambassadors. It will not be |
| viewpoint as well as from the social sciences | | | | only a matter of writing and presenting offers: they |
| perspective. Ultimately real estate is a "people's | | | | will be required to explain the rationale behind the |
| business", and the following major factors speak | | | | offers they write. They will also be required to |
| volume about how we are all going to think and act. | | | | explain why offers have not been accepted and to |
| Here they are.[ ] Changing consumers values and | | | | provide solutions.[ ] Entry of large-scale financial |
| behaviorsThe very concept of family is changing. | | | | institutions.This will probably be the largest single |
| Family has been instrumental to the creation of all | | | | change in the industry. Banks will no longer be only |
| human civilizations throughout the centuries, but this | | | | lenders. They will become suppliers of real estate as |
| pivotal knot is going to be entirely different. No more | | | | well. With their large working capital, branch networks |
| Dad, Mom and two kids. An ever increasing number | | | | and back-end technology solutions they will at one |
| of people will be living alone or as a couple at the | | | | time step into the industry and build, finance and sell |
| most. The general trend throughout Western | | | | their own real estate products with and through their |
| societies is not to have children, and this trend will be | | | | own Realtors.They will do it on a catalogue basis, so |
| more remarked in times to come.'Home Sweet Home' | | | | to speak. Just as you can walk into Sears today and |
| will change too. Our children will be living mostly | | | | order a vacuum cleaner on catalogue, you will be able |
| outside, and will not require large homes or, for that | | | | to walk into a bank tomorrow and order a house on |
| matter, large apartments. The one-bedroom and den | | | | catalogue, perhaps a house not yet built. Pull out your |
| will be the standard fare a few years down the road. | | | | own credit-card size computerized ID, and in the |
| On the other hand, consumers of tomorrow will be | | | | same branch you can view the schematics, order the |
| increasingly technically competent, will want to have | | | | interior decor, sign the offer, get the financing all set |
| access to all sort of information - products, financing, | | | | up, order the appraisal, request the lawyer, sign the |
| services - and will be 'decision-independent', meaning | | | | warranties and I'll bet by the time you are finished |
| they will be more than capable of making their own | | | | about an hour later, they will give a bottle of |
| decision as to which real estate product they will buy. | | | | champagne before you walk out the door, too !A |
| The time of the stereotypical pushy, hard-selling real | | | | world of change is awaiting on us all. Everything will |
| estate agent trying to shove a house down | | | | be different: vehicles, clothing, technology ... why not |
| consumers' throats will be a thing of the past (it | | | | real estate. Doesn't all this make you feel old already |
| already is, as a matter of fact).[ ] Diverse approach | | | | ? You are not alone.Luigi FrascatiLuigi Frascati is a |
| to the home transaction.The financial impact of | | | | Real Estate Agent based in Vancouver, British |
| buying real estate will continue to be the primary | | | | Columbia. He holds a Bachelor Degree in Economics |
| consideration. Consumers will increasingly look at their | | | | and maintains a weblog entitled the Real Estate |
| home purchase as just another facet of their overall | | | | Chronicle at where you can find the full collection of |
| financial picture, pretty much the way they look | | | | his articles. Luigi is associated with the Sutton Group, |
| today at stock and bond investments. Price, in fact, | | | | the largest real estate organization in Canada, and is |
| will supersede emotion. No more purchases dictated | | | | based with Sutton-Centre Realty in Burnaby, BC.Luigi |
| by the impromptu feeling of the moment. | | | | is very proud to be an EzineArticles Platinum Expert |
| Tomorrow's buyer will be cold and calculated, and will | | | | Author. Your rating at the footer of this Article is |
| buy only if it makes financial sense to do so. He/she | | | | very much appreciated. Thank you. |