Common Real Estate Trends

[brayoon]

Over the years there have been several trends in the real estate market.These can be nationwide trends, or can be focused in one area of the country. And remember, real estate trends are always on the change.Though when a trend seems to be sticking around for a long time,as a matter of fact trends are meant to change.There are several things that can cause real estate trends. This can be anything from changes in the economy to rising interest rates and much more. There is no way of saying for certain if real estate trends will come and go. Rather,it is something that you must simply deal with as it comes up. These trends affect everybody involved in this industry. This includes general house owners, buyers and sellers, mortgage companies, real estate agents, and many more.For this reason, real estate trends are always watched closely. This way, those who are involved know how to deal with these trends and can in turn handle them in the right manner. Following are the three common real estate trends to look for in the upcoming months.
1. Keep an eye on how the internet changes the real estate market in the months to come. The internet has changed several industries over the years, and this is certain to continue to take place with real estate.
2. Agents and brokers are looking for new ways to deal with upcoming generations. This is the trend that is going to change the industry in many ways than one.Simply put, the younger buyers of today are not like they were in the past.
3. Multiple Listing Services are taking a new form, and have seen several changes. Keep this trend in mind and this is something that is going to affect real estate agents in specific. These are just three real estate trends that may rear their head in the upcoming months. There are certain to be several more as well as some that are generalized in nature.

[kally]

Hello Friends.....

A nice post. Thanks for sharing the information.

Have a nice time ahead

Thanks

[MelbKate]

I'd add self-management to the list of emerging trends, as owners increasingly seek value for their money amidst rising costs and interest rates.

There are various products around, such as Posh and Rentwise, that make self-managing easy (not time consuming as the PM myth has it) and give owners the extra cash to reinvest in their properties.

[Gift Baskets]

I agree. Self management has worked for me. Have a strong negotiating presence and make clear your expectations and be forthright from day one so everyone is clear on what is expected.
Direct debit helps, straight from their employer.

[MelbKate]

Another trend for landlords to be aware of is property managers/agents pushing third party services, such as smoke detector inspections. Landlords should clarify whether such services are value for money or even necessary, especially when they could be performed by the agent or the landlord themselves at no extra charge.

[jbocker]

Another trend for landlords to be aware of is property managers/agents pushing third party services, such as smoke detector inspections. Landlords should clarify whether such services are value for money or even necessary, especially when they could be performed by the agent or the landlord themselves at no extra charge.

Good tip Melbkate, Smoke detector inspections ...are these mandatory in some states, I think I recall my Vic property agent telling me that I have to have them inspected.
Hmmm gonna check on that. I had noticed an increase in 'services' since new property managers being employed by my agent.

[MelbKate]

Good tip Melbkate, Smoke detector inspections ...are these mandatory in some states, I think I recall my Vic property agent telling me that I have to have them inspected.
Hmmm gonna check on that. I had noticed an increase in 'services' since new property managers being employed by my agent.

Landlords are responsible for installing and maintaining smoke alarms, although tenants can be obliged under a special condition of their lease to ensure the batteries are periodically changed.

While it is compulsory for all Victorian investment properties to be fitted with smoke alarms, there is no requirement for an independent "inspection service". The agent or landlord should simply check smoke alarms are working (by pressing the tester switch) whenever an inspection occurs. Pushing a button is not, in my view, a specialised service that merits an investment.

The inspection service makes no difference to a landlord's insurance policies - it is simply the agent seeking to shift any liability from it to the inspection company in the extremely rare event of a destructive fire that could have been better contained had the smoke alarm been working.

[jenny.smith]

Well there is tendency for owners to be aware of property managers / service press representatives from third parties, such as smoke detector inspections. Owners should determine if these services are value for money or even necessary, especially when they can be made by an agent or owner, without additional charge.