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Blog Articles

28 Nov

10 years in real estate. 10 things that have changed.


Blink. And it’s been 10 years. 10 years in real estate. I reached that milestone in May this year. What a ride!

10 years in real estate. 10 things that have changed.

A lot has changed in ten years, but the fundamentals stay the same. It's still a stressful time for buyers and sellers, it's still competitive, and for me - it's still fun.

10 things that have changed in 10 years

1.  No one wants to drive with me to look at houses anymore

2.  Launching a property takes days, not weeks

3.  Everyone has a real estate app on their phone (well mostly)

4.  Great photos are everything! (and now we have drone videos and virtual walkthroughs)

5.  Buyers are smarter - they're better informed

6.  Agents aren't the gatekeepers of information anymore - it's out there

7.  There are more options for private sellers

8.  More real estate firms - more choice, more competition, more agents (good and bad)

9.  Being a Dad makes it harder to work nights and Sundays!

10. I've lost my babyface (mostly) and have a few more grey hairs

So what's in store for the next 10 years?

Hmm. Should be interesting. Here are a few of my predictions...

  • Online auctions will become more popular eg: www.propfi.auction
  • There'll be even more free information available on homes eg: www.homes.co.nz
  • Home ownership rates will reduce further and affordability issues will persist
  • There'll be fewer, but better agents (only the strong will survive)
  • Consumer protection around Real Estate will continue to improve
  • Customer satisfaction will be the key measure of business success

And for me?

I'll stay focused on doing a great job and having fun (and I'll probably grow a few more grey hairs).

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