How the real estate market has changed

A lot has changed in the real estate world over the past few years. Understanding those changes can come in handy for anyone entering the market, especially when looking to down-size. Here are a few ways the real estate marketplace has changed, and how these changes may impact buying or selling a home.

Buyers and sellers have more access to info. Today many buyers can look at online resources like the Multiple Listing Service at realtor.ca to see homes that are available for sale. The accessible, up-to-date system is a big upgrade from paper-based listings. Buyers and sellers can also learn more about how they are protected during the process from the Real Estate Council on Ontario, which enforces rules and a code of ethics among estate professionals.Real estate professionals are more accessible. Cell phones and mobile technologies have made brokers and salespersons easier to reach. Now when guidance or advice is needed, you can expect a quicker response.

Commerce can be conducted electronically. Contracts can be signed with electronic signatures, offers can be submitted via email, and money can be transferred electronically. This makes the buying and selling process more efficient.

Real estate professionals can offer specialized service. Different age groups may look at real estate differently and have unique needs. There are now brokers and salespersons who specialize by demographic group (like the boomers). More information to help find one near is available at www.seniorsrealestate.com or www.thesenioragent.com.

One thing hasn't changed: the knowledge and experience of a real estate professional can be very valuable when you're buying or selling your home.

More information is available at www.reco.on.ca.

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