The price of gas seems to continue towards $4.50 per gallon. I`m positive many will agree we`ll see this happen sometime in the very near future!
Many Realtors will have to adjust their strategy when showing a home or meeting a client. It will cost an average of $90.00 to fill your vehicle. This will alter the way we all travel.
Majority of us drive clients in our vehicles. We take our clients to an average of 5-7 homes in a two hour time frame.The amount of miles is usually between 20-75 miles per outing.
Looking at the numbers,driving clients won`t be an option unless these clients are pre-approved. The days of allowing a client to get a feel for the area will be over.Conducting business will change.
It will be a challenge for many.Technology will be crucial for our survival.
Simply put, more homes will have virtual tours,additional photos,as well as charging a potential client a fee to cover the expense of travel.Who knows maybe some will charge the sellers a "Gas Fee",paid at closing!
It will be interesting to see. I`m under the impression Real Estate and the way we conduct business will drastically change.
I read a post the other day where a Broker was questioning a "Transaction Fee" paid at closing, I`m here to tell you more and more Realtors will be charging a fee to cover expenses or their survival will diminish.
Some question why a "Transaction Fee" is necessary.l guess if you start breaking down you`re expenses, you`ll come to a conclusion,it may not be.
The future of Real Estate is changing in front of our eyes.
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Published by Scott Daniels on October 31, 2007 06:37 AM
