Change, change...everywhere a change...that 1960s lyric had it right.
Of course, with change, there's always that law of unexpected consequences.
Block chain technology is now our surround sound, and it will complete the demise of "the middle person". Realtors are middle people, bridging the gap between a seller and a buyer.
Do a search of both proptech (next generation technologies for real estate...these companies may replace realtors) and block chain technology (a peer to peer value transaction technology).
If the Internet was about information sharing, the next steps of consumer to consumer actualities will completely change the terrain we stand in. Five years out, real estate as an industry will have evolved to another model.
Hmmm...no one wants to be the buggy whip business segment.
Currently banking, mortgages, lawyers, land registry, conveyings, are all elements of a traditional real estate transaction. The purveyors of these elements are also middle people in the transaction process. (Time is a factor. Two weeks to transact?). Their roles will also change. Or disappear.
Initially, some had thought that the interpretive function of a realtor would remain as a valued part of a sales process. Particularly in "pocket places", where surface search information would not discover specific and essential lifestyles background. Hmmm....
Very important to back up, to check the periphery vision...to not lean into prepared tunnels. The thing shimmering there at the edge of our vision could be the creative solution.
The consumer is prepped to seek a direct communication with the provider...technology is allowing this. Middle people may be gone.
Meantime, in China, there is apparently a robotic newscaster, presenting news in English...one cannot tell if a real presenter or a robotic version. And the answer to the question: what is reality?
Perhaps a study of philosophy is the key?
Hmmm.....
Comments(9)