3 Things Rhode Island Real Estate Agents Are Doing Differently in 2023

Around the country and especially here in Rhode Island, successful real estate agents are continuously seeking to improve their offerings in order to stay ahead of the competition. As we end 2023 and looking forward to 2024, there are a few impactful offerings which agents are adding to their repertoire to provide even MORE value to their clients… In this blog, we’ll explore three things that Rhode Island real estate agents are doing differently in 2023, including: investing in properties themselves, leveraging technology to streamline the buying and selling process, and providing more personalized service to clients.

1. Investing in Properties

One of the biggest changes that Rhode Island real estate agents are making in 2023 is that they are also active investors – buying and selling investment properties themselves. By doing so, these agents are able to offer their clients a wider array of options for buying, selling, and renting properties… including off-market sales, all-cash transactions, and creative financing terms. This is a stark departure from the traditional model of real estate agents only focusing on buying and selling properties for their clients. The difference is that agents who invest are able to see a property as both a dwelling and an investment – this means they are able to offer the highest level of fiduciary services and act as a financial advisor for their clients on the purchase or sale of a property.

By actively investing in properties, agents can gain a deeper understanding of the local Rhode Island real estate market conditions as well as the obstacles buyers and sellers are currently facing. They are able to use this knowledge and experience on behalf of their clients to provide more informed advice and help them to make better financial decisions when buying or selling a property. Additionally, agents who invest in properties are able to provide more flexibility in terms of pricing and timing, which can be especially beneficial for clients who are looking to sell their property quickly or who are facing financial difficulties. At Home Tree, we offer many non-traditional services to our clients, including the option of a direct sale. The owner, Matt is also a licensed Realtor in Rhode Island and able to provide all the traditional listing/buying services in addition to investment offerings.

2. Leveraging Technology

Another way that Rhode Island real estate agents are differentiating themselves in 2023 is by leveraging technology to streamline the buying and selling process. Real estate technology has rapidly advanced in recent years and agents who are able to employ it effectively can provide a better experience for their clients. For instance, electronic document delivery makes it easier and quicker than ever to updated/sign forms, drone photography allows agents to capture areas surrounding a subject property, and virtual tours allow buyers all around the world to preview local real estate.

Furthermore, agents are using virtual staging and 3D modeling to give clients a more immersive experience when viewing properties. This service can be especially helpful for clients who are unable to physically visit a property due to distance or other reasons. Additionally, agents are using data analytics and artificial intelligence to provide more accurate pricing information and help clients make better financial decisions when buying or selling a property.

Agents are also using technology to streamline the administrative aspects of the buying and selling process. As mentioned above, the use of digital signatures, online (cloud) document storage, and other such tools to make the process more efficient and less time-consuming for clients. By leveraging technology, agents are able to provide a more seamless experience for their clients and differentiate themselves from other agents who are not using technology as effectively. I am all about saving my clients time and energy throughout the transaction process, this means I will work to streamline any steps that can be consolidated or done electronically as opposed to in person.

3. Providing More Personalized Service

Finally, Rhode Island real estate agents are differentiating themselves in 2023 by providing more personalized service to their clients. In the increasingly competitive market we find ourselves in, agents who are able to provide a high level of personalized service are able to stand out and attract more clients.

Personalized service can take many forms, however it generally involves agents taking the time to understand their clients’ needs and preferences. This can include things like providing customized property recommendations based on clients’ search criteria, offering advice on home staging and renovations, and providing thoughtful support throughout the buying and selling process.

Agents who provide personalized service are able to build stronger relationships with their clients. This can lead to repeat business and referrals, which are critical for agents who are looking to build a successful real estate business over the long-term. You should inform your agent very specifically of your needs and concerns so they are able to best act on your behalf – any agent that is interested in offering personalized services will be sure to consult with you and take the time to get the info necessary to meet your expectations.

Real estate agents in Rhode Island are doing a few things differently in 2023 to provide ever increasing levels value to their clients. By investing in properties themselves, leveraging technology to streamline the buying and selling process, and providing more personalized service, agents are able to differentiate themselves and attract more clients. If you or anyone you know is interested in buying, selling, or renting a property in Rhode Island, it’s important to work with an agent who is staying ahead of the curve and providing the highest level of service possible.

Are you ready to sell a house in Rhode Island? Reach out today to find out how we can help! (401) 527-0667