What to expect of an estate agent: Time to disrupt the status quo

For too long, South African real estate agents have been stuck in the past, delivering the same kind of service the same kind of way that they have for the last fifty years. According to Tony Clarke, Managing Director of the Rawson Property Group, the time to disrupt this status quo is now.

“Our industry – a multi-billion-rand industry – is failing to communicate our value by sticking to old, traditional, and expensive ways of doing business,” says Clarke. “We can’t be surprised if newcomers start disrupting the way we do things; they’re simply taking advantage of gaps we create by failing to embrace the changing real estate landscape.”

Clarke believes technology has been the main driving force behind changes to the industry, simplifying many aspects of the traditional real estate agent’s role, and giving consumers far better access to property information than ever before.

“If we look at the traditional real estate model, the role of the agent was to connect buyers and sellers and provide reliable information and advice for both parties,” says Clarke. “These days, much of those roles have been taken over by technology in the form of online sales platforms and an internet full of data.”

As a result, Clarke believes buyer and sellers are entirely justified in expecting more than just the basics in return for the fees that they pay their estate agents. Far from being a threat to the profession, however, he views these expectations as an exciting opportunity to evolve.

“There’s a fundamental attitude shift that needs to happen,” says Clarke. “It’s not enough to be just an agent, just a salesperson, or just in it for the commission. Today’s real estate professional needs to be a trusted advisor and a long-term consultant, adding value at every point of our clients’ real estate journeys – not just when they buy or sell.”

A key part of this modern approach to real estate services lies in interpreting the masses of information available online, and helping buyers, sellers and owners leverage these insights in the most effective way.

“Information overload can be a real problem on the internet,” says Clarke. “It’s not always easy to tell fact from opinion, or to know what is and isn’t relevant to your particular circumstances. In a nuanced industry like property, that can cause a lot of unexpected issues, leading many a buyer and seller down the wrong path through no fault of their own.”

By embracing their role as property consultants, Clarke believes modern agents can offer invaluable assistance in interpreting market information within the context of individual circumstances to enable customers to make better property choices from day one. Something that is only possible because of traditional agents’ years of on-the-ground experience and the backing of a similarly experienced team.

Property advice is an advantage he sees modern agents delivering, however, the ongoing training, carefully honed negotiation skills and teamwork of cutting-edge agencies provides a distinct competitive edge as well – but only if agents are willing to make full use of their tools and abilities.

“At the end of the day, we can either sit back and complain about change, or we can get out there and show the world what it means to be a true property consultant,” says Clarke. “We have the ability to give people a comprehensive property service that simply doesn’t exist anywhere else, and become long-term, trusted advisors, is more valuable than any commission on a sale. If a little disruption and some healthy competition is what it takes to get us there, then I think it’s a good thing at the day of the day.”

For more information please email marketing@rawsonproperties.com 

For more stories like this, Get Estate Life Magazine for free

Latest…

General, Lifestyle

Although many prospective buyers test the market online these days, most want to physically visit and experience a property before making one of the biggest investment decisions of their lives. This means that show houses are just as important as ever, says Tyson Properties CEO,...

Read More
General, Lifestyle

Purchasing a property from a deceased estate is no ordinary property transaction. While there might be a great opportunity to buy a home at an attractive price, it’s essential to understand the complexities involved, including the possibility of prolonged waiting periods, says Andrea Tucker, Director...

Read More
General, Lifestyle

Purchasing a home is a significant financial commitment that requires careful planning and long-term dedication. When taking out a bond or mortgage, potential homeowners agree to repay the borrowed amount with interest over a specific period. Managing bond repayments is crucial for maintaining a good...

Read More
General, Lifestyle

Summertime is synonymous with outdoor gatherings, garden parties and the national South African pastime, the ubiquitous braai and creating the ultimate backyard space for these occasions not only enhances your enjoyment of your home, but also its value. “We’re blessed with the perfect climate for outdoor...

Read More
General, Lifestyle

While the demand for residential rentals in South Africa is rising, so is the number of defaulting tenants. The depressed economy, interest rate hikes, and the pandemic’s lingering impact on jobs and income, are contributing to an increasing number of South Africans failing to pay...

Read More
General, Lifestyle

Load shedding continues to significantly reshape the attitudes of homeowners, and the expectations of buyers and sellers, in the South African property market. This is according to Renier Kriek, Managing Director at Sentinel Homes. “Enjoying one’s home to the greatest extent possible during blackouts and...

Read More
No Comments

Post a Comment