How to Capitalize on Home-sharing
The sharing economy is showing continuous growth. Therefore, it is essential for the relators to stay in the market trends. Many clients are keen to take advantage of this growing home-share economy. In this regard, real estate agent plays a key role. The agent should be well aware of the sharing market so that he can provide the best information to potential clients.
Real estate agents and home-sharing
Real estate agents can capitalize on the home-sharing economy in various ways. They can get an advantage by staying in the market place and having all the awareness regarding the trends. They should use their extensive knowledge on short term rental income to find innovative ways and means to meet their consumers’ budget. They can grab the attention of new buyers by providing them insights on limitations for home-sharing in their area. They can keep the relevant resources ready and offer them to their respective clients whenever they need them while renting their homes. This builds a powerful impression and trust on the clients
Following are some ways through which the real estate
Showing the income potential to the clients
As we all know, the home prices in a particular area mostly continue to rise compared to the older times. Something which was affordable in the past isn’t affordable in the present. The buyers are always interested in getting a better deal or idea. These buyers are even contented with getting a less attractive housing area.
Real estate agents can use this tactic to attract their buyers towards the advantages of renting their homes and solve their budget problems. Showing the income potential of this choice can really benefit both parties.
Adding more value as an agent
No matter how experienced a real estate agent is with his buyers, he can always find buyers who are unaware of short-term renting specs. Both the new and seasonal clients have very limited knowledge of short-term renting business. Clients are always interested in knowing about the market trends of the neighborhood. Real estate agents should be capable of providing them with the respective information on home-sharing rules around them. You can impress the clients and show your value by keeping them up to date
Providing more resources to the clients
One of the most tempting things a real estate agent can offer to the buyers is a team of reliable professionals. Buyers are more willing to get a fixer if you can help them reach out to a trustworthy contractor. Having the knowledge of the lenders and insurance policymakers is immensely advantageous for clients as well. Real estate agents should pay attention to building their strong network by keeping home sharing in mind. For this purpose, a referral can be brought into the scene to tell the clients how easy it is to become a host in a short-term rental business. And again, providing them with trustworthy resources is always a plus.