It’s no secret that the traditionally murky real estate industry has been hesitant to change due to the status quo. Real estate agents, online marketplaces, and financial intermediaries have vested interests in keeping homebuyers and sellers in the dark.
This is why the disruptive real estate marketplace Nobul was born. To change industry conventions by putting the most critical players in the industry — buyers and sellers — in the driver’s seat for the first time in modern history.
Learn how this platform is empowering homebuyers and sellers alike to make educated decisions and seamless transactions when it comes to real estate.
Lifting The Veil on Commissions
Decades ago, a realtor’s 5% commission made more sense due to the market climate and archaic workflow. However, a realtor’s job has changed significantly, yet the fee structure remains the same.
For one, agents are utilizing modern tools to complete more transactions per month with less heavy lifting. For the other, home prices have risen dramatically, resulting in significantly higher revenues for agents per percentage. For example, median home prices rose from $2,938 in 1940 to $119,600 in 2000, yet commissions haven’t changed.
Interestingly, many homebuyers and home sellers accept agent commissions at face value, not realizing that there’s room for negotiation.
This is just one of the areas where Nobul is upending the real estate industry.
Buyers and sellers can examine an agent’s sales history, rates, services, and verified reviews to make educated decisions. Moreover, agents must rationalize their fee structures by their performances.
In an interview with BNN Bloomberg, the founder and CEO of Nobul Regan McGee explained how Nobul is a truly competitive platform.
He shared, “Our marketplace is a competitive marketplace. Agents that want to charge 5% can justify the 5% through their reviews and service proposition. That’s great. [But] If they’re doing something that’s more like a 3% job, that’s going to come out as well. So, it’s really about consumer choice.”
Nobul’s take on realtor fee structures is already affecting change. On average, users are saving 0.5% on standard agent commissions.
Encouraging Stress-Free Decision-Making
A significant percentage of homebuyers and sellers select the first realtor they engage with, typically because they feel obligated to do so after asking questions and exchanging information. Partnering with the wrong agent can result in poor outcomes and regrets.
Nobul helps homebuyers and sellers make educated decisions by having real estate agents compete for their businesses. Users of the platform can ask questions without sharing sensitive information or feeling obligated to sign up.
After messaging multiple agents, reviewing offers, and examining realtor track records, they can choose the ideal partner in their real estate journey without any pressure.
Advanced Home Listing Services
For reasons we can’t quite explain, most real estate marketplaces continue to feature listings that lack details and feature inadequate photography.
Nobul helps homebuyers and sellers make more informed decisions by offering:
- Detailed listings
- Professional Photography
- Virtual showings
- And more
Offering Personalized Support
Buying or selling a home is usually one of the most significant moments in a person’s life. While accurate and relevant information can make this process easier, finding a reliable source of information can be challenging.
Thankfully, Nobul offers a team of experts that can offer educated advice to sellers and buyers. Whether users need to ask questions or need help picking an agent, they can find personalized support on this innovative real estate marketplace.
As the old saying goes, information is power. The right data can help buyers and sellers in the real estate market with critical decisions. Until recently, accessing essential information was challenging. But Nobul has flipped the market on its head by putting the people who make real estate tick in control.