Promo’s Role in Real Estate Post-COVID

Despite a volatile year, 2020 brought a significant uptick in the real estate market, continuing to be seen and enjoyed both by realtors and funders at financial institutions. According to the National Association of Realtors (NAR), it was the highest increase since before the Great Recession of 2007-2009.

With the increase in home prices, nearly half of all offers resulting in contracts, and record-low mortgage rates, the market attracted first-time home buyers as well as those ready to buy again and take advantage of the opportunities.

Like every industry, the pandemic forced a new mindset and mode of operation. For realtors, that meant a new way of showing and selling homes that is sure to be the “new norm.” That also upped the use of promotional products to improve branding and referral rates as well as deepen relationships with existing and new customers.

NAR also recently reported what buyers most want or need from their real estate agent:

  • 12% – Help negotiating the terms of sale 
  • 11% – Help with price negotiations
  • 8% – Help with paperwork
  • 6% – Help determining how comparable homes are priced
  • 4% – Help determining budget
  • 3% – Help finding and arranging financing
  • 1% – Help learning more about the local area

The real estate customer journey is full of opportunities for realtors to address concerns, guide decisions, and create happy homeowners. Promotional products like those provided in our showcase may be of particular interest to help boost sales. Click here to take a look.

Dealing with COVID-response needs may now seem somewhat normal – but it still poses questions and considerations for agents and financial institutions alike. Do you need help navigating those challenges? We’re here to brainstorm, advise, produce and deliver whatever you may need.

In addition, look around our website at www.ASBFinancialSolutions.com to get an idea of all the ways we can help you and your team. If you’re ready to find cost savings and have expert collaboration on perfectly suited products and services, let’s start the conversation. Our solutions are fully customizable, and our team is excited to help you. Attack your expenses. Simplify your processes. Build your brand.

financialsolutions@americanbus.com

To learn more about American Solutions for Business, visit http://www.americanbus.com.

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