Published in May 28, 2019 by Gary Silber
If you ask any realtor, or even a random individual, he or she will agree that location is key for selling properties. Now, at Panda IDX, we believe that this statement is true – believe it or not. When a young realtor is beginning his or her professional journey, one might think that he or she knows the area that the realtor is covering. However, we believe that realtors need to realize that some of their potential clients that know their area better than the realtor. Any realtor doesn’t want to feel ignorant when it comes to their local geography. That is why we advise realtors to recall the characteristics of their location – as detailed as possible.
Geospatial Real Estate
When new listings come into the market, a realtor might be eager to show potential clients about its wonderful characteristics. There might be hidden information about geospatial properties that a client would like to know before pursing that properties. Some geospatial characteristics could be if the property is elevated, sloped land near or on the properties, vegetation, bodies of water, local animal and marine life, and many more. An effective and loyal realtor should consider geospatial detail more in depth when he or she is showing a listing to a potential client. A client would think higher to the realtor when the realtor is being through about the geography of the listing as well as the other important features.
There could be some risks that a client should consider when he or she is visiting a listing with a realtor. Some properties are high risk, which means the property is on the edge of a slop or cliff. This means that if there is an environmental disaster the property has a higher probability of being destroyed compared to other properties in that area.
Realtors shouldn’t hide geographical risks to clients for the sake for making a deal – that is wrong. Realtors should be straight forward to a client who is sincerely interested in a certain property. Potential property buyers should also consider the long-term effects of the geographical area of a property that he or she is considering. Even though the land might seem secure for years to come, client should consider the risks of the property surviving a weather storm or environmental disaster.
Implementing geospatial information about Listings
When a realtor joins the Panda family and creates he or her own custom IDX website, he or she can insert any geographical information about the property. Even though own website offers a plethora of information of a listing, such as high-quality images, specifications, and maps of local schools, we believe that a realtor adding information about the properties landscape will make a client feel safer in pursing business with the realtor.
When a viewer is looking through a realtor’s Panda IDX website, he or she will have a clear understanding about the person’s background and professionalism. Therefore, it is important for the realtor to keep all of their listings up-to-date to reduce the chance of information error. When a realtor is keeping up with his information about local geography, the realtor is also maintaining a professional mark in the real estate community.