2020 was a hectic year, to say the least. The events of the year have already had a significant societal impact in a myriad of ways. With a major shift to virtual and remote work, the entire economy morphed in a matter of what felt like seconds. While this negatively affected many market segments; a few segments have stayed steady, or even seen growth. In this blog, we will discuss how the real estate market has been affected by the events of 2020, and why this is the perfect time to take your real estate company to the next level through a New Door Property Transfer title company.
How the Real Estate Market has Seen Growth
Mobile applications have boomed over the past year for a variety of reasons. The real estate market is another major market that’s actually seen growth through the events of 2020.
With the COVID-19 pandemic came a major outpour from the cities into the suburbs. Many families that could move out from the cities did, which led to a bolstering real estate market throughout the suburbs of nearly the entire nation.
In addition to the mass movement from the cities into the suburbs, the mobile application market actually contributed to the booming real estate economy. With popular mobile real-estate applications, like Zillow and others, real estate agencies have been able to cater to the needs of buyers and sellers with totally remote operations.
This is really important in the times we’re living in due to the high infection rate of COVID-19. Taking this into account along with the fact that a lot of the families moving from the city to the suburbs in this time period are doing so to avoid big crowds and face-to-face interactions with strangers as is.
With the help of sophisticated technology, however, real estate agents are equipped with AR, digital walkthroughs, and other convenient and easy to use technology to smooth the entire transaction.
Now, moving into 2021, it might be time to look at how you can boost your realty company to elevate it even further.
Take Your Realty Company To The Next Level With New Door
There are a plethora of benefits that a New Door partnership brings to your realty agency. For starters, there is the obvious financial benefit of adding additional earnings onto each and every transaction already conducted within your agency. By owning an in-house title-company, your business will be able to maximize earnings on each and every transaction; a monumental advantage in the current economy.
Become a Fully-Fledged Self-Serviced Firm
Furthermore, with an in-house title company, your agency becomes a fully-fledged self-serviced firm. This will help your firm in recruiting and retaining top talent within the real estate market by allowing your employees to maximize earnings. Beyond earnings and talent-retention, there’s also a customer-service component. With New Door as your title-company-partner, we’re dedicated to ensuring that your consumers, your employees, and you – all have an exemplary customer experience.
In the 2021 economy especially, longevity and sustainability are emphasized priorities that need to be fulfilled comprehensively and throughout the entirety of your organization. Partnering with New Door will immediately allow your realty company to begin collecting on the title transfer transactions that are already occurring during the course of your real estate transactions.
For more information on New Door title insurance, and all of the services New Door has to offer, contact us today.