In the near future, the process of buying a home may experience significant changes. Not only will real estate agents likely see modifications to their commission structure, but a new technology is set to revolutionize how negotiations are conducted. A Nashville agency that is at the forefront of this innovative product recently shared insights with News 2.
According to Jeff Checko from The Ashton Real Estate Group of RE/MAX Advantage, the agency is currently using a new technology called Final Offer, which is poised to transform the way homes are bought and sold. The platform allows sellers to list their property and prospective buyers to view three prices for the property: a list price, a final offer price, and a committed price. If a buyer opts for the committed price, other potential buyers can submit competing offers within a designated time frame, adding transparency and competitiveness to the negotiation process.
Checko emphasized that technology is increasingly playing an important role in real estate and has the potential to improve the overall home buying experience for both buyers and sellers. He believes that Final Offer offers sellers valuable insights into the level of interest in their property while ensuring that buyers are aware of their standing in the negotiation process.
Final Offer is currently available in Tennessee, but it is expanding to other states as well. The product was developed by a real estate professional in New England and has gained traction in the industry. As technology continues to shape the real estate market, innovations such as Final Offer are poised to redefine how homes are bought and sold. For more updates on news, weather, sports, and streaming video, visit WKRN News 2.
