LATEST NEWS

Understanding The Human Element Of Business

The real estate industry is built on the strength of relationships, the stronger the connection between professionals and their clients the better the service and results.

By Richard Du November 8, 2017
Photo by Khara Woods on Unsplash

At Agorafy we have built our platform at the intersection of real estate and technology, the two industries we know best. Our years of collective experience as real estate professionals gives us a unique perspective into providing value to our clients and the role that empathy plays in the process.

Empathy is the ability for a professional to truly put themselves in their client’s position, so they can better understand their motivations and their fears. To recognize that they are human and all that comes with it. Your clients are always human.

Related: Greenland USA Develops Residential And Commercial Properties That Exemplify Modern Living

It’s this understanding of the human element of business and servicing clients that we bring to Agorafy. The idea that technology can be used to promote face to face interaction and help build symbiotic relationships, not replace them.
The real estate industry is built on the strength of relationships, the stronger the connection between professionals and their clients the better the service and results. Many technology companies seek to disrupt or replace these relationships, not build and strengthen them.

Agorafy believes that real estate professionals have to connect with their clients more often, build and maintain closer relationships, and obtain a clearer understanding of their client’s situation. By building our platform’s foundation on transparency we give real estate professionals the opportunity to better educate their clients, and spend more time with them building trust, rather than going out retrieving market data.

Many tech companies have forgotten that they sell to actual people and that their needs and motivations are all unique. They attempt to provide value to users by solving the majority of users’ problems one specific way in the hope that everyone will assimilate to their model, we don’t think this is the right approach.

Related: Emotional Intelligence In Real Estate Negotiation

Agorafy realizes that real estate professionals are better suited to service their individual client’s needs than any one piece of technology or website. With this in mind we continue to build our platform to provide value for the market as a whole, with a specific focus on real estate brokers, agents, and management companies so they can increase their value and provide a tailored service to their clients.

We provide real estate professionals with access to all market data, even some that may be outside of their area of concentration. We believe that this helps educate all market participants and cultivates flexibility from professionals. The greater the access to information; the more educated the client, and the more knowledgeable and responsive a professional can be when working toward that client’s goals.

Although we pride ourselves on detailed and accurate market data we understand that it is only one step in the transactional process. Too much reliance on data and analytics by professionals when working with their clients can make the relationship thin and too impersonal.

Agorafy’s data collection methodology in many ways mirrors the process professionals must develop, the blending of man and machine. Agorafy utilizes proprietary methods for automated data collection and then involves the human element with our data team performing further research if necessary, verification and review before publishing on our site.

Real estate professionals must take the same approach in sourcing their market data and then applying the information in servicing their clients’ specific needs. Our team does much of the leg work for them freeing them up to provide personalized service, spend more time showing space and building a connection.

By promoting direct contact and face to face interaction we look to help professionals obtain a level of insight into their client’s needs which is unattainable through email or over the phone. To shake your client or potential tenants hand, show them available space, and build a genuine connection, there is nothing more valuable in this industry.

Richard Du

ABOUT THE AUTHOR Richard Du

ABOUT THE AUTHOR Richard Du

Richard Du, founder and CEO of Agorafy, was born in Vietnam and raised in the United States. As a child, he worked to support his family until he had the chance to immigrate to the America. Here, he began his career as an agent at Helmsley Spear, which he eventually parlayed into a lucrative real estate business. More than a decade later, Mr. Du is at the helm of Agorafy.
How To Choose The Right Real Estate Agent
When it comes to real estate, people seem to feel detached from understanding the intricacies of an industry that has been around since the year…
Five Reasons Why All Entrepreneurs Must Keep Their Eyes On China
It is hard to overestimate the importance of Chinese influence on the modern global economy. Carving out a place in Chinese market and winning over…
Property Listings: Big data vs. The Right data
These days there is no shortage of articles discussing “big data” or “data analytics” as the exponential growth of available information on demographics and consumer…
Property listings: Big data vs. the right data
These days there is no shortage of articles discussing “big data” or “data analytics” as the exponential growth of available information on demographics and consumer…
Just One Click Away: Digital And Mobile Technologies
Web and mobile capabilities are linking real estate professionals, their clients, and properties like never before. The property search process has been re-imagined and real…
New technology will change the real estate industry forever
Wearable devices are trending in technological advancements and are changing the way people share and retrieve information. Recent releases like Samsung’s Galaxy Gear and Google’s…
Greenland USA Develops Residential And Commercial Properties That Exemplify Modern Living
New York City is experiencing an alarming affordability crisis. For low, moderate, and middle income New Yorkers housing has become a serious challenge, all around…
New Retail Strip Is Coming To Astoria Area With A Troubled Past
It seems like a bad coincidence, but the Dutch Kill neighborhood, located in otherwise prosperous Astoria, did manage to live up to its, ahem, colorful…