Do Realtors need retail space anymore?

1/13/2011:

Is an online presence enough for the Real Estate industry?

In the last “Friday 411 update” post – I mentioned how Brownstone Realty left their retail storefront, and relocated to a rental office building way in the back of town. It made me wonder why we have so many retail offices for Hoboken Real Estate!

  • Does the internet make these retail spaces necessary? Sites like Zillow and Trulia (and countless others) allow prospective buyers and renters scope out and compare properties from the comfort of their own home, on their own time.
  • Maybe the community could get a little diversity if these offices were occupied by different establishments?
  • Back before the internet, as well as when the market was “booming” and people were buying and renting like hot-cakes – it might have helped certain Realtors to have “street presence,” but is that the same now?
  • In defense, since most Realtors need office space anyway, the extra cost for street-level retail might be off-set by the “walk-ins” that buy or rent. Not sure, maybe someone can verify that.

Does having a retail space help Realtors anymore?

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7 Comments on "Do Realtors need retail space anymore?"

pawzclawz
Member
pawzclawz

Anybody know where Elysian Realty moved to? They were on 3rd&Bloomfield. They abruptly closed. It is now the new location for Lepore’s Chocolates. I was just curious.

ab7780
Member
ab7780

While they still need office space they certainly don’t need the high rents and they can barely afford on Washington Street. Especially locations farther north. Plus, you’re paying NYC prices for rental space near the river/PATH.

Brownstone moved here, along with several other realtors:

http://www.hobokenoffice.com/

Smart move!

Adam_C
Member
Adam_C

The pictures of all the condos for sale beautifies Washington St.

riverst
Member
riverst

Sure…you can do extensive research online…but at some point, most will physically need to walk into a realtors office. Purchasing a home is often the largest purchase a person will make in their lives and I imagine most wouldn’t feel comfortable with the entire process taking place online.

Bonnie
Member
Bonnie

Actually, I never saw my realtor’s office – and it didn’t occur to me until just now! I faxed my offer, negotiated all terms via email, and signed my contract at Starbucks (it was more convenient). The only other time I saw my realtor was during the home inspection, and when I got my keys post-closing. [quote comment=”202060″]Sure…you can do extensive research online…but at some point, most will physically need to walk into a realtors office. Purchasing a home is often the largest purchase a person will make in their lives and I imagine most wouldn’t feel comfortable with the entire process taking place online.[/quote]

riverst
Member
riverst

That works too. My point was at some point you need to meet them face to face. [quote comment=”202067″]Actually, I never saw my realtor’s office – and it didn’t occur to me until just now! I faxed my offer, negotiated all terms via email, and signed my contract at Starbucks (it was more convenient). The only other time I saw my realtor was during the home inspection, and when I got my keys post-closing.

[/quote]

Bonnie
Member
Bonnie

Well, then we’re on the same page. As for where realtors set up shop, though, I don’t think they need an expensive Washington Street office. It makes a lot of sense to get acquainted while just looking at properties together- their office might as well be their kitchen table.[quote comment=”202069″]That works too. My point was at some point you need to meet them face to face. [/quote]

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