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Sell your new construction homes online at OffPlan | RENX – Real Estate News EXchange

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Buying and selling real estate online is the future. We’re at a point where ‘digital workarounds’ just won’t cut it, now is the time to embrace the next step for real estate developers. OffPlan is the only real estate marketplace and purchasing portal dedicated to new and pre-construction homes.

The real estate industry as a whole is changing and many developers are turning to new technologies to not only continue generating revenue during COVID-19, but to transform their businesses in the long term.

OffPlan launched as a platform for developers and marketing companies to share their homes with realtors and buyers and seamlessly take online payments via credit card. They can invite existing realtors from their own networks to choose from new home inventory directly on OffPlan. Realtors and buyers can see all property-related information, including renderings and floor plans, in an easy to navigate platform.

Several top developers joined at launch and began sharing properties within their network. Many more have begun making their homes available on OffPlan in the subsequent weeks. But being able to sell homes online is only half the solution.

Turn your leads into buyers

The logical evolution is giving real estate developers a way to sell on their own terms. OffPlan can do just that.

“OffPlan is growing and thriving but we at Avesdo Technologies always look for ways to adapt and, most importantly, empower home builders and developers to grow their businesses.” Avesdo CEO Tyler Proud said. “That’s why we’re proud to announce the ability to seamlessly integrate your real estate development marketing with OffPlan.”

OffPlan lets developers create a simple buying experience, removing roadblocks to purchase. It is essentially the creation of an online store for pre-construction homes. Digitizing brick and mortar sales centres gives buyers the opportunity to make their decision and take action whenever and wherever they are. The simplest integration is the inclusion of a ‘Buy on OffPlan’ link on your site, taking buyers to OffPlan where they can easily make a reservation payment..

OffPlan also lets developers build an online store to showcase their new and pre-construction homes, streamlining the buyer journey even more. Plugging in their promotional content directly to their OffPlan page along with the option to make a payment is the optimal way to sell new homes online. OffPlan is the online purchasing option that consumers have come to expect during quarantine, and will continue to utilize for years to come.

Connecting your project marketing website to OffPlan is the most powerful tool in the market for converting your leads immediately, rather than adding another email to your database. Developers spend tens of thousands of dollars promoting their new homes, driving traffic to their marketing sites and generating leads. Now developers can capitalize on all that hard work, and further justify their marketing spend.

Tapping into a marketplace

When a developer lists their homes on OffPlan and begin selling, they are also made available to browse via OffPlan’s Marketplace. Prospective buyers and realtors can review all relevant marketing material in one digital brochure. This ensures that the maximum amount of eyes are on your projects, leading to more offers and more buyers on your homes.

How OffPlan changes real estate

The ability to convert leads into paying customers by offering the ability to purchase directly on your website is a no-brainer in the age of e-commerce, and is now possible in new construction real estate. New home shoppers should have the opportunity to reserve whenever they see new homes from a developer, before and after social distancing regulations have lifted.

Realtors will also see new business opportunities by searching for homes and brokering deals utilizing OffPlan’s Digital Marketplace. Top developers across the country are listing their new construction homes on the platform, meaning that OffPlan is quickly becoming the premiere pre-construction focused home listing platform in Canada.

What is currently a perfect solution for developers to continue operations during a pandemic, will ultimately revolutionize and redefine the real estate industry. OffPlan will bolster the real estate market by creating the go-to network for the sale and purchase of new construction homes.

Connect with a member of the Avesdo team today and get started with OffPlan.

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Greater Toronto home sales jump in October after Bank of Canada rate cuts: board

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TORONTO – The Toronto Regional Real Estate Board says home sales in October surged as buyers continued moving off the sidelines amid lower interest rates.

The board said 6,658 homes changed hands last month in the Greater Toronto Area, up 44.4 per cent compared with 4,611 in the same month last year. Sales were up 14 per cent from September on a seasonally adjusted basis.

The average selling price was up 1.1 per cent compared with a year earlier at $1,135,215. The composite benchmark price, meant to represent the typical home, was down 3.3 per cent year-over-year.

“While we are still early in the Bank of Canada’s rate cutting cycle, it definitely does appear that an increasing number of buyers moved off the sidelines and back into the marketplace in October,” said TRREB president Jennifer Pearce in a news release.

“The positive affordability picture brought about by lower borrowing costs and relatively flat home prices prompted this improvement in market activity.”

The Bank of Canada has slashed its key interest rate four times since June, including a half-percentage point cut on Oct. 23. The rate now stands at 3.75 per cent, down from the high of five per cent that deterred many would-be buyers from the housing market.

New listings last month totalled 15,328, up 4.3 per cent from a year earlier.

In the City of Toronto, there were 2,509 sales last month, a 37.6 per cent jump from October 2023. Throughout the rest of the GTA, home sales rose 48.9 per cent to 4,149.

The sales uptick is encouraging, said Cameron Forbes, general manager and broker for Re/Max Realtron Realty Inc., who added the figures for October were stronger than he anticipated.

“I thought they’d be up for sure, but not necessarily that much,” said Forbes.

“Obviously, the 50 basis points was certainly a great move in the right direction. I just thought it would take more to get things going.”

He said it shows confidence in the market is returning faster than expected, especially among existing homeowners looking for a new property.

“The average consumer who’s employed and may have been able to get some increases in their wages over the last little bit to make up some ground with inflation, I think they’re confident, so they’re looking in the market.

“The conditions are nice because you’ve got a little more time, you’ve got more choice, you’ve got fewer other buyers to compete against.”

All property types saw more sales in October compared with a year ago throughout the GTA.

Townhouses led the surge with 56.8 per cent more sales, followed by detached homes at 46.6 per cent and semi-detached homes at 44 per cent. There were 33.4 per cent more condos that changed hands year-over-year.

“Market conditions did tighten in October, but there is still a lot of inventory and therefore choice for homebuyers,” said TRREB chief market analyst Jason Mercer.

“This choice will keep home price growth moderate over the next few months. However, as inventory is absorbed and home construction continues to lag population growth, selling price growth will accelerate, likely as we move through the spring of 2025.”

This report by The Canadian Press was first published Nov. 6, 2024.

The Canadian Press. All rights reserved.

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Homelessness: Tiny home village to open next week in Halifax suburb

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HALIFAX – A village of tiny homes is set to open next month in a Halifax suburb, the latest project by the provincial government to address homelessness.

Located in Lower Sackville, N.S., the tiny home community will house up to 34 people when the first 26 units open Nov. 4.

Another 35 people are scheduled to move in when construction on another 29 units should be complete in December, under a partnership between the province, the Halifax Regional Municipality, United Way Halifax, The Shaw Group and Dexter Construction.

The province invested $9.4 million to build the village and will contribute $935,000 annually for operating costs.

Residents have been chosen from a list of people experiencing homelessness maintained by the Affordable Housing Association of Nova Scotia.

They will pay rent that is tied to their income for a unit that is fully furnished with a private bathroom, shower and a kitchen equipped with a cooktop, small fridge and microwave.

The Atlantic Community Shelters Society will also provide support to residents, ranging from counselling and mental health supports to employment and educational services.

This report by The Canadian Press was first published Oct. 24, 2024.

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Here are some facts about British Columbia’s housing market

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Housing affordability is a key issue in the provincial election campaign in British Columbia, particularly in major centres.

Here are some statistics about housing in B.C. from the Canada Mortgage and Housing Corporation’s 2024 Rental Market Report, issued in January, and the B.C. Real Estate Association’s August 2024 report.

Average residential home price in B.C.: $938,500

Average price in greater Vancouver (2024 year to date): $1,304,438

Average price in greater Victoria (2024 year to date): $979,103

Average price in the Okanagan (2024 year to date): $748,015

Average two-bedroom purpose-built rental in Vancouver: $2,181

Average two-bedroom purpose-built rental in Victoria: $1,839

Average two-bedroom purpose-built rental in Canada: $1,359

Rental vacancy rate in Vancouver: 0.9 per cent

How much more do new renters in Vancouver pay compared with renters who have occupied their home for at least a year: 27 per cent

This report by The Canadian Press was first published Oct. 17, 2024.

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