Technology is helping to make virtually every aspect of life easier, and buying a home isn’t any different. Gone are the days of finding a real estate agent, going from house to house, and more. With the help of technology, you can pretty much buy a home while you sit on your sofa or lay in bed. Here are some of the many ways that technology has made the home-buying experience easier.
With the help of 3D cameras, you can view practically every part of a home without having to actually be there. Many real estate companies are using 3D technology to provide virtual tours to potential buyers that go beyond simply viewing pictures.
With 3D technology, you can pan your view, so you can see up, down, et cetera almost as if you were walking around the home in person. This type of technology makes buying real estate so much faster as you don’t have to travel or make appointments with agents.
However, if you are working with an agent, having the ability to view properties in this fashion can help make your agent’s job so much easier. He or she will be able to look at way more properties in a shorter amount of time, which means they are more likely to find the perfect home for you.
Shopping for Real Estate Online
One of the great benefits of shopping for anything online is that you have lots of options literally at your fingertips. You can click and scroll as much as you like without spending much time on one house.
The convenience of searching online is really helpful in areas where traffic is dense. Scottsdale condos for sale are a hot commodity, but if a prospective buyer lives in Downtown Phoenix, a daily commute is not very convenient. With online searching, a buyer can narrow in on a few homes and then schedule their commute accordingly.
Simply choose the site of your choice, input your specific criteria such as the number of bedrooms, bathrooms, et cetera, and a list of choices will populate for you. Even if you decide to do a viewing, by preselecting your home, you can get a jumpstart on the home-buying process.
A realtor can only do but so much for you as there are only so many hours in a day. However, with the power to view homes at your convenience, you are not limited by time, distance, or anything. You can search by specific criteria or you can do a reverse search and choose sites based on the images that you see.
The main thing is that you are able to search for a property on your own time and terms, without the need to make appointments or feel pressured into making a decision right there and then. Even if you do use a real estate agent, by the time you view the home in person, you would have already been familiar with the layout and can make a more informed decision.
Online Mortgage Approvals
In the past, closing on a home took some time as you needed to send an offer, have it approved, then wait to hear back from your mortgage company. However, with the online mortgaging process, you can get pre-approved before you even start your house hunt.
And what’s even better is now with the process being available online, you can choose from many different lenders and get a better rate. Not only are the rates typically better when dealing with lenders online, but the requirement for funding is usually less strict as well. Many online lenders are offering loans to people with not-so-great credit as well as competitive percentage rates.
One of the most important aspects of buying a home is the actual signing process in which all parties must have the paperwork returned promptly. Previously, you would have had to meet with your closing agent, attorney, et cetera in person in order to have your documents signed and completed by closing. However, with electronic signing, no one has to actually meet in-person or waste paper printing and scanning documents. Now, you and all involved parties can sign the paperwork and have it sent back all in a matter of minutes.
With the ability to shop for properties online, you can delegate much of the work to someone else such as an assistant. Searching for a home online means you don’t have to waste time sifting through homes that aren’t quite to your liking. You can narrow your search options down to the particular neighborhood, if it has a basement, and so much more.
And with the 3D technology, you don’t have to rely on someone else to take pictures for you as these programs allow you to see every angle possible. Simply have your assistance or agent send you the links for the homes that meet your criteria, and you can view them at your leisure.
Whether you are a pro at buying real estate or a newbie looking to purchase a starter home, you want to make the process go as smoothly as possible. And if you are an investor who purchases lots of properties often, being able to shop for properties online is something like a godsend.
As a real estate investor, you know all too well how good deals don’t last long, so you have to strike while the iron is hot. Well, thanks to technology, you can shop for a property, close on it quickly, and be on to your next big deal all in the same day!