Virtual House Buying

In the digital age, we favor to do everything online, or at least whenever can we. Way before the age of Covid, we all want to be able to study and work from home, shop online and get everything delivered, and meet and greet online before meeting out in person. The virtual world has given us the flexibility that we need in today fast-pace environment. Covid-19 has reinforced that tenet and has really changed the way we conduct our daily activities that also include online home buying. The idea sounds daunting, yet, very possible…

Online Home Buying- Getting Into It.

• The Good: it is convenient while high-definition (HD) videos, live virtual tours, and images are appealing to the eyes. The entire experience is as real as in-person shopping and the excitement is equally real.

• The Bad: buyer cannot spot all the details in the house that include damages. In this case, make sure to ask the real estate agents lots of questions about the house location and damages.

How to buy online?

• Get a real estate agent. First thing first, find an experienced real estate agent who is wholeheartedly willing to help the buyer to get the house that best meets the buyer’s expectations. The agent should be tech-savvy to provide the best guidance and service as well as carry out the best virtual home-showing. Lastly, the agent should go out of his/her way to respond to all inquiries and requests to make the buying process as easy and seamless as possible for the buyer.

• Get a mortgage lender. The real estate agent is known to have great connection to and a wide network with lenders, contractors, lawyers, surveyors, etc. Buyers should use their agent as a resource to get connected with the service that they need to help them make the home purchase and many other services after.

• - Home-showing. Agent would conduct the live tour virtually and the buyer should be able to trust their agent more than ever since online showing is not equally weighted as in-person sale.

• - Accepting the offer. Once the seller accepts buyer’s offer, the buyer will wire the money to the title company or the escrow account. Inspection, appraisal, and title search will also be conducted.

Topics: real estate, online home-buying

Work cited: Realty Times; https://realtytimes.com/consumeradvice/buyersadvice/item/1039181-can-you-buy-a-house-entirely-online?rtmpage=null