There is no doubting that technology has changed the way we exist, interact, and live our everyday lives. Technology has changed the process of buying and selling a home in more ways than one. Look no further to learn about all the different aspects that technology has made real estate transactions more seamless and efficient.
Find the agent for you
Finding the right real estate professional for you is often the first step when buying or selling a home. Technology has made this easier than ever with websites offering transactional data to help select the one for you. There are potentially hundreds of agents in your area, all of whom are eager for to work with you. Consider data like:
- How many sales have they made in their career?
- On average, how many days does it take an agent to get the home under contract?
- How much more, or less than the list price does an agent close the deal for?
All these questions can be answered by utilizing online tools, like HomeLight’s “Find an Agent Tool”.
Going paperless with e-signatures
Old methods of using liquid signatures in person are a thing of the past, which makes the entire real estate transaction more effortless and efficient. E-sign all documents necessary with the click of a button for not only a more convenient way to complete the transaction, but also a safer way during current times.
Understand inventory
Popular websites and apps now allow buyers to easily understand the current real estate market and inventory in their area. What used to be a delayed method of an agent finding properties and sharing them with the buyer, is now eliminated and replaced with a single click to see real-time inventory. This not only allows buyers and sellers to learn about properties in depth without wasting precious time of unnecessary showings, but it also allows for a better understanding of market value on properties.
The onset of iBuyers
iBuyers, or instant buyers, are technology companies that handle real estate transactions virtually, and often sight unseen. These kinds of buyers bring the power of speed, cash, and certainty to a seller. iBuyers allow the transaction to occur without showings and get to the closing table in record time. This is especially appealing for sellers who need to move quickly due to a job relocation, divorce, or those in urgent need of cashing in on their home equity.
3-D virtual tours
Saving both time and money, the technology of 3-D virtual tours has made deciding if a property is worth viewing easier and more efficient than ever. These virtual walk-throughs can give buyers a better feel for a property, help sell property faster, and save time by avoiding unnecessary showings.
It’s safe to say that technology has impacted buying and selling a home in more ways than one. Utilizing these new technologies will ensure you make the best financial decision that fits your modern lifestyle.
