In today's digital world, approximately 56% of people start their home buying search on a smartphone or computer. The emergence of these technologies has greatly impacted the home buying process and has made it easier and more accessible than ever before. By being free to access all the property information, view the property without actually being there, and having a faster purchasing process, technology has changed the way we buy homes.
Access To All Information
Technology has taken the products and services of real estate and added value by making these services available to all. Home listings are no longer found posted on flyers or in newspaper ads, but on apps and websites designed to centralize the home buying process. By simply typing in your desired postal code, these sites can pull up all of the listings within a specified radius. These sites can also show you the value of homes in the area as a place to compare prices and values. Details from when the home was built all the way to square footage are readily available on even the most basic of property sites.
Social media has also begun to play a significant role as its popularity has risen. Agents and homeowners can post potential properties to sites like Facebook, Twitter, and Instagram that can be seen by thousands of people within seconds. Additionally, agencies can create pages that potential buyers follow and view to see homes in certain cities or with certain discounts. Social media's relevancy makes it one of the most efficient information spreading systems technology has to offer.
See For Yourself
Traditionally, a house viewing consists of contacting a realtor or land owner and setting up a time to meet at the property. But with virtual reality technology, you can view a home from your sofa as if you were there. With virtual reality, the potential homeowner wears a set of virtual reality helmet or goggles and is placed in a room with ability to get a comprehensive look at the room. This method allows you to skip the hassles of contacting another party and commuting, while also getting a realistic sense of the interior that pictures cannot convey.
Speedy Purchase
Home buying used to consist of lengthy back and forths between lenders and potential buyers and could drag out purchasing proceedings for months. But with the infusion of technology today, potentials can get mortgages online from their smartphones or laptop. These sites and apps can search through hundreds of broker, lender, and mortgage options within minutes to find the best possible deal for you. Not only does this cut the time the process takes in half, but also makes it significantly more transparent.
It's Never Been Easier
Technology has drastically changed the home buying process and has simplified it significantly. With house hunter websites and applications, you can find all the information on the property you need to make an informed decision. Social media sites also allow you to browse for homes on the nations most popular media. Virtual reality tours give you a 3D look into a home without leaving your chair, while mortgages can behandleds in minutes. With today's home buying experience, many of the struggles of house hunting are in the past.