In this modern era, technology has changed many things around us. It has changed the way we buy things, socialize with others, travel and even buys properties. According to a recent study, more than 50% of home buyers look for properties online. And, only 10% rely on traditional methods like real estate agents and newspaper listings. Indeed, technology comes with many interesting benefits. It is a reliable and an up-to-date source for information. According to experienced real estate agents, technology has changed the game in-and-around.
Whether you are looking for a property in downtown Montana or the upper east side of Manhattan, you need technology.
With this being said, here are few ways technology can change the way you buy properties.
Impact #1 – Everything Becomes Easier
First of all, technology makes things easier. You don’t need to exert lots of effort. You don’t need to make thousands of calls to real estate agents. Your ideal home can be found online and with just a few clicks of a button. There are so many websites with hundreds of thousands of properties. You can find and filter properties based on its size, price, amenities, location and much more. Technology makes it easier to narrow down the hunt. That means you don’t need to go through a galore of properties.
Impact #2 – Transactions Become Seamless
Do you know that the internet is safer than many traditional methods? With the help of technology, you can make payments on the go. And, if something goes wrong, you can claim 100% refund. This feature is not present in traditional methods. A few decades ago, buyers had to run behind agents and sellers for refunds. They had to spend lots of time and effort requesting for refunds.
Impact #3 – Smarter Ways to Study Properties
New websites come with many fascinating features. For example, you can experience and enjoy the 3D view of properties. The 3D view offers a dramatic and realistic insight of the property. This means you will be able to experience the physical look and feel of the property from anywhere and at any time. Indirectly, technology cuts down travel charges.
By definition, the 3D view takes buyers into the property. It gives investors an immersive look of the property.
Another interesting facility offered by technology would be the “Virtual Reality Headsets”. These gadgets offer a 360-degree view of the entire property.
Undeniably, technology has brought us closer to properties. If you want to buy a property that is several miles away from you, technology is what you need. It is not practical to travel to a location and inspect every other property in the region. With programs like Skype and FaceTime, you can search for properties from the comforts of your home.
Another interesting way of buying properties is with drones. This is a smart device that flies over properties and helps investors learn more about the neighborhood. It is much more effective than Google Earth. With the help of drones, you can figure out where- and what- kind of buildings are present around the home.
Impact #4 – Analyzing Mortgages
Last but certainly not least, you should understand mortgages before buying a property. More than 60% of property buyers need loans to buy a home. And, it is very difficult to approach hundreds of lenders for loans. This is when online websites come into the picture. There are many websites for comparing and contrasting loans. In fact, you can make applications online. Pre-approval is a process that makes loan approval quicker and much more comprehensive. It will help you understand how much you can afford.