Real estate investment is lucrative and ever-popular, and despite current high-interest rates, 29% of Americans…
Internet listings of homes for sale have steadily risen for many years, but since Coronavirus put a halt to most personal interactions last year, we really pushed the internet to handle virtual open houses, 3-D modeling and virtual interior decorating, meetings with realtors and homeowners, and Zoom meetings to host mortgage closings, as well as many more interactions required when purchasing a home.
There’s no doubt the internet changed the way we buy houses. Over the last many years, we’ve gone from real estate agents playing sentinel to property information to agents encouraging potential buyers to utilize online sites for initial views of property. You no longer have to go through an agent to view a home or check out its history.
Video Calls Change Real Estate Deals
Video calls streamline home views. What used to involve hopping in the car, driving to the property, and the real estate agent leading a tour of the home is now a thing of the past. Agents, buyers, and sellers can all meet on FaceTime, Facebook Live, and Tik Tok to complete virtual tours. Perks for video versus live showings? Sure, everyone stays safe from Covid exposure, but it also allows agent and buyer to view more homes in one session, allows the agent to share graphs and other property analytics, and it can ease the mind of homeowners who aren’t keen to let strangers walk through their home on live tours.
Virtual Tours Streamline Viewing Process
Buyers, sellers, and real estate agents can share listings, open house information, and other important information virtually on an internet website or a social media platform. Agents can reach a larger pool of interested buyers parties without spending money on advertising, allowing them to re-direct their advertising budget to other concerns. Sellers can reach more interested buyers without staking signs in their yards, and buyers have a world of property to view right at their fingertips.
The internet allows all parties to save time and money during the selling process and saves valuable time and money during the home-buying process.
Gone are the days of stopping in at the bank to start a mortgage application. Now you can compare multiple lenders, check out interest rates and terms, and get pre-approved in a matter of minutes. Lenders know that more people are searching for them online and they’ve streamlined their processes to make your search easier than ever.
Find Great Realtors
Smart realtors know that the majority of customers use the internet to buy a house. They now spend the bulk of their advertising dollars on faster ways to introduce themselves to buyers and sellers, allowing them more time to work with interested and motivated buyers.
The Bottom Line
The internet is responsible for making our lives so much easier in so many ways. Gone are the days of looking through the phone book or stopping to write down a phone number on a realtor’s sign. Now we can experience a virtual tour of available homes and then contact the realtor directly to set up a live visit.
Technology is getting faster every day and with it, the ability to immediately share information becomes a real game-changer for all parties. From touring homes, to financing, to closing, what used to take a month or more is now completed in a handful of days.
If you’re thinking about selling or buying a house, pull out your phone, surf your laptop, or search your desktop to the home of your choice today!