While many parts of the home buying process have changed amidst the COVID-19 pandemic, one thing that has become more streamlined and accessible is buying a home remotely.
No matter where you’re currently located or what type of property you’re searching for, purchasing a home remotely is technically the same as buying one in person (of course, with a few minor differences).
Thanks to some new innovations in real estate technology, buying a home remotely is more seamless than ever before. In case you’re looking for home buying tips that can get you closer to achieving your real estate goals, here are some things for you to keep in mind to ensure a smooth, stress-free process.
Work with a local agent
When you’re purchasing a home remotely, a local real estate agent will be your best resource. Working with someone who has extensive knowledge of the local market and can guide you through all of the ins and outs of the process will be key.
Establish your goals
Before you start browsing listings online, it’s important to figure out exactly what you want first. This is especially true when you’re buying a home remotely, since you will be working with a real estate agent who’ll be your eyes and ears when you’re searching for options.
Apart from the specifics such as square footage and number of bedrooms and bathrooms, you’ll have to clarify several preferences as well such as amenities, home condition, and location. Informing your agent of any deal breakers you might have will also be very helpful.
The more specific you are when explaining what you’d like to have in a home, the better selection of options your agent will provide when looking for homes that match your requirements and preferences.
Gather information on the local market
While your agent will serve as your main resource when it comes to gathering information on the local real estate market, you’ll need to understand some unique factors about the market in order to be competitive when purchasing a home remotely.
One of the most important things is to figure out whether you’re buying in a buyer’s market or a seller’s market. Buyer’s markets have more homes available for sale, which could give you an advantage during your remote home search. For one, you’ll have more time to carefully analyze each property before deciding to place a bid. You won’t have that same luxury in a seller’s market however, as you’ll be competing with more buyers than there are homes available, which means you’ll need to move faster and be more decisive.
Studying the market allows you to create a better strategy, helping you set the pace and manage your expectations, so you can determine the right course of action as you move along the home buying process.
Take advantage of online resources
Searching for homes online nowadays is very seamless, thanks to a wide range of online listing websites and social media platforms. A good strategy is to look for homes online on your own, and then combine your list of options to the prospective homes found by your agent.
From there, evaluate the selection of listings thoroughly and find one which accommodates all your requirements and preferences. Many listings have features such as interactive virtual tours and 360-degree walkthroughs, which can make searching for homes online quite enjoyable.
Schedule a virtual home tour
Once you’ve found a home you’re interested in, request a showing from your agent. In most cases, the agent will be the one to attend the showing in person and have you on video chat, so you can get a live, detailed view of the home while asking your agent any questions you may have.
During this stage, keep in mind that you’ll need to trust your agent’s opinion, as viewing a property through the screen of your computer, tablet, or mobile phone isn’t quite the same as seeing it in person. But as long as you choose a reliable and trustworthy agent who understands your goals, you can be fully confident that they’ll be able to tell you whether a particular home is ideal for you or not.
Place an offer
After you’ve found a home you’re interested in buying, the next step is to start on the required paperwork. Standard steps involved in placing an offer, adjusting it, and getting it accepted can be completed online, with your agent and the seller’s agent doing all the heavy lifting.
Again, you will need to rely on your agent’s experience and expertise, as they’ll know the entire bidding process and factors like the seller’s motivations, allowing you to place a solid offer on the home you want.
Buying a home remotely can be a seamless and stress-free process, as long as you know what to expect and work with a dependable agent who’ll look out for your best interests.
Looking for the finest homes for sale in Williamsburg, Virginia? Get in touch with us at Coldwell Banker Traditions today by calling 757.229.9595, or send us an email at info(at)cbtraditions(dotted)com