The trend of “going green” continues to rise in America, reflected by the way we eat, shop, travel, and the changing real estate, too. Today, 13% of buyers are starting their property search with a smartphone, while 45% are using the web. In fact, less than 10% of homebuyers still refer to the listing of a newspaper, according to a survey by Chase.
With 56% of homebuyers opting for sustainability, new tech innovations such as virtual reality shopping, artificial intelligence, and mobile payments are waiting to emerge in the way we buy homes. So, what are some of the best ways to house hunt without leaving carbon footprint? Check out how technology can improve the way we buy homes.
Greener ways to house hunt
Less than a decade ago, homebuyers relied on the use of flyers, phone calls, and manual searches with real estate agents. Today, there is a wide range of 3D Virtual reality house tours and online listings to provide instant information – before the home even hits the market. Thus, buyers are becoming more hands-on when it comes to researching their potential home in terms of location, local communities, taxes, transportation, and schools.
Embracing cryptocurrency for home buying
In 2017, Sotheby’s International Realty sold their first single-family home in Austin, Texas with the use of Bitcoin. However, while there are a handful of homes listed for sale in cryptocurrency, the real estate industry is only now starting to embrace the use of blockchain. As cryptocurrency can be used for financial transactions online, more investors are using it to sign contracts, track proper cash flow, and store information. In fact, homebuyers and agents are taking advantages of Bitcoin through services such as financing mortgage loans, e-signing, property ownership, and liens.
New ways to work with your realtor
Since 2015, the use of social media for home buying and selling has continued to rise as experts claim that most shoppers rely on the internet for visual aid. These days, homebuyers can look up any agent and sift through a page of feedback – helping them gain their trust and know what to look for in reviews. With technology, you can search for your home within minutes. Not to mention, sellers are also noticing the increase in sales through social media versus posting their homes on magazine listings.
In the era of consumers obsessed with quick house searching tools, online reviews, and instant approval, homebuyers can find exactly what they need online, without having to step foot outside. Not only is new technology making the way to shop for homes eco-friendly, but also an efficient way to make the purchase with ease.
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