Buying a house is on the bucket list for millions of people, often seen as a key milestone event in people’s lives. Still, even with so many individuals looking to buy, those involved in making the process happen haven’t done much to make it any easier or less stressful for the customer over the last couple of decades.
Even with technology coming on leaps and bounds, for the most part, buying a home now is just as stressful as it was at the turn of the millennium, if not more so. Luckily, with the market becoming more competitive among brokers, solicitors, sellers, and all of the other key players, some have embraced methods of easing the process for a better overall customer experience. If you are looking to purchase your new home, go to eXp Realty to find some of the most beautiful houses.
Here are some of those applications of modern tech that are helping with common points of stress, like solicitors not being communicative, knowing if you can afford a property, and checking if homes will end up being a good fit for you.
Tracking solicitors as they go
One of the most common gripes among prospective home buyers is the lack of communication or clarity from solicitors. In an age when an overwhelming majority of consumers say that online order tracking is a top-three consideration when buying online, per Retail Dive, a process as important as what solicitors undertake on the customer’s behalf really should provide a similar reference.
Some solicitors and conveyance firms have realized this and now offer 24/7 online case trackers, which proves to be a simple way to reduce stress among customers. It both helps angst-ridden buyers and can reduce the volume of emails and calls coming into the agency.
A lot of people find the house that they want, assuming several factors, before starting the arduous mortgage-getting process. So, affordability often causes stress, particularly among those who lenders raise the bar for, such as the self-employed. Recognizing this, Trussle established its free soft check mortgage in principle online, which checks a customer’s eligibility against 18 lenders to get an accurate picture of how much can be borrowed.
The MIP can then be used as a reference and given to estate agents to prove that you’re a serious buyer. As it’s free to claim online, house-hunters can quickly eliminate this stress from the list of to-dos as they attempt to finalize the purchase of a new property.
Visualizing the space
Even after hours of searching online, it can be difficult to visualize a space in real terms, particularly if you’re looking to buy furniture for your new home. Furthermore, viewings are time-consuming and can regularly end in you not committing to the property. They’re made worse if you’re looking to move far away from where you currently live. To help with this, the growing virtual tour market could rise to prominence.
As Digital Journal reports, it’s set to grow from $448 million in 2020 to over $6.5 billion in 2030, with real estate being a key driver of growth. There are already some companies working to implement 3D home tours, so some customers are getting lucky, finding 360o and even VR listings.
Online trackers, quick and non-invasive online lending sheets, and virtual reality are quietly making the home buying experience a bit less stressful for the vigilant customers who can utilize these applications.