Can You Even Buy and Sell Real Estate Online?

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Can You Even Buy and Sell Real Estate Online?
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Before COVID-19, this question might have raised
eyebrows or triggered laughter, but now it is no
more an impossible task. All thanks to the virus
for letting the world leverage the true potential
of technology. The real estate agents around the
globe had to change their way of selling and
buying properties. So, it was no exception to me
too. Hii, I am Manny Singh, a real estate agent
serving my expertise in Pakenham, Narre Warren,
Hampton Park and nearby suburbs. "Pandemic has
changed the way real estate agents now take care
of the day-to-day tasks. If we talk about buying
and selling homes, this too has got a revolution.
COVID-19 has prompted real estate agents to take
over real estate activities online. For instance,
virtual home viewing became prevalent during the
lockdown. Buyers and sellers resorted to the
internet to reach real estate agents." Today,
almost every real estate agent has a business
online. They run their businesses using social
media platforms and websites etc. Through the
strong online presence of real estate agents,
people were able to sell and buy homes
online. So, by this, we get to know that yes, it
is quite possible to buy and sell properties
online. At least, during the lockdown, it has
become so.
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Sell It Yourself
It is always possible to go solo on the ride for
buying and selling properties. But if you are new
to the process, it is always suggested to hire a
real estate agent by your side. A local real
estate agent would be of a great help to you in
taking such a crucial decision of life. However,
if you are considering to do it all by yourself,
then you can reach out to the websites online,
gather information, and act accordingly. But in
this case, there is a probability that buying or
selling might take time. On the other hand, with
an experienced real estate agent, you will stay
stress-free. Everything from pin to an elephant
will be handled by real estate agent. When it
comes to buying and selling online, the process
remains the same. But you would still need a real
estate agent to know the valuation of the
property, to understand the changes in real
estate market, type of market (buyers' or
sellers 'market), negotiations, searching a
potential buyer or seller, preparing documents,
inspections, open houses, auctions, and so on.
All these steps and everything in between these
would require an assistance of a real estate
agent, especially if you are a first-home buyer
or first-home seller. Also, there are certain
things that you will have to take care of while
buying and selling online. For instance, you
will have to see the right online website for
yourself.
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How to Choose the Right Real Estate Website?

• So where and how do you start? There are a number
  of sites where you can list your home for
  selling. A quick search online reveals some
  sites promote themselves heavily on social media
  while others might not have a strong visibility.
• Every website will have its own terms,
  conditions, and costs. So, choose the one that
  suits the best to your needs and requirements.
  Also, do not make any decision in haste and do
  not even go for the one that offers cheap rates.
• While you are searching for the right real estate
  websites, make sure you compare the costs with
  inclusions as well as the fine prints.
• Also, check that they include a property report
  for your area so that you get a price guide for
  negotiations. If a weekly report is important,
  look for a site that offers engagement data on
  your home listing. Also, with social media as a
  big part of people's lives, you would need to see
  if they have a presence on social media channels
  to capture more eyeballs or not.
• In case, you need some personal assistance with
  selling your property, look for a site which has
  testimonials, feedbacks, and reviews. Also, check
  the sign of 'For Sale', if it has been created
  and installed properly, offering a good street
  visibility.

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Find a Real Estate Agent Online
This is the first step to selling your house
online. There are number of online and hybrid
agents out there. Look for those who is able to
fulfill your requirements. Also, compare the
packages, pricing and then finalize.
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What to Check and Compare?
Fees The low fee is often the biggest attraction
of online real estate agents versus high street
agents. The fee among online real estate agents
varies considerably. So, comparing their fees
would be the first step in deciding which real
estate agent you will be working with. Remember,
some real estate agents also offer no sale no
fee packages too. In this case, you are only
allowed to pay on completion but usually such
real estate agents are expensive.
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Prices Also Vary Based on the Package
Comparing packages is also important to ensure
that you find the right package and price to
suit your needs. While looking into the
packages, makes sure you check in the following
criteria such as photography, floor plans,
advertising etc. Must look into other services
they offer because anything extra may come at an
additional charge.
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Marketing Period
Do not forget to ask about the marketing time
span. Ask the real estate agent if the marketing
of the property is for a fixed time or unlimited
time.
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Get the Valuation
How would you even sell your house without
getting right valuation done. Make sure you get
your propertys valuation done from online
agents. Some real estate agents may give you
detailed valuation reports too. So, look into
this aspect too. A local real estate agent would
be able to give you the right valuation of your
property better than anyone else. Along with
valuation, also discuss the marketing. Remember
that getting the right valuation of the property
is incredibly important, not just in terms of a
final sales price but also for the speed of the
sale.
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Seek Feedback and Conduct Viewings
Usually, the real estate agent will ask you for
viewings too. The online real estate agent may
also book buyers through their dedicated online
system. Even though the system is online, you
must speak to the agent and understand about the
number of viewings, the price included, who will
conduct them and how it will come into the
practice.
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Offer Negotiation
Handling the entire selling of property online is
a whole new world. It should be your duty as a
vendor to look that the funds are in place. Even
though having a real estate agent will be a boon
for you because the agents take care of every
step all by themselves, you should stay
aware. You should expect the agent to pass the
information on and guide through the process of
negotiation and making an offer.
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Exchanging Contracts
Contracts are exchanged when the sale becomes
legally binding. This is the point when you and
the buyer agree, the day money is transferred
and your home is sold. Most online agents may
even involve an up-front payment for marketing.
So, you must see this part too before hiring a
real estate agent online. However, reaching this
point means it is the time to crack open the
champagne. By all the above points, we get to
know that searching real estate agent online,
working with them, and finally selling or buying
a home is not a thing of past anymore. If you
are looking forward to buying or selling
properties online, do not hold yourself back
because of COVID. We are still on the move and
working day and night to meet your real estate
needs. Contact now!
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3 Withers Ct, Pakenham VIC 3810, Australia
GET IN TOUCH
61 423 277 447 manny.singh_at_freedomproperty.com.a
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