People aren’t just buying groceries and gifts online, they’re also buying homes! Even over the past 4 years, real estate searches on Google have grown a whopping 253%!!!. This just goes to show that the Internet is connecting homebuyers and sellers better than ever before. The pandemic has caused a greater shift as now internet buying is considered the most favored and safest way to find a desirable home for yourself. 5 Reasons why internet buyers are intimidating traditional buyers.

1. Greater Information

Internet Buyers have greater information about the house, neighborhood and prices of other recent sales, and would pay less for the same housing/neighborhood bundle.Real estate websites bring convenience to buyers and exposure to sellers. Buyers can view hundreds of property images, videos, and features before they ever need to schedule a live tour. Sellers who post their homes on these sites benefit for the same reason; hundreds or thousands of prospective buyers can view their home online without needing to walk through.

2. Better prepared

Internet Buyers spent an average of 4.8 weeks doing research before contacting an agent; traditional buyers only 1.7 weeks. That means an Internet buyer is better prepared and twice as less likely to waste your time.

3. Quick response from agents

Internet Buyer gets a quick response from agents as compared to Traditional Buyers.The most successful agents will also know how to sell your home once you have buyers coming in the door, establishing relationships, conducting market research, and helping you stage your house to make it look its best.Using the internet is one important facet of real estate transactions today, which is gaining popularity. In the current changed scenario it’s best to find a real estate agent who embraces new technologies while viewing the selling process from a holistic perspective.

4. Virtual tours and videos

Canada’s real estate sector has shown steady growth for more than 20 years, especially in Montreal, where the real estate market has grown by 5.5% a year, even during the pandemic. Therefore, it is a favorable economic destination to invest and build up a real estate portfolio over the long term.

4. You can use rental income to pay down your mortgage.

Internet Buyers place emphasis on virtual tours and videos showcasing properties and communities,eliminating the need for some personal home visits thus saving time & money.Today, a greater portion of the home sale process takes place online than ever before. During the COVID-19 pandemic, agents and homebuyers, and sellers alike were forced to adopt innovative contactless procedures like virtual showings and digital-closing tools.All signs point to this shift remaining the new normal. Nowadays, clients insist on virtual tours which can be a short video of the house or even a live video call through Google,Zoom, Skype, FaceTime or WhatsApp. Besides the tours of the house, the clients also insist on seeing the view that a house offers, such as the garden, pool, main road, building on the opposite side, etc., as well as the recreational amenities such as the gym, walking track or even the car parking area that the complex has to offer. Thus, opt for the above methods for house hunting. Let’s go the digital way.

5. Saves time and unnecessary spend

Internet Buyer saves time and unnecessary spend than traditional buyers.A large percentage of new homebuyers feel that the process and paperwork is the hardest thing to figure out. Online property buying sites help to expedite this process and walk you through the correct steps to make sure you are thorough throughout the process.

Would you consider yourself more of a traditional homebuyer or an Internet homebuyer? Do you have experience buying a home either way?

Let us know about your experience!

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