Your Ultimate Guide to Virtual Home Buying
Virtual home buying is becoming increasingly common these days. Video tours have replaced openhouses and closings can be done electronically, making for a truly remote buying experience. Are youlooking for a new home but unable to see the property in-person? This guide outlines the benefits ofvirtual home buying — along with tips for remote showings — to help you make the most ofyour home buying experience.
Benefits of Virtual Home Buying
In many ways, the virtual home buying process is similar to purchasing a house in-person. However, youwill have to depend on your real estate agent to handle nearly the entire process, from attendinginspections to guiding you through all the paperwork. You will want to find anagent familiar with remote home buying and the area you are looking in. Their experience will go a longway if there are any red flags about the buying process or the property.
Another benefit of virtual home buying is being able to tour several houses in a short period of time.You could normally spend an entire day driving from one home to the next, making notes and trying toremember them all. However, virtual home tours allow you to view several homes back-to-back and compare them from thecomfort of your computer screen. A virtual tour even lets you go back and re-analyze a property as manytimes as you would like, without having to disturb a homeowner.
Closings can also be done remotely. Your agent will just send you the contract and addendums thatcan be signed using an electronic signature system. This allows the agent to go to the closing table with theclosing documents — without you being there physically — and have the funds wired tocomplete the transaction.
Tips for Virtual Home Tours
If you are ready to take part in a virtual home tour, here are a few things that will help you make themost of the experience.
Have a Floorplan Handy
Touring a new space via video can be a challenge, as it is often hard to see how rooms connect or howthey are oriented. You should have a floorplan of the home handy so that you can follow along during thetour. Not only is it helpful in understanding the flow and general layout of the space, but the plan can alsoprovide a reference for each room’s size and ceiling height. Print out the floorplan ahead of time sothat you can take notes on the home’s layout.
Ask About Sounds and Smells
Sounds and smells are also important factors to consider. On a home video tour, youmight not be able to hear the neighbor’s dog barking outside or smell any strange odors. Thesecould be deal-breakers, so ask your agent to be your nose and ears for you. Have them point out anycreaky cabinets, pet odors, squeaky floorboards or other issues that you may not notice in a video call orphotos. You can even ask your agent toshow you the view from windows or zoom in on details that may have otherwise been overlooked.
Tour the Outside
Do not forget to see the outdoor areas of the home. This includes the deck or patio space, front andback yards, garages or sheds. Examine the condition of the driveway and exterior elements, such as thesiding or roof, that could be expensive to replace. You will also want to note any concerns about lawn careneeds and if the home includes a pool or hot tub.
Explore the Neighborhood
Your new neighborhood is just as important as the house itself. Use Google Earth to see if the homeyou are interested in is near shopping centers, schools, parks and restaurants. You can also do a physicaldrive-by of the neighborhood if you are moving locally. Pay attention to the quality of the roads andwhether or not there are any power lines or freeways nearby that may contribute to noise in the yard.
These are not the only tips to keep in mind when taking a virtual tour of a home for sale, though. If youdecide to buy a property following a virtual showing, add contingencies to your contract for addedprotection. Many contracts are contingent on repairs being made or houses passing inspection— this is highly recommended, especially if you buy virtually.
Virtual home buying has become increasingly common in today’s technological landscape. Areyou on the hunt for a new home? Explore and compare Perry Homes’move-in ready properties online from the comfort of your computer screen to find your new homebase today.