The SHOCK! Homebuyers are using different online tools to buy their home

#realestateagent #homebuyer #realestatetechnology

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Thoughts: There’s this constant pull of technology used when buying or selling homes…but somehow, it never works just right. And then, when you are reading about it, it’s kind of funny because if you tried to buy a house this way you would be left quite discouraged.

A thorough or diligent search, especially one made officially; careful investigation or inquiry

Thoughts

1. These buyers were looking for a home in 2016 and the article is in USA today in 2021? The market has changed quite a bit since then.

2. “In a market like this, you absolutely have to have somebody who knows what's best for you," Harris says. So, I don’t agree with that. Who ultimately knows what is best for you? YOU!

3. While most agents seemed to post the same video tour for each house, Bornhoft's offered more quirky details that house hunters crave, like which homes had unusual “yard art. ” Her personalized video tours revealed details that mattered to the couple….So they chose an agent based on quirky yard art tours? What quirky details do you crave? Do you crave any details at all?

3. Fewer than one-quarter of prospective homebuyers would feel comfortable buying a home entirely online, a survey conducted in February by Zillow found. But at least 75% are OK using online tools, including digital floor plans, 3-D tours, or video showings with an agent. Why would you buy a home entirely online? This statistic makes all the sense in the world. 75% using online tools is fine, but that doesn’t have anything to do with buying a house, does it? And, online vs offline? Does anyone thing they would not use online tools in 2021? I would have thought the number would have been 100%

Then it goes into the online tools.

1. Educate yourself using classes offered by HUD. Can’t really see where that would be better than just asking an agent what they thought of this or that.

2. Check your credit rating ? So, wouldn’t you want to talk with a mortgage broker or apply for a pre-approval letter so you knew EXACTLY where you stood? Why are you checking your credit rating online when all that matters is what the lender is going to allow and how it would fit in with your budget?

3. Research the market using Zillow, realtor.com. Ok, so is that really news? If you are interested in hiring a realtor, the portals are a good place to start, according to the article. Are they? Is Zillow the best place to find a buyer’s agent? Really?

4. Use LinkedIn to find advisors and brokers. So, I have a linked in company page. No one goes to it. Why? Well, I’m not looking for a job, because I have job. If you are looking for a broker on Linkedin, that’s just fascinating. Seriously.

Using LinkedIn can help you gain confidence in someone’s background, education and experience, Frazier says. If you like what you see, you'll feel more confident when you decide to work with them.

“It’s not 100%, it's not an absolute, but the odds are very high that this person is going to take a consultative approach with you,” rather than just make a sale, he says.

5. Use mortgage calculators, rate comparison sites. I mean, or you could just ask your agent what lender they know that can get a deal done. Because once you are under contract, that clock is ticking…..

6. Google earth is your friend. I agree with this. Second to physically walking a neighborhood, I use google earth all the time. Because, you get a sense of what the pictures are hiding.

7. Community group websites. I agree with that. Especially municipalities and subdivision associations. Not so much neighborhood groups, because they are kind of warped…in the sense that some of the loudest complainers can shift the perception of a community…as an example let’s say a community has a population of 10,000 and 100 of them are active posters in a community….it warps the group.

In Closing

So, I think the best way to look at this would be to say, yes, you could start a home search online, but the minute you actually made the decision to buy a house, your best bet would be to call an agent who you have worked with or have grown to trust. They should be able to steer you through most of these issues much more efficiently than you poking around online.

Our word of the day is Perquisition

A thorough or diligent search, especially one made officially; careful investigation or inquiry;

The buyers went through a perquisition in their home search

Source: https://www.usatoday.com/story/money/at-home/2021/07/14/buying-home-how-buy-house-remotely-amid-covid/7947970002/

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