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'Let your
fingers do the walking'
has taken on a whole new meaning when it comes to researching real estate in
the 21st century. The Internet is becoming an increasing important source of
information and a time saving tool for homebuyers. It empowers them to gather
information about housing issues and current market conditions as well as
allowing them to preview numerous listings at the click of a mouse and survey
current mortgage rates.
Home shoppers benefit in
particular by being able to research homes before meeting with a real estate
agent. Typical questions such as: Are there good schools nearby? How far is it
to downtown or to work? Is the home construction suitable to its geographical
area? Researching areas of concern can provide a sense of control over what is
for many people the largest purchase of their lives. Also by weeding out homes
that don't meet basic criteria, they can save themselves and the agent a great
deal of time. The Internet makes research faster and more convenient than ever.
The following are some ways to
maximize the research potential of the Internet when you search for a home.
In General
- Among the many purposes of the Internet from
entertainment to education, it is a dynamic advertising and marketing
tool. Remember that the truthfulness and quality of the information you
find on the Internet can vary. Always consider the source. It's wise to
check out more than one source in order to cross check information.
- Some websites require personal details before
a consumer can proceed and view certain information. If you are not
comfortable with this don't feel obligated to divulge any personal
information.
Conducting Research
- The Canadian Home Builders Association
website http://www.chbabc.org/ serves
those in the home building industry however it also provides valuable
information to consumers regarding home design. In addition, the website
lists topics in their technical library from masonry to finishes to energy
efficiency which the public can access in person at their Burnaby, British
Columbia location.
- The Internet is an excellent way to find out
about a new neighbourhood. There are three common online avenues to
information about communities: type in e.g. www.nameofthecity.org (or
.com), search for the town city hall or chamber of commerce.
- Many online listings include an address with
a postal code. If you aren't familiar with the address you can use the
postal code to get an idea of the home location. In your browser type http://www.yahoo.ca and click on maps. When
you enter the postal code, Yahoo will provide you with a detailed map of
the location.
- If you are interested in finding out about
local services such as landscapers, architects, recreation facilities,
etc., visit http://www.yellowpages.ca
or http://www.superpages.com and
type in your criteria. Along with the telephone number and addresses, some
businesses will even include a website link and a map.
- To find a property appraiser in your area
check out the Appraisal Institute of Canada's website: http://www.aicanada.org/public.htm.
An appraisal can provide an accurate assessment of market value when a
home is bought or sold, a new home is being constructed, when a mortgage
is required etc.
- With a dizzying array of mortgage products on
the market, online research can provide details about obtaining a mortgage
as well as current rates. Many lenders include online mortgage
calculators, worksheets to help you figure out how much you can afford,
details of promotions as well as online applications.
If you're in the market for a new
home you've likely already visited or plan to visit online listings on http://www.sutton.com or http://www.mls.ca. These listings generally
provide details on the square footage, number of bedrooms and bathrooms, age,
location, and other aspects of the home along with a photo. You will also find
the name of the listing agent.
Technology is not replacing
customer service; an online listing doesn't mean an online sale without a human
element. In fact, Internet shoppers are more likely to use real estate agents
than non-Internet shoppers. Eighty-seven percent of web home shoppers use a
real estate agent or broker, while 76 percent of traditional buyers work with
an agent, according to an American study conducted by the National Real Estate
Board in 2000. The Internet is a channel for delivering property information;
as a consumer you need not sacrifice any of the services you'd expect from a
profession real estate agent.
Sales agents help potential buyers
determine their specific home requirements, provide qualified information about
the local market, prepare an offer, provide information on home inspection and
more.
Happy (and knowledgeable) house
hunting!
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