A Tech-Savvy Guide: Top Tools To Use in Your Dream Home-Buying Journey

March 22, 2024
Natalie Thorburn

Do you think of the day when you finally get to move into your dream home? Breathing a sigh of relief as you take that last box from the moving truck and sit relaxingly in your new home? That day can sometimes seem a million miles away, especially for those who are just starting their home-buying journey.

True, there are many steps to take before you get to the last stage of your home-buying process. However, luckily, there are tons of tech tools out there that can help keep the buying journey as smooth as possible and get you faster to the moving day.

Below, we’ve rounded the best tech tools that can help you at different stages of the homebuying process.

Online Mortgage Calculators

A key step in the home-buying process is to figure out how much you can afford to spend on your new home. You need to finish this step before you start looking for homes and hire the “best real estate brokerage near me.”

This is where an online mortgage calculator comes in handy. An online mortgage calculator estimates your monthly mortgage payments based on factors such as loan amount, interest rate, term length, and down payment.

After knowing the estimated monthly mortgage payment, you can assess whether you can comfortably afford the expense along with other homeownership costs. This information also enables you to focus on properties that fall within your budget during the home search process.

Real Estate Platforms and Apps

A few years back, buyers used to search for houses for sale by driving around neighbourhoods, checking the local newspaper, or asking neighbours and friends. This used to take a tremendous amount of time and effort. But now, tech-savvy homebuyers use apps and listing platforms offered by the top real estate brokerages to do the search.

Real estate platforms and apps have advanced filters that allow homebuyers to refine their search. You can look for a home based on specific criteria such as price range, property type, location, number of bedrooms and bathrooms, and more. This enables you to narrow down your options to properties that best match your needs and preferences.

Most real estate apps like The Canadian Home also allow homebuyers to set up alerts for new property listings that match their criteria. This ensures that homebuyers stay updated on the latest properties that meet their preferences, enabling them to act quickly before some other buyer snatches it away.

Virtual Reality (VR) Tours

Once you’ve shortlisted a few properties, the next step is to take a thorough look inside. No, you don’t have to travel to see if the houses fit your needs. Through Virtual Reality tours, you can take an immersive tour of a property from the comfort of your home or anywhere.

Many real estate brokerages and house-hunting apps offer this VR tour feature in property listings nowadays. If you fall in love with a property after taking a virtual tour, you can ask your real estate agent to book an in-person viewing to physically see the property.

Location Intelligence Platforms

The location in which you buy a home is just as important as the house itself. The property location not only impacts your day-to-day life but also the value of your house in the long run.

Here are some tech tools that you can leverage to get a comprehensive understanding of your would-be neighbourhood -

  • Use Google Maps to explore the surroundings of a property in detail. Look for nearby amenities like parks, grocery stores, restaurants, and public transit options.
  • Take the help of the Crime Mapping Application offered by the Peel Regional Police to get a clear picture of crime rates in the area surrounding the property.
  • Assess the walkability of the neighbourhood through apps like Walk Score.
  • To find out the neighbourhood’s proximity to good schools, use the Ontario School District app.

Virtual Home Inspections

A real estate brokerage generally recommends homebuyers to do the home inspection process in person. But, sometimes circumstances may not permit it.

If you also face such an issue during your home inspection stage, you can go for a virtual home inspection. In the virtual home inspection process, the inspector shares photos and videos of the property findings with buyers online along with a detailed report.

E-signing and Online Document Management Tools

Remember when you had to print, sign, scan, fax, or mail piles of documents during the homebuying process? Well, now, homebuyers no longer have to go through this paperwork inconvenience.

Many online document management tools are now available in the real estate industry that have a built-in e-sign feature. Through this, you can sign documents electronically from anywhere, anytime. This eliminates the need to schedule in-person meetings or rush to meet deadlines. The online document management tools also allow you to securely store and access all your home-buying documents in one centralized location.

In case you wish to use this feature, ask the real estate brokerage team you’re working with if they use any online document management tools. If they do use it, request their team to guide you on how to upload, sign, and manage documents on the document management platform.

Your Journey to Homeownership Must Be Tech-Enabled and Expert-Led

Technology has undeniably made the home-buying process more streamlined, convenient, and information-rich. However, it’s important to remember that technology has not and can never replace the human element entirely from the home-buying process.

For instance - you can search for properties on your own with the help of tech tools. But when it comes to viewing the home or taking the process ahead, you need the help of an expert real estate professional. Their knowledge, experience, and personal guidance are invaluable in helping you make informed decisions and avoid potential pitfalls.

Seal the deal on your dream home with the expert guidance of a real estate brokerage and the convenience of tech tools!

 

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