Maybe you are relocating due to your job, buying a second home in an area you cannot travel to at this time, or are uncomfortable viewing homes in person due to a pandemic (we will just file that under things we never thought we would say until 2020). There are lots of reasons that you may want to buy a house remotely; that is sight-unseen.
You may think this sounds crazy, but our brokers regularly work with clients who need or want to purchase a home remotely for numerous reasons. So what do you need to know before buying a house unseen?
Get a Real Estate Broker
The first thing you need to do when purchasing a home, remotely or in person, is to start working with a knowledgeable, local real estate broker. They are neighborhood experts who will be able to help your transaction go as smoothly as possible. Our team is full of professional real estate brokers with years of experience who are well equipped to help you purchase a property remotely.
Get Comfortable with Technology
Today’s technology makes buying a house remotely easier than ever before. Most real estate listings offer professional photography to give you a great look at the home. And we are able to go even further with virtual tours, Zoom, videos, and virtual walkthroughs. Many listings are now offering these pre-made, or you can do them live with your real estate broker, or can be recorded for you to re-watch.
Work with A Lender
Your real estate broker will be able to point you in the direction of local lenders that will best be able to assist you for your specific situation. Working with a lender from the start helps ensure a seamless home buying experience. Just like you can do all of the home buying process remotely, you can also do all of the loan process remotely as well.
Technology has come a long way from the old days of handwritten contracts that needed to be delivered in person. Today, we are able to do all the forms and documents associated with a home purchase online with e-signatures. Most buyers, even those who choose to purchase in person, decide to do e-signatures on their contracts.
Use Your Inspection Period
If your transaction has an inspection contingency, you can use this time period to gather as much information about the property as possible. Your hired professional home inspector will perform a home inspection and give you a report with notes, photographs and often videos, showing all kinds of information on your new home.
Set Up Escrow to Sign Remotely
Depending on your location and lender it may be able to sign all your closing documents electronically! If not, then you can still set up one-on-one meetings with a mobile notary to sign your closing documents remotely.
Would you purchase a home remotely? What other questions do you have?