18 Sep 2014

Mark Zawaideh

Pros and Cons of House Hunting Online

Searching for Real Estate OnlineWith the rise of technology and the ease of its use, many people are starting to transfer this to all areas of their lives. Some people are doing their taxes online rather than work with a professional tax preparer or a CPA. Another new trend the real estate market is encountering, people are looking at homes online rather than using a real estate agent.

While some people can get away with doing it this way, many times there are complications that would warrant the use of a real estate agent. Let’s take a look at the pros and cons of looking online vs. hiring a real estate agent.

The Disadvantages of Online House Hunting

The cons to online house hunting include factors, such as:

  • The internet won’t have all of the information about the home like an agent would. Agents know secrets, such as when a price on a home is about to be reduced or a new listing that isn’t up yet.
  • The online listing will lack information about the home that a buyer’s agent would be able to find out for you.
  • A real estate agent can help you narrow your search based on the criteria you need much easier than online searches can. They are going to be able to find out which homes are near the parks and schools you want, along with the differences in the homes on the same street.
  • Real estate agents tend to be neighborhood specialists and provide a service you simply cannot get with an online search.

The Advantages to Online House Hunting

On the bright side, you can benefit from the pros of house hunting, such as:

  • You can see a large number of homes in a timely fashion
  • You are in control because you are doing the research yourself rather than relying on a real estate agent
  • You can narrow the search to the area you specifically wanted

While there are pros and cons to online house hunting, most buyers are going to benefit more from hiring an agent than trying to handle house hunting on their own.

Topics: Buyer Tips & Mortgage News