A Guide for Purchasing a Real Estate Property Remotely

Does the real estate market ever sleep? Nope, and neither would you with the recent introduction of remote real estate purchases. With electronic signatures, video conferencing, and wired bank transactions facilitating the business, here’s a guide you can use to successfully purchase a real estate property from afar:

1. Find the Right Real Estate Transaction Coordinator

A transaction coordinator is your best resource for remotely purchasing a real estate property. As much as they know about virtual showings and home browsing, they should also be aware of the inspection and closing phase. However, as a consumer, you’re expected to communicate with the transaction coordinator regarding everything you are looking for when buying a home.

2. Understand the Market

When buying a home remotely, it’s important to have some scoop whoop on the local residential market to remain competitive. In a buyer’s market, there are more homes for sale than buyers, giving the buyer a competitive edge for remote purchases.

3. Attend a Virtual House Show

After browsing for a home through online listing platforms, you’ll want to schedule yourself for a virtual showing of the home. The consumer is expected to trust the judgment of the transaction coordinator who’s available on site. If you like what you see, you can always make an offer to the concerned parties virtually.

4.   Schedule an Inspection

After finding a house that you wish to invest your money in, it’s time to dig deep into the specifics of the property to identify any problems before the closing.

5. Appraise and Close Remotely

After you’ve successfully negotiated the price, neither the buyer nor their agent needs to attend the appraisal. As for closing, it can be done with little to no effort as electronic signatures are now accepted worldwide.

Real Estate Transaction Coordinator at Your Disposal

A real estate transaction coordinator in Florida can help the seller, buyer, and lender deal with real estate properties better. Streamline Closings is a virtual transaction coordinator company that has been in business for the past 20 years and successfully closed over 2,000 transactions. We’re a team of licensed and certified transaction coordinators who know the ins and outs of real estate transaction management. Learn about pricing at Streamline Closings.