In today’s world when every day seems to get smarter, faster and easier with technology, it is no wonder that finding a house online is as user friendly as Google-ing “house wanted.”
Not only does technology provide a seller with multiple platforms for marketing a home online, but it also allows buyers to preview listings and save countless hours of house hunting and pavement pounding by eliminating properties that don’t match their personal criteria.
In addition, once a property is located and an offer is accepted, the legal procedure and deal transaction is most often prepared and negotiated through email and scanned documents, saving attorneys time and ultimately, the client money. Additionally, with the influx of international buyers in the New York area, technology enables foreign buyers to enter the market with access to inventory and real estate professionals literally at their fingertips. In fact, as a real estate attorney in New York City, I provide legal real estate services to many clients from around the world for months without meeting them face-to-face until we actually sit down at the closing table. This is becoming increasingly more common as the market is truly global and the technology makes everything possible from selection to negotiation to banking.
However, although house shopping electronically has its advantages and is an effective first step in defining parameters, real estate transactions should always be executed by licensed professionals, including brokers and experienced attorneys in order to best protect your assets. For more information please contact Felix Nihamin & Associates, P.C. at 212-502-4868 ext. 302.