All About Buying Property or Home Online


Date: 28-November,2020Last Updated: 16-April,2021
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With the advanced technology everything is just a click away on your phones and tablets, from buying groceries to furniture, so is buying property online!

It is a proven fact that those who purchase property are very much dependent on the online platforms for this process rather than physically going to the purchase location. A wiser person would consider buying home online rather than taking a day off from work when they can just attend a virtual tour of the site and compare various properties and options along with prices using the available online tools of real estate websites.

The search engines on today's real estate online portals have evolved to help with the right data-backed analysis of each and every micro-market out there with detailed descriptions. These real estate websites are not only helpful for buying property online, but they also give you advice on getting the financial help and preparing you for rental agreements.

However convenient this mode of buying home online may be, there are a few things you must keep in mind. Buying a property is a really huge investment and has a very grand cost, hence you must always ensure that it does not go wrong and end with regrets. Always make sure you do visit the property at least once to make sure you are getting what you want.

Being on one of the oldest tricks in the books to sell off inventory, buying land online usually display grand discounts and offers as an easy way to lure the buyers in only to fool them later.

Make sure you are not falling prey to such schemes. Always compare prices to help you understand better the approximate prices of the properties in the area, avoid being careless while making the purchase and finishing the paperwork before you buy land online. Ask the developers to show you physical papers related to the property and the approval certificate from the government and if they fail, refuse to purchase.

The main features available to you while buying property online are:

1. You are given a Map-Based search:

You can get a list of properties by just entering the criteria which you wish like budget, size of apartment, city, etc. By doing this, you get to see the actual location of the property and even compare them with various properties available in the same area in the given location.

This feature is present on all online portals to buy land online. They are even helpful in locating hospitals, roads, malls, cinema halls, schools, parks, ATMs, metro stations, bus stations etc. and its proximity to the property which are some of the core features looked into by prospective home buyers before purchase and get a clearer picture on the location. This is called the Map-based search as it reduces the number of searches in comparison to the conventional methods of hunting and helps in the decision-making of buyers.

2. You can go on virtual 3D Tours:

You are usually used to constraining your excitement of visiting your flat in case of a newly launched project. However, now with the advancement of technology, there is a solution to this. Taking Virtual 3D tours with the help of the latest visualization software technology, it uses the same and exact details as the actual floor plan and creates a 3D replica of the apartment. With this great feature, the prospective home buyer gets a complete 360-degree view of buying home online with a better understanding of the space, lighting and the ambience as a whole.

3. Get a Bird's Eye View with the Sky view Feature:

This feature provides the buyer with an aerial view while buying property online along with its surrounding area without going through the difficulty of visiting the location physically to check the area out. This saves you a lot of time and effort, especially if you are from a different region. Phantom drones set at the height of 180 meters are used to click images of properties and their vicinity which are then woven together to provide users with a 360-degree view of the location while keeping in mind the top floor of the under-construction building.

4. Get only for the Verified Properties

Many a time, there are certain properties which do not exist; therefore, the address becomes a major issue. However, many real estate websites have only the VERIFIED properties on them with real photos and videos of the properties taken by data agents along with the minute details about the property to prevent the seller having to answer calls even for the smallest of causes. Various other websites also advise their customers to verify their properties to increase their chances of receiving responses and increase their chances of being sold. This verification can be done free of cost with buying home online.

5. The use of Algorithms to Simplify Decisions:

The major Algorithms used for buying property online are:

Price Heat Maps: Price data is visually shown on a map to help people with giving them an idea of the price variation with geography. All you have to do is simply hover over a locality on your screen and find the average price of the houses there.

Visibility Index: This index, simplifies the search process by making the properties which are more popular to be shown under the default zoom option.

Inventory Demand and Supply: It depicts the preference of the people on where they want to live in a particular city and the supply of properties in the various areas of a city, along with the online demand for property in the particular area.

Housing Lifestyle Rating: It rates living experience in a particular apartment, using factors such as the locality score, society score, neighbourhood and connectivity score.

Child Friendliness Index: The index measures localities on three different criteria, namely the number of schools, hospitals and parks in an area. The schools in an area are given greater weightage for creating the final composite score and marks areas according to how child-friendly they are by using colours, with red for the most child-friendly while green for areas that are not child-friendly.

6. Provides just the right Apartment Management Solutions:

Apartment management software are designed to manage the day-to-day activities of various gated communities while buying property online including online notice board posts and residents' directory while also being used for updating & managing accounts, maintenance dues and registering complaints.

Through this software, various home buyers can communicate with one another and have apartment-related discussions, organize events, etc.

7. Get into Rent or Purchase Agreements Online

Under this people can create and customize purchase or rental agreements by themselves by just providing basic details and add clauses relating to parking, tenure of agreement, furnishing and much more to generate the agreement that suits your need.

The websites prepare the agreement and take care of the paperwork for a small fee. It will deposit the required stamp duty and will get the rent agreement dropped at your place within 48 hours before you buy real estate online.

Where can you find all these features? It is possible with the help of the best websites for buying homes, namely, Homes247.in, commonfloor.com, 99acres.com, housing.com, magicbricks.com. As convenient as buying property online may seem to be, one must always be careful in choosing the right website.

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