How to Buy Property Online- Things to Keep in Mind.

“41% of recent buyers began their home buying process by searching online, and 95% used online tools in their search process. [Source] Popularity for online shopping is only going to grow in the future. Here are some things you should keep in mind when buying property online-”
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Choose Reputable Websites

Select reliable and established real estate websites or platforms known for listing verified properties. Estate Agent Power ensures that all its users are genuine by doing our due diligence in verification.

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Research and Due Diligence

Thoroughly research the property, its location, neighbourhood, amenities, and nearby facilities. Verify property details, including size, features, condition, and any potential issues. Estate Agent Power encourages you to visit the property in person if possible. But you can also buy the property without a visit as we do everything to ensure that the property and the details provided are genuine.

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Virtual Tours and Photos

Look for listings with high-quality photos, 360-degree views, or virtual tours to get a comprehensive view of the property. Request additional photos or videos if necessary to better understand the property's condition.

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Pricing and Market Analysis

Evaluate the property's price based on comparable sales in the area to ensure it's fair and aligned with market value. Don't solely rely on the listed price; consider making offers based on your research and understanding of the local market. This can easily be done by a quick search online. Also keep in mind that certain desirable or unique features may cause the price of a property to be higher than the market value.

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Property Inspections and Appraisals

Schedule inspections to assess the property's condition, structural integrity, and potential issues. Consider obtaining an appraisal to ensure the property's value aligns with the purchase price.

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Review Legal Documents and Disclosures

Carefully review all legal documents, including the purchase agreement, disclosures, and any addendums. Ensure you understand the terms, contingencies, and responsibilities outlined in the documents. Your solicitor will be provided the documents to verify before the deal proceeds to ensure full transparency and trust.

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Secure Financing and Budgeting

Arrange pre-approval for a mortgage or secure financing before making an offer to demonstrate your financial readiness. Determine your budget and affordability, considering additional costs such as closing fees, taxes, and maintenance.

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Secure Transactions and Security

Use secure payment methods and verified platforms to process transactions. Be cautious of potential scams,fraudulent listings, or unverified sellers and take steps to protect your personal information.

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Seek Professional Advice

Consider seeking legal advice or consulting real estate professionals to ensure a smooth and legally compliant buying process. You can use your own solicitors or may hire one from our directory of solicitors for legal help. You can also always contact our support team for any doubts or questions.

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