How Technology Can Improve The Property Market
The house buying process is slow and antiquated. Technology can help make it easier and smoother, says Owen Derbyshire, CEO and co-founder of Track My Move.
Clear and regular communication keeps homebuyers in the loop, relieving them of unnecessary worry and reducing the chances of them constantly calling the office to chase up their status but at the moment, many transactions fall through because of lack of communication between the parties concerned.
This is why for many of us, buying a home tops the list of the most stressful things we’ll do in life. It can be even more stressful than bringing a new life into the world, getting married and, according to a recent study by Which? Mortgage Adviser, is only topped by the stress induced by getting a divorce.
Sadly, the antiquated process of buying a house means it takes an average of ten weeks to complete the process; a long time to spend worrying and even if you have a dedicated agent, like Edward Giles Online, who will follow the sale from offer to completion, this can be a very stressful time.
Welcoming technology into the property market to bring the archaic industry up to speed will be beneficial for all involved. Offering a single portal where all interested parties in a transaction can quickly and easily monitor the progress of a deal helps to eradicate many of the unnecessary hold-ups, and speeds up the time to completion.
Read more in this article from www.mortagefinancegazette.com.