New High-Tech Systems Helping Home Buyers And Professionals

Date July 13, 2007

Computers and other high-tech communication devices play an increasingly important role in the home buying and selling process. The vast majority of prospective home buyers (more than 80 percent) now shop Web sites as an initial action in finding the right new home. After gaining a "feel" for their targeted real estate market and peruse descriptions of available homes, some buyers then contact a Realtor to arrange personal inspections and possibly handle the submission of an offer and closing procedures. Others contact and deal directly with the owner-seller.

The growing interest in and usage of high-tech methods has motivated many creative entrepreneurs to develop new state-of-the-art systems to facilitate the home finding and buying process. For example, a recently launched service provides home information to any consumer’s mobile device via text messaging, as well as their computer. The service already includes more than 100 million homes nationwide - about 90 percent of the total market.

With some of the new services, a prospective buyer can simply key in the address and city of a home and within seconds will have detailed information about the property, including estimated value, number of bedrooms and bathrooms, and sales history.  Consumers and professionals have mobile access to detailed real estate information on most homes.  View home comparisons, map search history, or access detailed home information. With this service, searching for homes is now taken mobile technology to the next level.

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