Real Estate Technology Creates Advances In The Buying and Selling Process
We hear a lot today about how technology is changing our lives. Many of the changes are so subtle we might miss them if we don't look closely. The Internet receives a lot of attention because of its impact on the real estate research process, but technology has also created other efficiencies in the real estate market that haven't yet grabbed headlines.
Faster loan approval
Five years ago, it took an average of 30 to 45 days for a lender to grant approval on a home loan. Today, we can get approval in as little as 24 hours. Thanks to online databases created by national mortgage companies Fannie Mae and Freddie Mac, your financial information is now evaluated electronically by banks and lenders. Today, a loan can be approved in a matter of hours rather than weeks.
Experts predict that many more changes will come as we apply emerging technologies to the real estate business. Will technology ever replace real estate agents? Not likely. Buying and selling real estate is still, and always will be, a personal service. Real estate professionals like Sylvia Touchstone are the best resource for guiding you through these complicated transactions. She is an expert at matching buyers and sellers, negotiating prices and helping you find your perfect home. She has a top-notch internal education program, professional networks and personal experience that cannot be captured in a database. Technology has provided useful tools to help Sylvia make the most efficient use of your time, but the relationship with clients will always be the most important element in a successful transaction.
Technology Speeds Up Real Estate Transactions article by Rick Touchstone - Image7art.com - Image7 Web Solutions.
also see - Technology Changes the Closing Process
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