All About Buying Property Online

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 online platforms for this process rather than physically going to the purchase location. A wiser person would consider buying a 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 financial help and preparing you for rental agreements.

However convenient this mode of best website for buying a 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 visit the property at least once to make sure you are getting what you want.

Being one of the oldest tricks in the books to sell off inventory, buying land online usually displays grand discounts and offers as an easy way to lure 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 purchasing 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 a 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 minute details about the property to prevent the seller from 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 by buying a home online. Real estate blogs are an essential part of a real estate business in the 21st century. For people who have never owned a home or for those who have moved several times.

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 by giving them an idea of the price variation with geography. All you have to do is 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 the 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 marking areas according to how child-friendly they are by using colours, with red for the most child-friendly and green for areas that are not child-friendly.

6. Provides just the right Apartment Management Solutions:

Apartment management software is 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 providing basic details and adding clauses relating to parking, tenure of agreement, furnishing and much more to generate the agreement that suits your needs.

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, and magicbricks.com. As convenient as buying property online may seem to be, one must always be careful in choosing the right website.

You may want to consult a lawyer about this question.

Here are some differences between buying a property online and on-hand:

Feature	Buying Property Online	Buying Property On-Hand
Convenience	Can be done from anywhere and at any time, providing great flexibility.	Requires actual presence at the property site, which is less convenient.
Time Efficiency	Typically faster, with easy access to listings and virtual tours.	Frequently needs scheduling viewings and travel time, which can be time-consuming.
Information Access	Access to an abundance of information, including virtual tours and extensive listings.	Direct inspection of the property allows for a firsthand evaluation.
Transparency	Online platforms may provide user reviews and ratings, however certain facts may be unreliable.	Allows for instant questioning and verification of property information and seller claims.
Physical Inspection	Virtual tours and images are the only options, and they may not cover everything.	Allows for a complete physical inspection and hands-on evaluation.

Negotiation	Negotiations take place by email, chat, or phone, which may cause delays in the process.	Face-to-face talks are more direct and immediate.
Legal Documentation	Online processing with digital signatures is feasible, although complex processes may be involved.	Physical signatures are required, as is a direct connection with legal professionals.
Costs	Potentially lower thanks to less need for physical travel and in-person meetings.	There may be additional charges associated with travel and physical meetings.

Here are some tips for buying property online:

• Find the right agent: Find an agent with experience in remote transactions.
• Check offers: Realtors may offer discounts and other benefits. Verify these offers with the builder before booking.
• Get documentation: Ensure that the documentation is done properly and registered.
• Find the right website: Some top real estate websites in India include housing.com, magicbricks.com, 99acres.com, and nobroker.in

Other features of buying home online include:

• Map-based search
• Virtual 3D tours
• Sky view feature

For buying property online, you can:

1. Go to the state's online property records portal
2. Fill out the required fields, such as district, tehsil, and village
3. Make payments using online channels
4. Get your home loan approved online

Some documents you may need for buying home in India include:

• Passport and/or OCI card
• PAN card
• PIO (Persons of Indian Origin) card or an OCI (Overseas Citizen of India) card

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Reference Links:

1. Buying Vs Renting

2. Pros-and-Cons-of-Buying-a-Resale-Property

3. Buying Agricultural Land in India