This time last year, no one predicted that nearly half the nation’s work force would have to telecommute. But since spring, millions of Americans have had to devise creative solutions to business dealings, childcare and many other critical matters. Real estate is no exception.
With remote technology, just about every aspect of a real estate purchase or sale can take place remotely. Just like in-person transactions, remote transactions have benefits as well as drawbacks.
Why would someone choose a remote transaction?
Health officials still discourage travel unless necessary. The primary reason for the seismic shift to telecommuting is to keep as many people safe and healthy as possible. Technology such as Skype, Zoom and Teams ensures that you, your real estate agent and any other parties do not risk infection.
If you do not live in Florida, then you may elect to conduct various aspects of your purchase or sale via remote technology. Buying a property without setting foot on it is not always advisable. But a video walk-through is a happy compromise to flying out to view it and not seeing it at all.
Remote transactions and you
Using telecommunications for residential and commercial dealings is still new territory for many people. When preparing for a remote real estate transaction, here is what you can expect:
- Technological difficulties such as delays and dropped calls may occur
- There is more flexibility when scheduling meeting times
- Some nuance may be lost, as it is more difficult to decipher tone of voice, facial expressions and body language
- You and your counsel should use extra vigilance to ensure that no one takes advantage of you
Mastering this new world of remote communication will take patience. But conducting some of or all the steps of your transaction can reduce slow-downs. But with persistence, you will soon have the Florida property of your dreams in your grasp.