As in many areas, the use of technology has come to facilitate and speed up processes such as the purchase and sale of houses in the real estate sector. However, this advantage has been little taken advantage of by users, which has led to transactions taking longer than expected.
The Mexico Real Estate Report 2023, conducted by the Tuhabi platform, revealed that 36% of people who are in the process of selling a house usually invest an average of seven months to complete the transaction because they do not make use of technological tools.
On the other hand, among the difficulties that people face in achieving the placement or sale of a property is the possibility of finding a buyer and determining the price of a property. In this case, the report indicated that 50% of sellers still resort to informal methods to set the price of a property, while 54% display notices in the windows of the house or apartment as a method of attracting customers.
It is important to note that prolonging the sale of a property represents an expense or disadvantage for its owner because he must continue to pay utilities and taxes while he is in that process.
Some platforms allow a period of buying and selling houses to go from months to just days, as stated by the general manager of Tuhabi in Mexico, Gerardo Fernández.
Faster and easier buying and selling of houses
The use of technology not only favors those who are dedicated to the sale of real estate, but also those who are looking for a home, because it facilitates access to information to compare prices, amenities and other important features when making an advantageous transaction.
From the buyer’s point of view, and before reaching the home acquisition process, it is recommended to analyze the total state of the disposable income (including savings and other funds) that allow the payment of a down payment of at least 10% of the total value of the property. However, the ideal would be to reach between 20% and 25% of that value.
Other expenses that should be considered are the initial deposit, the deed, and the financial institution’s commission. Finally, it will be necessary to explore different financing options in order to choose the most convenient one.
Come to Crea Soluciones
In conclusion, the smart use of technology in real estate can transform the home buying and selling experience, making it faster, simpler and more transparent for all parties involved. If you want to make the most of these opportunities and get expert advice on the process, don’t hesitate to contact us. At CREA Soluciones, we are a Mexican company that provides real estate consulting services, real estate repositioning, market and financial studies, highest and best use study, among others, that will help you get the most out of your investment.
Request more information about commercial appraisal services and mixed use development benefits through the contact form, email info@creasoluciones.com.mx or call us at 5552778044. Our advisors will be pleased to assist you.
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