If you’re interested in learning how home ownership will look 20 years from now, this article is for you. Keep reading to get a better idea of how home buying, selling, and improvement is changing and what that could mean for you. 

A Look Back

Before the explosion of the internet, and sites like Zillow and Craig’s List, home ownership looked very different. Getting pre-approved for a loan was a more difficult process. 

Realtor’s often linked potential buyers with lenders, which usually took a few weeks for approval. This is also involved lots of phone calls, signatures, faxes, and meetings. 

Even after being pre-approved for a loan, property inspections could take over a month. Finally, once every hurdle was cleared, the home owners could move in their property and begin any home improvements. 

Game Changer

Fast forward to the present day, where home buyers can do all of these things much more efficiently. The whole process now —searching, buying/renting, financing, improving, selling — can all be done online. 

Loans are now digitally approved almost instantly, rather than waiting over a month. Banks, real estate agencies, and other media companies now compete with each other for your business. It’s truly become a one-stop destination for all prospective home buyers. 

What’s Next

Purchasing

You can bet on fully modeled 3-D versions of homes you’re interested in. Just take out your phone, select a house or apartment, and take the virtual tour right from your phone or computer. 

Information on the surrounding area of the home, including schools and neighborhoods, restaurants and parks, will be easily accessible. 

Closing on your home will be much faster as well, as lenders may have real-time access to your income, debt, and credit score. Also, you’ll be to find highly-rated moving businesses to help and make a reservation instantly. 

Selling

Fill out a short application that says you’d like to sell your home. You’ll most likely receive offers in a week’s time, sometimes in one or two days. 

Right through your phone you could be able to shop and hire a local realtor to list your home if the offers aren’t up to your liking. 

All In Due Time 

These are just the future projections of home ownership, given the technology we have today. Although instant buying does not yet exist, the tools to make it a reality do. Instant selling does exist in several markets today. The future is definitely exciting for home buying, selling, and improving.