Diversifying your investment portfolio and increasing your wealth is achievable through investing in real estate. In today’s world, it appears that there’s an application for everything, and real estate investing is no exception. Here are some technological resources to assist real estate investors in Southwest Michigan throughout the COVID-19 pandemic.
Virtual Tours
Virtual tours are an excellent technological resource for real estate investors, especially during the COVID-19 pandemic. As an investor, you may still want to inspect the property, explore the interiors, and assess the neighborhood, but it may not be entirely safe to physically visit properties, especially if you have underlying medical conditions that could make contracting the virus more severe. With virtual tours, you can view the property’s exteriors and interiors, and even explore the surrounding area, depending on the listing. If you’re seriously considering buying a property, you can contact the real estate agent or homeowner if it’s for sale by owner, and request a video call where the agent can walk you through the property as if you were present.
Three-Dimensional House Staging
Real estate investors in Southwest Michigan can benefit from an excellent technological resource during the COVID-19 pandemic that involves staging a house using photographs of the property and integrating three-dimensional furniture and objects to scale, providing an accurate representation of the space without physically placing furniture in the property. This technology saves time and money for the seller, eliminating the need to hire a decorator or purchase or rent furniture and decorations. The three-dimensional displays can also be customized to match your preferences and colors, allowing you to determine whether the property is a suitable addition to your portfolio.
Digital Paperwork
A great tech tool available to real estate investors in Southwest Michigan during the coronavirus pandemic is the ability to prepare, negotiate, and finalize contracts digitally. This can be done through various reputable companies and is widely accepted as a legitimate form of contract by title companies. The best part about digital contracts is that they can be easily signed and initialed with just a click of a mouse. You can also add comments and notes to the documents without having to decipher someone’s handwriting or worry about the quality of a scanned document. Title companies are also adapting to the use of digital notaries, which means that an entire closing can be conducted electronically! It’s important to note that this is a relatively new practice, and there may be some restrictions. Contact I Buy SW MI at (231) 392-3262 to find out if you qualify for a digital closing. Additionally, you can purchase properties by wiring funds from your bank to the title company, which means you can complete a transaction without leaving your home office or having to find a notary.
Management Software
A great tech tool available to real estate investors in Southwest Michigan during the coronavirus pandemic is the ability to prepare, negotiate, and finalize contracts digitally. This can be done through various reputable companies and is widely accepted as a legitimate form of contract by title companies. The best part about digital contracts is that they can be easily signed and initialed with just a click of a mouse. You can also add comments and notes to the documents without having to decipher someone’s handwriting or worry about the quality of a scanned document. Title companies are also adapting to the use of digital notaries, which means that an entire closing can be conducted electronically! It’s important to note that this is a relatively new practice, and there may be some restrictions. Contact I Buy SW MI at (231) 392-3262 to find out if you qualify for a digital closing. Additionally, you can purchase properties by wiring funds from your bank to the title company, which means you can complete a transaction without leaving your home office or having to find a notary.