Your Next Online Shopping Spree: Real Estate?
BuzzBuzzHome is a Canadian real estate search website that plans to feature a “Buy Now” button allowing allow online shoppers to buy a new or pre- construction home. They can do all of this with a credit card, without an agent or physical paperwork. The options will be limited to developers who wish to have their properties for sale online.
Buyers will browse the listings across Canada on BuzzBuzzHome to choose a property. They can click the “Buy Now” button and select add-ons like parking spaces or storage lockers before reviewing and electronically signing the necessary documents. Then they pay a small deposit that holds the property until while they secure financing or pay the remainder of the price.
New technologies continue to shake up the traditional real estate model. BuzzBuzzHome already monitors sales and price fluctuations on pre-built developments in real-time. This particular option appeals to pre-construction home buyers who do their own research online and prefer to skip sales centres and tedious paperwork.
For more information about online real estate buying, check out CBC News