So how can the Internet help the property market become collaborative?
A study from Credit Foncier last month said 95% of buyers used the Internet for their house search. Here are three further ways in which the Internet makes incredible sense to the property buyers and owners:
1. Use a collaborative Property Finder
2. Rent your house for summer lets
3. Share the price of properties sold
1. USE A COLLABORATIVE PROPERTY FINDER
To deal with dispersion of offers, 1200 estate agents in the just the Var, selling over 50000 properties, the first improvement has been the arrival of real estate portals. But the next issue has been the huge number of property portals that are available and we looked at 200 such portals.
The best solution is to delegate the search to a “collaborative” property finder, who can act as your single point of contact, search the whole market and share freely with you the information he has at his disposal. Through our review of property sites and search services, this is what we do at SmartFinder.
How can a property finder do a better job at searching a house than a buyer who knows what he wants ?
So why take the risk of doing everything yourself, if for the same standard commission, you can get a property finder to do a lot of the work for you ? SmartfinderVar shares the commission with the estate agent, so there is no extra cost for you, the buyer. Not using a property finder, makes as much sense as driving your car through traffic every day on your own …
2. RENT YOUR HOUSE
With so many holiday houses remaining empty most of the year, why not make use of a sleeping asset that millions of visitors are ready to pay a high price for. It has never been easier to rent your house with the help of the Internet. For less than the cost of 2 days rent, you can place an ad on a property rental website. You can choose to delegate the work of managing the rental either with dedicated agents or reliable individuals. These can include an insurance against any damage. A useful tip is to keep one or two rooms in the house, like your bedroom and office, closed and this will reduce the work of removing your personal effects during the rental. Once you start renting, you wonder why you didn’t start earlier.
3. SHARE THE PRICE OF PROPERTIES SOLD
Since 2014, French tax payers can see the price of properties sold recently in any area in France from the Patrim database. Although it is intended for helping value your own properties for tax declarations, M.Fillon, who may be in a future government, wants to bring transparency to the real estate market and open the database to all over the web, so as to help establish fair prices and act as a catalyst for sales. We fully support this, as it would create a climate of trust in the market. To protect personal data, the complete address of the property and owner details are not shared. Take a look at the Patrim database before you throw in your life savings in a house purchase.
Using the Internet in these new ways, will empower the property buyer and owner like never before. This is a time of opportunity to those willing to adopt these new tools and property services. If you want try our search service, SmartfinderVar search form can be accessed here.