Is Ecommerce Option Of Sale In Real Estate?
10/31/2007
Market place has become so close. It is because of knowledge through internet. One can easily get information about any product and any location sitting at home. But question arises, is it possible to have such facility in case of real estate market? Sitting in Canada you can get to know of Orlando property listings through internet.
Can we have complete commercial activity of purchase and all transactions through internet in case of property? As per one of Orlando real estate agents, it is not possible to have such transactions. As per him, there is lot of paper work and technicalities involved in such high value deals. One can see all property through various websites of Orlando real estate services but market is not that matured to have entire deal through ecommerce.
Ecommerce gives a flavor of virtual market place and helps you to have selection or short listing. It can provide you with rates, flavor of market characteristics and various other features. Some of websites on Orlando MLS search help to provide you pictures of property and multi-dimensional view so that one can get a real feel of property.
But, systems are not developed to have online transactions as local government regulations and rules are applied. I believe we need to wait more.