The Future of Money in Real Estate

The Future of Money in Real Estate
A general view of the house where Harry Potter lived in the Warner Brothers film 'Harry Potter and the Philosopher's Stone' in Bracknell, England on July 22, 2003. Warren Little/Getty Images
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Money, including how we use and borrow it, has changed dramatically in just the past decade. Traditional payment methods are now peer-to-peer, contactless, and mobile versus cash, check, or plastic. We have primarily the internet and technology to thank for the new ways we conduct transactions. Now, imagine the future of money in real estate in the next decade.

The same potential impact can occur in places we use or put our money, such as real estate. Already, we are seeing new ways to pay for real estate that move beyond the traditional agent and financing model. Today’s trends point to what might change in the near future for real estate finance.

Greater Control for Homebuyers and Sellers

The biggest transaction trend has centered on the shift in power handing more control to the customer. It started with sites like LendingTree, which opened up more options in home lending. Instead of buyers being left to hope that a lender selected them, financial institutions started competing for their business. Since then, more businesses have adopted this model.