askgauge.ca | Home Buying Made Simple

Why is the home buying process complex and time consuming?

Have you experienced being a first time home buyer?  Did you like it?

We know it’s hard but can you relive that experience for a moment.

Was that one of the most exciting and joyful experiences of your life? OR

Was it one of the stressful experiences of your life?

I was looking into buying a home. It took me almost a month and a half to find a suitable realtor and shop around for best mortgage rates. I looked at over 20 houses for three months,  I wasn’t sure if i should pursue a real estate lawyer on my own and whether hiring a home inspector would delay the process. Worst of all, I then had to reconsider my finances to ensure I had enough money to cover my down payment and closing costs as the house prices had gone up.

I was simply frustrated. First I thought it was just me, then one evening I was listening to the radio on my way back from work and the radio host was expressing the same frustrations as I felt. The listeners were engaged and they expressed their frustration regarding their home buying experience.

I was wondering, why the home buying process is complex and time consuming?

For most first time homebuyers, buying a home is one of the biggest financial investments in their lifetime especially in the current real estate market.  There is a lot to consider with regards to potential financial risks and unknowns.

The real-estate data isn’t easily accessible, even when you find the data analyzing it and interpreting the data is not as simple. The data enables and empowers a home buyer to get answers to simple questions based on their affordability such as location and type of property to consider. Furthermore, Home Buyers make decisions on multiple service providers throughout the home buying journey and buying a home begins with finding the right service providers. Easier said than done.

Something was missing. Today, we live in a world where information is available at the tap of our fingertips. Have you ever wondered, why buying a home is complex and time consuming?  Why can’t it be simple where all the relevant information is available to the home buyer? Why do we feel that there is less transparency with buying a home?

Technology today has changed the entire buying experience for better in many industries, so why are we sticking to the traditional way of purchasing a home. We know that buying a home can be an emotional decision, however it is most importantly a financial one.

If buying a home is the biggest financial investments for most consumers, why the process is so complex and time consuming?  Why does it take 3 to 6 months of research for an average home buyer? Why data is not easily accessible? Why not interpret and present the data to the homebuyers where it is easily understood? How do we take the guesswork out of finding your dream home?

At Ask Gauge, we are building a digital experience to make the home buying process simple for consumers and service providers. Our digital platform brings together an immersive online portal and connects home buyers with a team of experts in the real estate market while enabling home buyers and service providers to make faster, smarter and informed decisions.

We want to take the guesswork out of finding your dream home.  We are building an online community to collaborate and find the answers. You can join our pilot by going to www.askgauge.ca and clicking the Join our pilot button.

We are curious to know your home buying experience.

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