The future of real estate?

Buying or Selling a home from your computer

A new Website from California will debut on Sept. 25 that will allow home sellers and buyers to haggle, cement a deal and see it through completion — all online, and all without the help of a real estate agent.

RealUmbrella is a patented system that will guide sellers and buyers through the home-sale process, from the initial listing to the final closing. Using a secure server, sellers who list their home through RealUmbrella will be able to view comparable listings on the site to set an asking price for their property, post their home listing on popular Web sites like Zillow and Trulia, and upload a schedule online of open house dates for buyers to see.

Using contract forms that are legal in each state, buyers will be able to make offers on homes, secure financing, and arrange for inspections and title searches. Because the site will allow for electronic signatures, the entire process will take place online. Theoretically, a transaction could take place without the buyer ever seeing the house, or the seller and buyer ever meeting in person.

See full story in The Wall Street Journal Online »

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