Buy Sell Contract Property Online

Really, how far away is the day when you can contract to buy property online?

1. Properties are listed for sale online - thats a given
   
2. Vendor disclosure and buyers completing due diligence online - have a look at 247legal.com.au
   
3. Make an offer to the vendor
   
4. counter-offer, offer, acceptance & consideration
   
5. Contract
   

Steps 3,4 & 5 are not that far away.

In fact, the US website www.buysiderealty.com is already doing Step 3. The site is bringing vendors, buyers and the agents together and bringing bringing qualified bidders to the table. You will need to register to make a bid. But have a look at the homes for sale in Hollywood as an example.