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Friday Freebie: Mortgage Calculator and Amortization Schedule Tool
"How much?" is a question you'll hear a lot when helping a client buy a home. How much is the asking price? How much should we offer? How much can I afford? While we can't help you with the first two questions here today, we can help you help your clients understand how much they'll be paying every month. In this week's Friday Freebie, get two tools to help your clients compare the mortgage costs of up to five homes that they're interested in purchasing. Free Mortgage Payment Calculator + Amortization Schedule Tool, courtesy of Zurple The listing price of a home is one thing, but the monthly costs of a mortgage plus property tax, insurance, and HOA fees are quite another. Whether you need to help buyers understand which properties fit into their monthly budget or you want to lure prospects, these free tools from Zurple can help you out. The mortgage payment calculator and amortization tool is a downloadable spreadsheet that lets you: Compare up to five properties side by side See the estimated monthly cost of each property Review a variety of different loan options See a full amortization schedule Calculate the owner equity based on a specific year Leverage this tool by sharing it with clients or using it to walk them through their options before placing an offer on a home. The spreadsheet can also be uploaded to your website or a place like Google Drive to attract leads. Download your FREE copy of the Mortgage Payment Calculator + Amortization Schedule Tool now!
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Homesnap's New 'Sell Speed' Tool Predicts How Quickly a Home Will Sell at Different Price Points
Homesnap on Monday announced the debut of Sell Speed, a proprietary artificial intelligence algorithm composed of hundreds of up-to-the-minute real estate market data points that predicts how quickly a home will sell at various prices. This new feature gives agents confidence in recommending price levels in a rapidly-changing real estate environment. Currently available in beta to Homesnap Pro and Homesnap Pro+ users, Sell Speed helps agents better understand their market and develop pricing strategies. Agents can view the Sell Speed of their current listings or any off-market property. With Sell Speed, agents can: Advise sellers on pricing strategy and likelihood to sell: Agents can use Sell Speed to help their clients set realistic goals and expectations about the price their home can command. Agents can illustrate how price variations affect the timeliness of an offer and guide their clients toward striking the ideal balance between asking price and days on market. Enhance listing presentations with pricing insights: Agents can use Sell Speed to identify the ideal property list price for an off-market property. By arming themselves with accurate, data-driven pricing models based upon proven market predictors, agents can win more listings. Use Sell Speed to assist buyers in negotiations (Pro+ agents only): Homesnap Pro+ agents can access the Sell Speed on any listing – even if they are not the listing agent. Pro+ agents can leverage Sell Speed as supporting evidence to prepare offers and facilitate negotiations. "In this intense housing market, pricing homes accurately is more important than ever. Sell Speed was designed to help Homesnap agents amplify their market knowledge both to keep their current clients informed and at ease and to secure potential clients," said John Mazur, Homesnap CEO. Agents can adjust a home's price up to 30% in either direction of the list price or estimated home value. As the price is adjusted, the selling probability timeframe dynamically updates to produce the estimated time in which the property will sell. Unlike other price-predictor tools that can cause confusion with clients and home searchers, Sell Speed is not consumer-facing and is available only to Homesnap Pro agents. "We consider Hundreds of data points to produce the Sell Speed of a home," said Guy Wolcott, Homesnap Founder. "Homesnap's proprietary machine learning algorithm takes current market conditions, similar listings, recent sales, buyer activity and listing agent behavior among others into account to produce the Sell Speed." The Sell Speed agent tool is currently in beta and available on web, iOS and Android devices to registered Homesnap Pro agents. For more information, visit www.homesnap.com.
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Friday Freebie: Lead Generation and Marketing Budget Calculator Tool
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Homesnap Launches New Net Sheet Calculator: Tell a Seller How Much They Could Make Today
Homesnap has just released a Net Sheet Calculator. With just a few clicks, you can send your clients an easy-to-ready Net Sheet PDF. This PDF includes individual costs, total costs, and net proceeds. You can find this new tool on Homesnap Pro, where you can find the rest of our on-the-go tools.
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Impact of the Absorption Rate in Real Estate
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10 Things You Probably Didn't Know Google Could Do for You
It's not often that a company provides a service so popular that it becomes a verb, but you probably have heard the phrase "Just Google it" many times. Doing a search using Google has become part of most people's daily routine: there are 4.4 billion worldwide searches every single day. But did you know that Google is much more than just a search engine? It is also a highly complex math calculator, a real-time currency converter, a sophisticated multi-lingual translator, a digital dictation machine and more. In fact, Google has so many hidden talents built into its search bar, these five may be only scratching the surface of what Google search can do for you. Here are five things that you can do with Google search shortcuts that you may not know about, but may save you an enormous amount of time.
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Find the Local Market that Offers the Best Growth Opportunity
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How to Set Your Goals Now for More Commissions in 2017
It's a safe bet that most agents would like to earn more money in the year ahead, but do you have a plan for how you can step up your game in 2017? We're not talking about simply having vague goals in mind, but instead formulating a tangible plan that includes hard numbers for how many transactions you need to close to hit your income target, as well as how many leads you need to engage to generate those transactions in the first place. Or, as we say in the RE Technology offices, you need to plan your work and work your plan! Fortunately, with a little guidance, this is simple to do—and, it's a great time of year to start planning ahead. Here are a few things you need to keep in mind when formulating a plan for 2017: 1. Establish your baseline Before you figure out where you want to go next year, first you need to figure out where you've been. How much commission did you earn last year? From how many closed transactions did you earn this commission? How many buyer transactions closed? How many listings? Once you've figured this out, you can begin to visualize how many more transactions you need to close in 2017 to hit your income goals.
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What is a real estate client really worth to you? (Hint: it’s more than you think!)
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Weekly Video Tip: Golden Hour Calculator
We keep telling you to shoot your exterior footage at "golden hour." Golden hour this, golden hour that, shoot at golden hour or your footage will look bad! It won't, but you can take advantage of the natural beauty of the sun's light by shooting at specific times of day that yield the softest, and some might say best, quality of light. And the absolute easiest way to plan your shoots is to use the Golden Hour Calculator by Roger Moffatt. The website takes all the guesswork out of it for you. You don't need go to weather.com to look up the sunrise info, just go to golden-hour.com and all the work is done. The site will take a guess at your location, but if it's not right, simply navigate around the map, or use the dropdown menu on the right to select the closest location to you and the information will adjust.
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