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House Poor, No More
Realtor.com launches industry-first monthly payment filter to help buyers stay on budget SANTA CLARA, Calif., Aug. 19, 2019 -- "How much can I afford?" is one of the largest decisions that faces every home buyer, no matter his or her budget or where he or she wants to live. Realtor.com, the Home of Home Search, today announced an industry-first monthly payment filter that helps buyers stick to their budget by hiding homes that exceed their target monthly payment, as well as two new calculators that help take the financial guesswork out of home buying. "At realtor.com®, we go beyond listings search to help people figure out what homes are right for both their lifestyle and budget," said Chung Meng Cheong, chief product officer, realtor.com®. "The fear of overextending themselves financially is one of the biggest concerns for today's home buyers. Our new cost calculators give buyers deep insights into what specific home prices mean for their bottomline, while our new monthly payment filter prevents them from seeing homes outside their monthly budget so they can stay on track financially." The new features include: "How Much Home Can I Afford?" Calculator for iOS, Android, and Web: Helps estimate your ideal home budget. Simply click "More" on the realtor.com® iOS app or "Mortgage" on the Android app. You can then enter your annual income, monthly debt, desired down payment, and location and realtor.com® will help you calculate a target home price and estimated monthly payment based on current interest rates. Results include the full range of homes you can afford and allow you to customize your budget to be more conservative or aggressive. "Monthly Cost Calculator" for iOS and Android: Provides you with a detailed and transparent look at the estimated monthly payments on a new home. First select "More" on the realtor.com® iOS app or "Mortgage" on the Android app and tap "Monthly Cost Calculator." Then enter the anticipated home price, anticipated down payment, and any other parameters such as loan type, interest rates, etc. and realtor.com® will help calculate your total estimated monthly home cost and break it down by category. If you aren't sure about some of the information, the feature will use averages that you can update later. The calculator is also accessible from the Listing Details Page on the iOS and Android apps. Monthly Payment Filter for iOS: After you determine how much home fits into your monthly expenses, the realtor.com® Monthly Payment Filter can help you stick to your budget by filtering out all the homes that are estimated to exceed your range. Simply enter a home search, tap "Filter" and select "Monthly Payment" to enter your expected down payment and target monthly mortgage budget. The app will then return all the homes currently on the market that meet your search and approximate budget parameters. This feature, a first among national real estate portals, is especially helpful for first time buyers who are used to paying monthly rent, but have trouble budgeting based on total home price. This feature will be coming soon to the realtor.com® Android app. For more information about these tools, please visit: https://www.realtor.com/homemade/finding-the-right-home-and-the-right-price-for-you/ About realtor.com® Realtor.com®, The Home of Home Search℠, offers the most MLS-listed for-sale listings among national real estate portals, and access to information, tools and professional expertise that help people move confidently through every step of their home journey. Through its Opcity platform, realtor.com® uses data science and machine learning to connect consumers with a real estate professional based on their specific buying and selling needs. Realtor.com® pioneered the world of digital real estate 20 years ago, and today is a trusted resource for home buyers, sellers and dreamers by making all things home simple, efficient and enjoyable. Realtor.com® is operated by News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc. under a perpetual license from the National Association of REALTORS®. For more information, visit realtor.com.
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Start 2018 with a Bang!
Happy New Year! Chime brought you a number of awesome new tools and features in 2017. We'd like to point you to just a couple of those FREE resources to help you kick off 2018 with an eye toward smashing successes! FREE eBook: Building Teams 2018 may be the year for you to start building an effective real estate team. Back in April, we launched a great resource, How to Build a Real Estate Team from the Ground Up. With this eBook, you can learn how agents are starting their own teams with actionable plans. You'll discover the pros and cons of different team leadership models, who you'll need to hire first, the expected ROI each team member brings, and what tools you need to run your top performing team. Check it out! FREE Budget Calculator Use our handy calculator tool to quickly determine what needs to be fed into the top of your funnel in the way of prospects in order to generate the desired number of transactions to achieve your desired salary. It's critical in your real estate agent career that you not only cover your real estate agent expenses, but your personal living costs as well. Once you've figured out what you need to survive personally and in your business, then you can perform the behaviors and marketing activities that will hopefully make those income goals come to fruition. To view the original post, visit the Chime Technologies blog.
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Onboard Informatics Launches Powerful New Automated Valuation Model Designed for Millennials
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