PropertyTracker.com
Real Estate Tools' PropertyTracker.com is a web-based service that helps real estate agents and investors to evaluate potential properties before they buy or their client buys. It also allows investors to track the properties that they already own. PropertyTracker.com includes the following two tools: Property Evaluator and Property Tracker. The web-based version of Property Evaluator is similar to the iPhone version. It shows all of the factors that real estate pros use to compare different properties and mortgage options in a simple report. Property Evaluator takes the guesswork out of finding the best deal. The Property Tracker tool keeps track of investor's monthly income and expenses for the properties they already own. With the click of a button, they can create a Schedule E for their taxes, and a Schedule of Real Estate Owned for their loan applications. Property Tracker also includes online document storage, a contacts database with correspondence logs, and calendars that show their leases, management contracts, insurance policies, and rent received. Property Tracker helps investors prevent things from falling through the cracks, and maximize the profit on their real estate investments. Features include: View a map or satellite photo Compare cost ad rent per square foot with other properties in the area Upload your own picture Estimate income and expenses before homebuyer buys Compare different loan options Project cash flow, gross equity income and potential tax savings Analyze cash flow, total return on investment and potential tax savings
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RatePlug
RatePlug Marketing Program RatePlug enables the flow of real time housing payment information into MLS Property Search Systems in order to help Real Estate Agents & Homebuyers more effectively search for properties that fall within the Homebuyer’s affordability range. The system uses live lending data from lenders, who are referred by the participat- ing Real Estate Agents and Brokers, in order to render an accurate estimate of what the ‘total’ monthly housing payment will be for each property viewed. This information is critical to a buyer since 9 out of 10 buyers will require mortgage financing in order to purchase a home. The system also displays special financing options such as qualified FHA programs, USDA and other unique Lender portfolio products. RatePlug is currently being utilized by over 24 MLS organizations across the country supporting more than 500,000 Agents by improving the mortgage process for homebuyers. RatePlug’s goal is to provide better information to homebuyers at the very beginning of the real estate buying process so that sound, knowledgeable decisions are made about housing affordability. The system also includes marketing flyers for a participating Agent’s listings which the lender can create and deliver in seconds. This service is provided to the MLS organization & their Broker and Agent members at no additional cost.
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SmartClosing
Closing.com’s SmartClosing is a free calculating widget that you can embed into your website. Closing.com’s widget enables buyers to calculate their estimated monthly payments (including mortgage, home insurance and property taxes), their closing costs and the total amount of cash they will need to close their transaction. Sellers can estimate sale proceeds, while homeowners can calculate the cost to refinance their home in a few simple clicks. Potential home buyer or sellers can visit an agent’s website and use the widget to enter information about a house they would like to buy or sell. They can specify the price, number of bedrooms, square footage and more. The widget looks at local financial institutions that can provide the financial services the homebuyers or sellers need. The widget populates this list and includes the price of each service. Services can include: title companies, home insurance policies and more. By clicking one of the services, the widget calculates the monthly costs, closing costs, and the total amount needed when the transaction closes. Visitors to an agent or broker’s site can get an instant closing cost estimate. It will also show them where to cut corners, to save money. Users can add this widget to your website and brand it with their company logo. The SmartClosing Calculator is also available as an iPhone application, making it easy to estimate buyer’s costs and seller’s net proceeds with a few quick clicks, anywhere, any time.
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TLCengine
TLCengine crunches housing prices, cost-of-living data, and commute times in a bid to help families find the right balance. TLCengine estimates commuting costs using more than nine variables, including make and model of car, up-to-date prices at nearby gas stations, tolls and parking costs. TLCengine's algorithm also takes into account 31 lifestyle and affordability factors when searching for a home, including mortgage rates, property taxes, and area heating and cooling costs, as well as commute costs. The TLCengine tool provides users with: Personalized results that include user's actual commute times and costs Easy to view home energy costs and property tax info Results sorted by user's lifestyle and the places that matter most, like nearby schools, golf courses, fitness centers, or even a favorite cafe
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