Real Estate Appraisal - Real Estate Calculators
June 30, 2009 on 2:01 pm | In Real Estate Appraisal | No Comments
Let’s recall now how real estate professionals used to calculate things! They used to write all the figures for calculation on a sheet of paper and then used standard calculators. The results were put back on the sheet and then realtors performed re-calculation to make sure everything was right. That way they figured out commissions, deposits, mortgages, investments and so on. Thus, the figuring process took greater part of time.
Let’s recall now how real estate professionals used to calculate things! They used to write all the figures for calculation on a sheet of paper and then used standard calculators. The results were put back on the sheet and then realtors performed re-calculation to make sure everything was right. That way they figured out commissions, deposits, mortgages, investments and so on. Thus, the figuring process took greater part of time.
Now you can save your time, as there’s software to help you calculate everything you need. Real estate calculators is the software to assist now any real estate pros, but property owners as well.
Real estate calculators are really important for realtors and other professionals related to buying and selling properties. If you are an appraiser and need to evaluate properties calculators for appraisers will help you a lot. All you need to do is adjust the software once and then use it applying the saved settings just substituting necessary figures. If you are a rental agent, Rent Calculator will be the best solution for you. This software is made for counting rental fees. Some of the software programs allow tracing history of cooperation and interlines on any property. Mortgage calculators will help you count and compare the variety of mortgage programs and loans secured on real estate.
Those dealing with real estate investment and involved either in building construction or in any other real estate deals will find Investment Calculators really helpful. The investment calculators allow counting incomes and margins.
Some of the real estate calculators can compare buying real estate versus rent, which is quite important.
If you ever used real estate calculators you’d never ended up counting the way it used to be again.
Go and get the software here:
http://www.pro-real-estate-software.com/real-estate-calculators.html
What is real estate management software?
If you own three or more real estate properties, managing them takes a lot of time. To make it easier for yourself you can either hire a person to manage your real estate or get one of the real estate management software programs.
Of course, it’s easy to hire a property manager. You pay him his salary or let him have commission off you rental income. This is not the worst choice, though quite expensive. As a matter of fact, you give this person or company the money that could be yours. How, in this case, is it possible to reduce the management expenses? The answer is - real estate management software. This will save your money and let you perform all the dos that normally took hours in few minutes.
How many properties can I manage with Real Estate Property Management Software?
Using real estate management software programs you can manage any number of properties. You can own three of them, thirty or even three hundred. With a few mouse clicks you can select a property and check its status. It’s also possible to calculate the required payments.
What options are available with real estate management software regarding payment calculation?
Calculation of payments that already took place and those to be completed on any of the properties you own. You can adjust your real estate management software program to remind you of the coming payment on a property. Moreover, some of the real estate management software programs have option of sending automatic notification to your renters about the approaching payment deadline. Another useful option of real estate management software is tracing the expiry dates of contracts and notifications about that.
Who else may use real estate management software?
Real estate management software can be used by private investors. These tools can be convenient assistants for real estate professionals as well. Application of real estate management software programs by real estate pros will give them greater advantages and bring more order in all the business processes.
Real estate management software means little investment in your efficient management.
Go and get the software here:
http://www.pro-real-estate-software.com/real-estate-management-software.html
What is real estate appraisal software?
Real estate appraisal requires precision and professionalism. Real estate pros are certain that it’s vitally important to objectively evaluate a property. Calculations with electronic tables are certainly just, but this usually consumes considerable amounts of precious time. Therefore, the best tool for real estate agents, brokers, appraisers, contractors and investors, as well as other professionals related to real estate, is real estate appraisal software.
What is real estate appraisal software capable of?
With real estate appraisal software you can easily and quickly perform any kind of calculation. Using real estate appraisal software you can create a database of properties that are to be appraised by yourself. Additionally, you can add descriptions of any properties and attach a corresponding image or a scheme of a property.
Is real estate software complicated in use?
As a rule, real estate appraisal software programs have user-friendly and handy interface that helps these powerful tools to become easy and clear in use. With real estate appraisal tools all the complicated terms and notions are simplified to make them usable not just for real estate professionals but for other people as well. You don’t need a degree for using real estate appraisal software. Tips and small video-tours showing every function in operation will make your work with the programs easy and fun.
How do I save my time with real estate appraisal software?
Owing to real estate appraisal software you can optimize your work and reduce the time you normally spend on appraising. Some of the programs support the great deal of appraisal peculiarities (like ‘neighbors’ for instance), that allows you to perform your appraisal not just of precise math, but all set logically.
Is there any real estate appraisal software for Palm OS and Pocket PC?
There’s real estate appraisal software specially made for Palm OS and Pocket PC’s allowing you to make fast and sharp calculations being right on a property you appraise. After coming back to the office, you can synchronize information on your Pocket or Palm with the database on a standard office computer. Even the toughest sides of appraisals are within the power of real estate appraisal software. Having made a sketch with the tool like that, you can paste it to any document or file, as well as save it as a separate JPEG-, GIF- or PNG-file and sand it via e-mail.
Thousands of real estate appraisers are already using real estate appraisal software! It’s high time to try!
Go get the software here:
http://www.pro-real-estate-software.com/real-estate-appraisal-software.html
Pro-Real-Estate-Software.com is aimed at providing information on real estate software programs for real estate agents, brokers, appraisers, property managers and other professionals, as well as people who are not directly involved in real estate business.
You will find information on real estate loan software, real estate management software, real estate appraisal software, real estate analysis software, as well as on real estate calculators and software for Pocket PC and Palm PC.
The information was initiated by the research our we made on the most frequently asked questions regarding real estate software. We tried to answer the question to help you take your decision when purchasing real estate software or downloading free of charge.
Go find the information you need in our Left Menu and learn what benefits you get from it.
Go and get here
http://www.pro-real-estate-software.com/
What is Loan Software all about?
Loan is a common way to purchase things - from a washing machine to real estate. Can you really make sure you’ve managed all the financial calculations right? Are you sure you are not spending your money for things you’d never need? How to check whether I calculate my mortgage rates right?
Is you are a customer, loan software will help you find the right answer to these and other important problems that have to do with loans.
What are the advantages of Loan Software?
Using loan software you can calculate your loan charges and check the precision of dues. The main purpose of loan software is to save your hundreds and thousands when someone made a mistake. Provide yourself with good rear in finances!
With the help of loan software you can do important calculations on your own and then print them on paper. Then meet your dealer and check how precise his calculations are if he’s clear with you. You can compare several loans and choose the one you can afford without spending too much. With loan software you can change deadlines to see how you can save money.
How do I use loan software if I deal with loans?
If you are offering loans and mortgages, you can use loan software to calculate monthly charges, dues and interest. Of course, you take care of your clients and you don’t want them to feel you cheat. Then you really need to use loan software. Loan software tools are relatively inexpensive. You can even find free downloads of loan software; however, most of the online resources will offer you free trials. But, look what you get! You can evaluate monthly payments, make amortization schemes, compare loans and working with accounts.
What are the extra options?
You can print the loan repayment history for any exact period. Loan software will give you an opportunity to check the final reports on gained or expected profits during the entire loan term, as well as for every consecutive year.
Professionals will have fun using loan software for Palm OS and Pocket PC. You will be able to perform any kind of calculation being at your client’s home or during the meeting at a restaurant.
Go get the software here: http://www.pro-real-estate-software.com/loan-software.html
From desktop to doorstep the Affinity Button - a new concept in armchair shoppingAndy KeyA recently launched shopping portal website, www.affinitybutton.com , is creating widespread interest in the UK offering visitors to its website a means of generating funds for a charity or good cause of their choice simply by browsing through the wide selection of products and services on offer through the website.
More than 200 charities and good causes have registered with the website since its launch in January this year, and visitors to the site are growing every day at a significant rate.
Give us a year, says Project Manager Andy Kay, and we aim to see every desktop in the UK equipped with one of our Affinity Buttons. They can be downloaded very easily, cost nothing and give our Buttonholders the chance to window shop from the comfort of home, see a range of great products on offer and raise money for their selected charity automatically whether they decide to buy anything or not. Every Buttonholder has a unique account with us, and can check exactly how much activity they have generated, and how much they have raised for their selected charity or good cause
The number of companies offering their products and services on the website is also growing very quickly. Everybody I speak to sees the tremendous potential of this website to attract business for them, says Andy, as the number of our Buttonholders grow, and very soon we expect our registered buttonholders to reach the million mark, anybody wanting to offer products and services to an on-line audience really cant afford to ignore this website. We can bring them hundreds, even thousands, of visitors after that, its up to them, and what they are offering, to attract business.
The Companys latest initiative, clicks for schools, aims to attract schools nationwide, their pupils and parents/guardians as Affinity Buttonholders, and is focussing on vendors attractive to this category of web shopper/browser. We are careful to ensure that all products and services offered through the Affinity Button website are entirely safe for all age groups to view, explains Andy. Whilst parents can set parental controls on what their children are able to view, we want to be sure that this sort of control is unnecessary so far as children visiting our website is concerned, and this policy is also re-assuring to our site vendors also.
For more information about affinitybutton.com and details of current promotions and offers available, telephone Andy Kay on 01260-299735 or e-mail andrew@affinitybutton.com
ABOUT THE AUTHOR
Andrew Kay
Project Manager
Affinity Online Ltd
email: andrew@affinitybutton.com
Tel: +44 (0)1260 299735
Real Estate Appraisal - Real Estate Appraisal - Do Your Own
June 30, 2009 on 2:00 pm | In Real Estate Appraisal | No CommentsFor single family homes, there are two basic methods used in real estate appraisal. They are replacement cost analysis, and using comparable sales. A third appraisal method, based on capitalization, is used for income properties, and is covered in another article.
In figuring replacement cost the question is: What would it cost to buy this land and put this house on it? If the land (improved) would cost $40,000, and the house could be built for $150,000, the value indicated would be around $190,000 - if the house is fairly new. If it has used up 10% of its useful life, you can deduct $15,000 for depreciation.
Replacement cost is not really a very useful measurement. It is difficult to say what the land is worth in a city center where none is left for sale, for example, and tough to gauge depreciation. It is used as a secondary method, and for unique homes that can’t be compared easily with others. The primary method of real estate appraisal used for homes is a market analysis using comparable sales.
Real Estate Appraisal 101
To get a good idea of what a home should sell for, you need to compare it to homes that have sold. Find at least three similar homes in the same area that have sold within the last year, preferably within the last six months. This information is available in the county records, or from a real estate agent with access to the MLS (multiple listing service).
Now the confusing part. You start with the selling price of each of your comparables. If your subject home has a second bathroom, and the a comparable doesn’t, you add the value of the bathroom to the sales price of the comparable. If a comparable home has a blacktop driveway, and the subject home doesn’t, you take the value away.
You are rectifying differences, to see what comparable homes would have sold for if they were like yours. So if a comparable sold for $140,000, and a bathroom is worth $15,000 in your area (ask a real estate agent for help with these figures), you ADD $15,000 for the bathroom it doesn’t have. Then you subtract, say $4,000, for the paved driveway it does have. This gives you a comparable sales price of $151,000.
You do this with all differences between the subject home and each comparable. When done, you average the three comparable prices. So if the three comparables have adjusted sales prices of $151,000, 162,000, and 149,000, you add the three figures and divide by three. The indicated value of the home is $154,000.
Of course all appraisal is an inexact science. If you can only find comparables sold over a year ago, you have to estimate appreciation in the area. If one sold with seller financing, you have to decide how this affected the price. For all of it’s flaws, however, for single family homes, this is the most accurate method of real estate appraisal.
About the author:
Steve Gillman has invested in real estate for years. To learn more, and to see a photo of a beautiful house he and his wife bought for $17,500, visit http://www.HousesUnderFiftyThousand.com
Real Estate Appraisal - Low Home Appraisals Threaten U.S. Real Estate Rebound by Scuttling - Bloomberg
June 29, 2009 on 5:00 pm | In Real Estate Appraisal | No CommentsLow Home Appraisals Threaten U.S. Real Estate Rebound by Scuttling - Bloomberg
June 24 (Bloomberg) — There may be another culprit scuttling a U.S. housing recovery: low home appraisals. Flawed appraisals are derailing real estate sales and depressing values across the U.S., the National Association of Realtors said yesterday
Roanoke firm to conduct Bedford County real estate reassessment - WSLS
Bedford County has awarded a contract to Roanoke-based Wingate Appraisal Service to conduct the upcoming reassessment of county real estate. The Board of Supervisors voted unanimously Monday to hire the Roanoke firm out of the five that made bids
Cambridge resident Timothy Warren inducted into Real Estate Appraisers - Cambridge Chronicle
Timothy M. Warren Jr., a longtime Cambridge resident, was recently inducted into the Massachusetts Board of Real Estate Appraisers Appraisal Hall of Fame. Warren was recognized for his exemplary contributions to the appraisal industry at the MBREA
Operating Systems Home Inspection (Real Estate Appraisal) from A to Z - DVD - Real Estate Home Inspector, Homeowner, Home Buyer and Seller Survival Kit Series
June 28, 2009 on 8:00 pm | In Real Estate Appraisal | No Comments
Operating Systems Home Inspection from A to Z - DVD - Real Estate Home Inspector, Homeowner, Home Buyer and Seller Survival Kit Series Don’t let your dream house be a nightmare in disguise! Everything you need to know about Real Estate - from Asbestos to Zoning. This 5-star rated DVD has over an hour of video and as an added bonus you also get the 80 page HIB DVD Companion Guide e-Book. This DVD shows the precise steps to follow to inspect all of the OPERATING SYSTEMS of a home.
The OPERATING SYSTEMS DVD topics include: heating systems (gas, oil, steam, hot water, and hot air heating), air-conditioning, water heaters, plumbing, well water system, septic system, electrical system, gas service, and auxiliary systems. Health Concerns topics including: asbestos insulation, radon gas, and water testing.
The INTERIOR and EXTERIOR inspection topics are covered in our other DVD that can be purchased separately. The INTERIOR and EXTERIOR DVD topics include: roof, chimneys, siding, eaves, gutters, drainage and grading, windows, walkways, entrances and porches, driveways, walls and fences, patios and terraces, decks, swimming pools, exterior structures, wood destroying insects, garage, kitchen, bathrooms, floors and stairs, walls and ceilings, windows and doors, fireplaces, attics, ventilation, insulation, basement/lower level, water penetration.
This is definitely the best home inspection DVD series on the market! Created by Guy Cozzi who is a licensed appraiser, home inspector, consultant, and real estate investor. This top selling author has been quoted as a real estate expert by the New York Times and many other publications. He has been a guest speaker on real estate investment TV shows for years. Guy Cozzi has taught thousands of people how to inspect, appraise and invest in real estate and provides advice to many banks and mortgage lenders.
Customer Review: Excellent DVD! We use this to train our home inspectors.
I own a very successful home inspection business in California. We use all of this authors products to train my staff since they are the by far the best products for real estate training on the market. We originally found out about these products through excellent book reviews in the local real estate publications. From that we learned the following details and decided to purchase the whole “Real Estate From A to Z” series by this author:
Nemmar Real Estate Training is ranked as the most exclusive real estate appraiser training, home inspector training, and real estate investor consulting service since 1988. Our real estate books, DVDs, CDs and Videos are rated number one in their real estate categories nationwide! Our products have taught thousands of home buyers, sellers, and real estate professionals worldwide. You too can learn everything you need to know about Real Estate - from Asbestos to Zoning. With this knowledge you will save thousands of dollars when you buy, sell, or renovate your home. You will also learn how to eliminate safety hazards and properly maintain a home. Statistics show an average savings of at least $4,700.00 per home for customers who have our books and DVD videos. Our real estate investment, home inspection, appraisal, and home improvement books have been called the “Bible” of the real estate industry. Written by Guy Cozzi, who has decades of experience as a licensed appraiser, home inspector, consultant, and real estate investor. This top selling author has been quoted as a real estate expert by the New York Times and many other publications. He has been a guest speaker on real estate investment TV shows and has taught thousands of people how to conduct home inspections, real estate appraisals, and how to invest in real estate. He also provides real estate advice to many banks and mortgage lenders.
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