Today, there are smartphone and tablet apps that allow you to take your research with you and look up information while you view properties. This is not only a time-saver but allows you to receive near-real-time data while you are looking at real estate.
There are several good mortgage calculator apps available for both the iPhone and Android devices. Mortgage Calculator ∑ is an easy to use calculator that will display simple calculation results, amortization tables, and important information such as cost per square foot.
Real Estate Dictionary
The Dictionary of Real Estate Terms is an app that helps the novice wade through the clutter of acronyms and terms commonly used in real estate. Pull up this handy app, look up the term, and possibly save yourself some money in the process.
There are many apps available to view MLS listings. The most popular ones are Realtor.com and Zillow. The primary difference between them is in the look and feel. The content is generally the same.
This type of app is handy if you are driving around a neighborhood and want to view a map of available properties. From there you can pull up all the relevant information to make a determination on what you would like to see.
Homesnap is a great app to research properties that you may be interested in but may not be currently for sale. You simply take a picture of the house and your phone’s GPS is used to determine the location and value of the house you are snapping a photo. This app also has a social media component so you can share your interests with others.
Let’s say you go view a home and are interested in the layout of some of the rooms. On the other hand, you are an investor and are looking to modify some of the space before flipping the house. An easy way to map the floor plan of the house is with a mapping app.
Magic Plan is an app that allows you to create a layout of any room just by taking pictures of it with your phone. The floor plan that is created can be emailed or download in several different formats.
Credit Score Apps
Many of the mortgage calculators will provide you with results based on your credit score. However, what is your credit score? Well, there is an app for that. Credit Karma is an app that provides you with your estimated credit score from TransUnion. The score displayed is generally within ten points of your actual score.
Several apps exist that provide information related to the location you may be considering. Quality of schools, shopping, health care, restaurant reviews and traffic are just a few considerations you will have in deciding on what are to consider for your new home.
Sites like Yelp and traffic.com have mobile apps available for you to research the community your prospective new home is.