Then there are apps aimed at helping Realtors with their business. Many agents and brokerages use BackAgent, Skyslope and similar transaction management apps to help stay organized. Docusign is a popular app that gets signatures from clients on the go. Staging apps like PlanOmatic and Hutch help with marketing a property. Roomscan lets agents measure and record floor plans. The list goes on.
And there are also apps provided by title companies. Most of
these are aimed at helping Realtors determine closing costs for a particular
property. The really good apps allow agents to run an estimated net sheet for
their clients.
A net sheet shows closing costs and title fees for a
transaction. A seller’s net sheet lets them know how much they will walk away
with at closing. This can be very helpful when comparing multiple offers or
negotiating terms of a contract like closing date or who pays for what.
A buyer’s net sheet allows a buyer to get an estimate of
their total monthly payment for a particular property in addition to how much
they will need to bring to closing. In order to obtain an estimated net sheet,
either party will need to know the sales price, closing date, and other terms
of the contract.
One of the easiest and most popular apps for determining
closing costs is run by PalmAgent. It is branded under different title company
names and several area title companies offer it free to agents. This app is
found via fidelityagent.com, chicagoagent.com, carlisleagent.com,
lawyersagent.com, etc.
While the basic app is free from these companies, a premium
version is available for less than $15. With that one-time purchase, agents can
calculate renting vs. buying figures, monthly affordability, market trends, and
more.
Naturally, these calculations are only estimates. For more
exact figures on closing costs, contact your favorite title agent. But if
you’re on the go and want a quick idea of the cost to buy or sell, these apps
are a handy tool.
The opinions expressed are of the individual author for
informational purposes only and not for the purpose of providing legal advice.
Contact an attorney to obtain advice for any particular issue or problem. [where: 75230]
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