TECHNOLOGY HACKS WHEN BUYING OR SELLING A HOME

Go ahead and speak to any mortgage loan officer or real estate agent that has been in business for more than 20 years or so. You�ll hear how mortgage companies used typewriters to complete mortgage loan document requests and how real estate agents literally kept listings on 3X5 index cards. Seriously. That happened. But today, it really is a whole other world. Today, the consumer is in the driver�s seat as information about a particular property, rates or the markets in general is really just a few keystrokes away. Here are some tech tips buyers and sellers can use.

Real Estate Portals. Go ahead, start your search. If you�re selling a property and want to get some idea of what your home might sell for before contacting any real estate agent, there is no shortage of real estate portals that can provide a list of homes for sale in the area you want to live. Your local real estate association keeps its own multiple listing service that is open for buyers and sellers to access. You can view homes for sale and in some portals even show what a specific property actually sold for. Realtor.com also has a huge database of homes for sale all across the country. Want to buy in California but live in Illinois? Boom. Hundreds of listings appear in your price range in the zip code you want. Trulia, Zillow and others show listings but also important consumer information such as price per square foot, median sales price and other data.

Mortgage Calculators.  When you�re shopping around for a lender and have one or two picked out, no doubt their websites have mortgage calculators that will provide monthly payments based upon the information you provide. While you may not end up at a lender where you used their calculator or even visited an aggregator site that lists rates and programs of multiple lenders. Don�t get too far though without speaking to a loan officer. Sometimes too much information is just too much information and at some point it might get confusing. Let a loan officer walk you through the process.

Social Media.  The advances social media has made over the past couple of years is nothing short of amazing. You can be on Facebook for example and suddenly see a paid post for something you recently searched for. If you�ve been looking at mortgage rates or viewing houses on your desktop or your mobile phone, don�t be surprised when certain advertisements pop up that look very, very familiar. More companies, more real estate agents and more loan officers are using social media more and more. As a buyer or seller, you can also take advantage of social media and you can be your real estate agent will too when listing your home.

As mentioned however, tech will only take you so far. You should use the web to start your search and get more information but at some point a real live person will step in. Don�t let the internet be your sole resource.

For more information or questions about mortgage loans,
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