Real Estate Computer Software
Definition of "Real estate computer software"
- Database program that has real estate listings including property photographs. Real estate computer software allows real estate agents and brokers to search for a particular listing by characteristics. For example, an agent may wish to locate all listings of a ranch in a particular municipality having a two car garage, basement, four bedrooms, and two baths with an asking price within a certain range. Assuming ranch houses exist in the database having those characteristics, the real estate computer software will locate them and allow the agent to view and print them.
- General real estate calculation program including loan and mortgage amortization payments and schedules, present value, affordability calculations, mortgage qualifying analysis, adjustable rate mortgage amortization and payments, estimated closing costs, discount points vs. interest rates, interest paid in tax year, fixed rate loan calculations and mortgage payments, balance after Kth payment, accelerated payment schedule.
Popular Real Estate Terms
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Same as term capitalization rate: Also called cap rate or income yield. A useful way to compute the rate of return on a real estate investment. It equals the net operating income (NOI) for ...
Same as term spot zoning: Zoning a portion of land in a given area for different purposes than its surrounding functions. For example, a locality may decide to spot zone a vacant lot in a ...
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New cost less accumulated depreciation to date. ...
Loans that adhere to national guidelines by Fannie Mae, who buy the loans on the secondary market. Fannie Mae purchases mortgages to a certain dollar limit. Conforming loans typically ...
Lender's written statement and accounting for the remaining balance, date of maturity, and interest rate on a mortgage. The lender is certifying this information to the borrower or any ...
Expected market value of property if sold today. ...
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