Real Estate Computer Software

Definition of "Real estate computer software"

Harriett  Love
  Carrington Real Estate Service

  1. 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.
  2. 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.

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