The best iPhone and iPad apps every home buyer needs to better prepare for financing, communicate with realtors, and get to the closing table!
Looking for the best iPhone apps to assist in purchasing your next home? Whether you're a first time home buyer or you're flipping houses fast and furiously, making the process as efficient and stress-free as possible is a huge win for everyone involved. From getting approved for financing to finding the perfect home(s), to negotiating price, there's a lot of work to be done for both you and your realtor. The App Store has lots of apps to help home buyers, but which ones are the absolute best?
The Realtor.com app for iPhone pulls in homes for sale from over 800 different MLS databases. Almost all of them are also refreshed every 15 minutes. That means you get pretty much up to the date information on properties that come on the market almost every hour. The Area Scout feature in Reator.com also lets you view average values in specific areas so you know exactly what you can expect to pay and what you can expect to sell for.
If you want the most up to date MLS listing in the most areas of the United States, look no further than Realtor.com
Redfin lets you search for properties in over 30 different metropolitan areas across the United States. One of the unique features of Redfin is that you can view a lot of information on a home that you can't anywhere else, such as agent insights. If a realtor leaves notes on a home, you'll be able to see them. Redfin also pulls in about 20% more agent listed properties than any other real estate app available.
If Redfin is available in your area, you'll definitely want it in your home buying app collection.
Mortgage Calculator and Mortgage Rates by Realtor.com
Before you start looking for a home, it's a good idea to know exactly what you can afford. Mortgage Calculator and Mortgage Rates by Realtor.com lets you input your income and other information and then lets you know what you can reasonably afford. You can also grab mortgage rates from many different sources all in one place.
If you're shopping around for mortgage rates and need to figure out what you can afford, check out Mortgage Calculator and Mortgage Rates by Realtor.com.
Before searching for a home, it's important to be sure you can get financing (unless you're paying cash). A lot of realtors will even ask for a pre-approval letter from a bank before they will begin showing you homes. Credit Karma is a great tool that's available for free and can give you an estimated score that's provided by TransUnion, as well as an overview of how your score was calculated. What a bank sees may be a little different but the general consensus has been that Credit Karma is fairly accurate and generally within a few points. I pulled my own credit and then checked with my bank and both were within 10 points of each other.
Homesnap lets you snap a picture of a home in order to view information about it. Instead of searching in your area and then going to look at houses, if you see a house for sale that interests you, Homesnap can tell you all about it. You can see at a quick glance basic details such as bedrooms, bathrooms, and square footage. Homesnap also provides a range in which it thinks the property will most likely sell for to help you gauge whether you are underpaying or overpaying. Homesnap also gives a score of how well that property could produce cash flow for investors.
If you're looking for a quick and easy way to find information on any property for investment purposes, do it with a single photo via Homesnap.
Everyone is a little different when it comes to buying a home since no one's situation is identical. Did you use any apps when buying a home that really helped you gain information or communicate with realtors, brokers, and banks better? Let us know in the comments!
Note: Originally published August 2013. Updated June 2014.