House hunting? Download these applications first

 

"There has been a revolution in innovation," said Alex Periello, CEO of Realogy Franchise Group, which has sponsored a conference last month with several new technologies in real estate.

Matterport, Mountain view, California, recently unveiled 3D Showcase, which produces high-quality images, 3-d houses that can be embedded in the ads online. Users can walk virtually piece by piece, behind sofas, around beds and past the corners. (For an example, click here.)

Related: less 10 pointed Out cities

Then, at a click of a button, walls peel away from revealing a photographic image of the House with all exposed areas. 3D image can be turned, rotated and zoomed in on.

CEO of Matterport, Bill Brown, said that, so far, list of sites usually contain slideshows of photos but, 'did there were no namespace context as a whole."

Furniture can be erased, leaving empty space. Or, it can be replaced with other furniture to re - organize the rooms. Buyers can see what would look like the place after having buy and put in sofas, chairs and a table they choose.

"This is part of the dream of hunting of the House and takes it to the next level, said Sherry Chris, CEO of Better Homes & gardens Real Estate."

Related: Can how much house you afford?

Meanwhiles, to avoid open houses crowded where you can not get a response to your questions, or agents who do not know the property, a company called BrightDoor offers Beamly.

It uses small Bluetooth devices located throughout the House to send information through their mobile phones or other devices home shoppers. When a buyer goes in the kitchen, for example, they can learn about the devices or the wood cabinets options at their disposal.

 

With Boston CO Everywhere, users with equipped with Bluetooth mobile devices can draw borders around the interactive maps of the districts, they want to enter, and the site will display a table of the contents of local social media Twitter, Instagram, and Facebook in this region. She also posts of the local Meetup and treaty events and coupons to local businesses through sites like YipIt.

"It's like the NSA for real estate," said Tony Longo, CEO of CO everywhere.

Calculator: cost of living: how far will my salary go?

Longo has called a zone of two blocks of Greenwich Village in New York and found 49 people, he was able to connect with at this time. "Social intelligence that comes out of a zone can be rich," he said.

Zumper, which specializes in the rental, has produced Zumper Pro app that helps agents quickly create ads online in a few minutes. Officers using their smartphones or tablets, can take pictures, write descriptions and fill in the details, such as the number of bedrooms, bathrooms and square feet.

Then, even before leaving the apartment, agents can validate the registration online and send alerts to potential tenants with the $ $ app a new place is on the market.

First published: 8 July 2014: 6: 54 et

House hunting? Download these applications first

 

"There has been a revolution in innovation," said Alex Periello, CEO of Realogy Franchise Group, which has sponsored a conference last month with several new technologies in real estate.

Matterport, Mountain view, California, recently unveiled 3D Showcase, which produces high-quality images, 3-d houses that can be embedded in the ads online. Users can walk virtually piece by piece, behind sofas, around beds and past the corners. (For an example, click here.)

Related: less 10 pointed Out cities

Then, at a click of a button, walls peel away from revealing a photographic image of the House with all exposed areas. 3D image can be turned, rotated and zoomed in on.

CEO of Matterport, Bill Brown, said that, so far, list of sites usually contain slideshows of photos but, 'did there were no namespace context as a whole."

Furniture can be erased, leaving empty space. Or, it can be replaced with other furniture to re - organize the rooms. Buyers can see what would look like the place after having buy and put in sofas, chairs and a table they choose.

"This is part of the dream of hunting of the House and takes it to the next level, said Sherry Chris, CEO of Better Homes & gardens Real Estate."

Related: Can how much house you afford?

Meanwhiles, to avoid open houses crowded where you can not get a response to your questions, or agents who do not know the property, a company called BrightDoor offers Beamly.

It uses small Bluetooth devices located throughout the House to send information through their mobile phones or other devices home shoppers. When a buyer goes in the kitchen, for example, they can learn about the devices or the wood cabinets options at their disposal.

 

With Boston CO Everywhere, users with equipped with Bluetooth mobile devices can draw borders around the interactive maps of the districts, they want to enter, and the site will display a table of the contents of local social media Twitter, Instagram, and Facebook in this region. She also posts of the local Meetup and treaty events and coupons to local businesses through sites like YipIt.

"It's like the NSA for real estate," said Tony Longo, CEO of CO everywhere.

Calculator: cost of living: how far will my salary go?

Longo has called a zone of two blocks of Greenwich Village in New York and found 49 people, he was able to connect with at this time. "Social intelligence that comes out of a zone can be rich," he said.

Zumper, which specializes in the rental, has produced Zumper Pro app that helps agents quickly create ads online in a few minutes. Officers using their smartphones or tablets, can take pictures, write descriptions and fill in the details, such as the number of bedrooms, bathrooms and square feet.

Then, even before leaving the apartment, agents can validate the registration online and send alerts to potential tenants with the $ $ app a new place is on the market.

First published: 8 July 2014: 6: 54 et

These Questions Could Help You Decide Whether To Rent Or Buy A Home

AppId is over the quota
AppId is over the quota
Justin Sullivan / Getty Images

A home is one of the biggest financial commitments most of us will ever make — so it's understandable that we might get a little stressed over what seems like a straightforward question:

Should I rent or buy?

To try and ease that anxiety, we spoke with a mortgage expert and a certified financial planner to get their take on when buying a home is in your best interest.

While there's no universal "right" answer, start your decision process by asking yourself these five questions:

Having the money for a down payment is only the first step. Next, you need to make sure you can afford to pay your mortgage … and costs like utilities, maintenance, furniture, taxes, and inevitable surprise costs like emergency replacement of the broken boiler.

"Understand what you're getting into," says certified financial planner Mary Beth Storjohann of Workable Wealth. "You have to be able to afford to purchase and maintain the property, and expect that your bills will change on a monthly basis."

Plus, she points out, you'll need to be able to pay all of the fees during the buying process. "The best thing you can do is educate yourself," she advises. "If you don't do your research, making the wrong decision to buy could really set you back financially."

Rent if: You don't have the money saved to buy and carry a home.

Buy if: You'll have the cash to cover the initial transaction, plus the ongoing costs of homeownership.

To be in a financial position that's secure enough to responsibly to buy a home, explains Mortgage Hippo CEO Valentin Saportas, you need:

Decent credit ("You don't need perfect credit or even good credit," he says, "but generally above 620 you can qualify for a conventional loan.")A stable income Moderate liabilitiesEnough cash on hand to cover down payment and closing costsLiquid assets as financial reserves

When Saportas says "financial reserves," he's talking about an emergency fund. It's not a good idea to scrounge every penny from each of your accounts for a down payment, leaving yourself without a safety net for an emergency or hobbling your retirement savings.

"I wouldn't recommend that someone without an emergency fund buy a house," cautions Storjohann. "It really sets you up for trouble when you wipe out your savings to reach this goal and don't have any money set aside."

Rent if: You can't check off one or more of the above bullet points, or if buying would completely wipe out your savings.

Buy if: You're financially secure outside of your home savings.

While buying a home is a major financial accomplishment, it's unlikely that it's the only one you ever intend to make. Storjohann remembers a client and her husband who were "really gung-ho on buying their first home." But after getting a financial plan and seeing exactly how much money they would need to lay out, they decided to postpone their purchase for another few years in order to finance their other financial goals, like starting a business.

"It's all about breaking it down into steps, and getting clear on the numbers," says Storjohann. "If you have any major life transitions coming up, you may want to hold off and see what happens." How will your home purchase affect your pursuit of your other financial goals?

Rent if: You're currently prioritizing other financial goals above homeownership.

Buy if: Homeownership is your primary financial goal, and you're both aware of and comfortable with how the cost will affect your progress towards your other goals.

This isn't a financial question, but a lifestyle one: If the sink springs a leak, the yard needs to be mowed, the door handle breaks, who deals with it? It won't be your landlord or super, Storjohann points out, so either you'll need to DIY or find the cash to hire someone.

Rent if: You want someone else to step in when things get complicated around the house.

Buy if: You don't mind dealing with the increased chores that come with being your own landlord.

Different experts have different estimates, but generally, it's recommended that a homebuyer spend at least four to five years in a home to offset the costs of buying.

But aside from the numbers, "buying a home is as much an emotional decision as it is a financial one," says Saportas. "Of course, you must crunch the numbers to determine whether buying makes financial sense, but it's just as important to feel that you're in a place in your life where buying just makes sense. It's no coincidence that most people seriously start considering buying a home when they get married and are comfortable with the idea of settling down and raising a family."

Rent if: You're unsure where you'll be in the near future.

Buy if: You expect to be in the same place for a few years and want to own your home.