New Tools For Home Buyers
First, we have an iPhone application that has been created by Zillow.com that allows you to look up a listing while you are out and about. A lot of home searching is done on the move, driving around neighborhoods you are interested in. This way you can find out the price, number of bedrooms and bathrooms and the square footage without having to go home and log on your computer. This app uses GPS so the map can follow you.
InvestorLoft.com is a website with a new tool called PropScout that can help out those who are looking for the investment. There are those buyers out there who do not care what the house looks like, only what the house could be worth. Included are search filters that can find the biggest discrepancies between the listing price and the estimated value. They can also be ranked by amount of profit or percentage of profit.
Trulia.com has a new filter that enables consumers to search listings for price reductions. You can also look up the number of times the price has dropped, when it dropped, by how much and the percentage of the reduction. This way you can gage how desperate the seller is or if they are due for another price reduction.
Some say the future of real estate marketing is in video. Which is why YouTube and Coldwell Banker has started a channel where you can watch agents talk about real estate in their specific areas. It will even feature video listings which can offer greater detail of a home before you even head out to see it in person.
Finally we have Cyberhomes.com for a market report. This service costs $9.95 and offers projections for specific neighborhoods and includes 12- and 24-month price-change forecasts. It also reports the number of distressed, foreclosure and REO properties within a ZIP code and then compares that to the rest of the metro area and the state. You can also find the strength of your market and the predicted volume of sales in the next year.
http://money.cnn.com/galleries/2009/real_estate/0906/gallery.New_homebuying_tools/
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Tony and Libby Kelly, MBA, M.Ed. are ranked in the top 1% of REALTORS in Portland Metro. They have been featured on HGTV's "House Hunters" 3 Episodes & "My House is Worth What?" 4 Episodes. 
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