Have you ever been showing a house to a homebuyer and had them ask you what their total closing costs would be? Wouldn't it be great if you could answer that question right on the spot?
Now there's an iPad app that produces a detailed picture of cash to close and monthly mortgage payments for homebuyers as well as cash in pocket for home sellers. It's available for free download in the App Store.
Close It is sort of like Turbo Tax for real estate agents. We've tested the results over and over, and they are accurate within 0.1 percent on average.
Getting started with the app is as easy as entering a purchase or sales price. Then fine tune the results on a live, dynamic worksheet and instantly narrow down cash to close or cash in pocket within hundreds of dollars or less.
Close It! produces a HUD-1 Settlement Statement users can save, edit and email as a PDF with the option to include their headshot and contact information – a nice marketing tool for agents and lenders in particular.
Title professionals across the country have used technology like this in-house for years now, but Close It! is the first app that makes it easy for agents, lenders, homebuyers and sellers to produce a HUD-1 Settlement Statement – such as what would be reviewed and signed at the closing table – right from their mobile device.
Releases for iPhone, mobile Web browsers and Android are in the works.