The importance of Homebot for Perspective Homeowners
If you are currently renting and are potentially interested in homeownership in your future, Homebot is a tool that could really help. If you are not familiar with Homebot, it is a dashboard that is full of important data for any homeowner or potential homeowner.
Homebot delivers a personalized, up-to-date home value and financial strategy right to your inbox. Click the button below and input a property address of interest along with your email address. A home report for that property will be sent your way. Inside of that report, you will find impactful information that we will dive into soon.
In short, Homebot for perspective homeowners is important because it helps them make smart decisions and build wealth.
What Homebot shows perspective homeowners
Why perspective homeowners should want a homebot report?
Before we dive deeper into what exactly the Homebot home report shows, we will touch on why a perspective buyer would care about this data. If you, for example, are renting, you may have the goal for future homeownership. Or if you are currently living with family but saving up to buy your own place someday, that same goal of future homeownership is also there.
With homeownership on the horizon, figuring out the market, what homes in a certain neighborhood are worth, what your estimated mortgage payment could be, and current interest rates are all important things to consider as a perspective buyer. Knowing the market lets you in on how much you need to save and where you need to be financially in order to become a smart and prepared homeowner.
Find An Accurate Estimate of the Home Value
First, it shows us the current estimated value of the home. For perspective homeowners, this is important to know when looking around for which neighborhood suits you best. Homebot gives you the option to look at trends by zip code. Their chart shows you if that particular zip code includes homes that are easier to sell or easier to buy. It also shares the average amount of days that homes are selling in that area as well as the stats on how many beds, baths, and square footage the average home has in that area; all important things when zeroing in on which area fits your needs and wants best.
Ability to Estimate the Terms of Your Home Loan
Once you have a desired area narrowed down, we can start looking at financials such as interest rates and current loan terms offered, whether that be a 30-year fixed, 10/1 arm, or a 25-year fixed. These pieces of information will give you an idea of what you can expect your future mortgage payment to be. Although the market is constantly changing and those rates will likely be different by the time you are ready to make that purchase, this gives you a general ballpark of what to expect.
Get Information on How to Cashflow Your Property
Homebot even takes things a step further if you want to break into homeownership and then rent out that property to generate cashflow. There is a tool on the report that allows you to dive into the rental realm to gauge how marketable your desired property would be as a rental on Airbnb.
Accurate and Free
Homebot provides an enormous amount of information to both the current and perspective homeowner and one of the best parts to that is that Homebot is constantly updating, giving you the most accurate information and data. Homebot is a tool provided to you for free; again, all that is needed is a property address and your email address. Homebot is also a great tool to share with your family and friends so they too can keep tabs on details of their real estate. Who wouldn’t want to know the worth of their home, what next steps they could take, and other key features about such a high-dollar asset?
Owning real estate is a step that many people decide to take. If you are currently not a homeowner but desire to be one, planning is critical. The last thing you want to do is buy in an area that ends up not fitting your needs, not staying current on what interest rates are, or not being prepared for the amount of funds it will take to get you into that world of homeownership.
Homebot helps you stay on top of things before you even cross that bridge to homeownership with their smart technology and valuable information. At Beacon Lending, we rely on Homebot as a tool not only for you, but for us. Homebot allows us to keep tabs on home values and the overall feel of the market. Homebot is extremely personalized and really shows you valuable information without unneeded fluff. If you ever have questions navigating your way around Homebot or how to get started in any aspect of homeownership, we are always here to lend a hand.
We look forward to working with you soon!
About the Author
Brian Quigley has been in the Denver mortgage industry since 2003. Customer satisfaction has been his top priority while guiding clients through the home loan qualification process. He is proficient in all types of mortgage financing including FHA/VA, Conventional, USDA, Jumbo, Portfolio, 1031 Exchanges, Reverse Mortgages, Refinancing, Construction loans, and FHA 203K loans.