Real Estate Calc app review: quickly breakdown the numbers

Introduction

Because most people aren't buying big ticket items such as a house on a regular basis, breaking down the numbers in your head isn't really practical. The Real Estate Calc app for your iPod touch, iPad, and iPhone provides users with a way to figure out all kinds of calculations that relate to home buying and selling. The app can be used by anyone currently in the market and professionals such as real estate agent, mortgage brokers, and more. This is meant to be a quick and user-friendly tool.

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Why Use the App

The Real Estate Calc app is intended for anyone who is currently looking to buy a home, sell a home, or works in the real estate industry. This app provides you with quick and simple calculations while on the go, such as when you’re walking through a home. There are a number of calculations that it's capable of, all of which can be customized by filling in the fields that you have information for. Obviously this app can’t replace actually going into the bank and getting solid numbers but it at least gives you an pretty good idea of what the numbers will be.

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Once you purchase the app there is one additional in-app purchase available which gives you access to the mortgage amortization tool. This is available for $0.99. The app currently has four out of five stars despite the fact it hasn't been updated in over two years. It appears it’s still getting the job done and providing users with the information they need. The one negative comment that a few have pointed out is the sound effects which get pretty annoying pretty fast.

Using the Calculators

Of course the whole point of the Real Estate Calc app is to make use of the various calculators. With this app you'll be able to figure out what the monthly mortgage payments will be, use the cash flow calculator in order to figure out if you're going to make money off the property or lose money (ideal for investors), and the commission calculator which can be used by real estate agents. As well there is a loan qualifier tool that makes it possible to figure out how much you need to make in order to qualify for the purchase price. If you make the additional in-app purchase for the mortgage amortization chart you'll be able to figure out the monthly breakdown over the duration of the entire loan.

Pros and Cons

Pros

• Make use of a variety of calculators
• Get fast calculations even on the go
• Share information by email
• The app can be used by anyone who is selling or buying a house, as well as professionals in the industry
• The user interface is smooth and user-friendly

Cons

• There haven't been updates in a couple of years
• The app lacks a bit in content

Final Thoughts

The Real Estate Calc app for your iPod touch, iPad, and iPhone can help you when it comes to make decisions in the home buying process by giving you quick estimates on a variety of important calculations.