Real Estate Transaction Calculator and HUD-1 Generator Free On Line

Tools you can use designed for Real Estate Agents.

While teaching classes to real estate agents in 2006 & 2007, I was surprised to discover how woefully inadequate most real estate agents are in quickly doing the math necessary to inform a buyer or seller about the costs involved in a residential real estate transaction.

It seemed unconscionable, but true, that buyers would sign on to binding sales contracts without fully understanding their costs and obligations, or that sellers would be left to imagine how much of their equity would come back to them at closing after expenses.

After creating a few "cheat sheets" to help agents better understand the mechanics behind the Buyers Estimate of Closing Costs or the Sellers Net Sheet, I eventually created the automated worksheets and distributed them to the agents. These proved very popular, as it turned this dreaded task into a few quick keystrokes on their laptops.

After leaving that management position and returning to residential real estate sales in 2007, I published these calculators to my website. I found that they were, by far, the most popular pages on our already popular website, and therefore I endeavored to improve them over the next few years, on a strictly part time basis.
As the industry & markets changed, there became a new need for real estate agents to be able to produce a preliminary HUD-1 statement in order to assist them in making short sale offers. Our latest offering does just that, in addition to providing detailed buyer and seller sheets, calculating payments, tax and HOA fee prorations, and other complicated mathematical computations.

Eventually, I will make this calculator available to others to run on your local machines, but as a beta, it is still in the testing and proving stages. Therefore, use the calculator at your own risk. I have checked it against actual HUD-1 statement from real closings, and it has so far been shown to be accurate. This calculator is designed to be an useful estimation tool, and is not designed to be real estate closing software.

If you are interested in Beta Testing the software and making recommendations about its accuracy and applicability to your own state or city, you may contact us here.

Thanks for looking! Now go sell something!

&nbs