Houzeo Launches Closing Cost Calculator Tool to Make Property Transactions More Transparent
Sep 5, 2021
Houzeo’s Closing Cost Calculator provides closing estimates for both home buyers and sellers. The calculator furthers Houzeo CEO, Amit Dhameja’s vision of bringing more transparency to home buying and selling. The calculator also highlights “iffy costs” that buyers and sellers should challenge.
September 5, 2021 /MarketersMedia/ —
Buying a house is as exciting as it can be stressful. The process of potentially winning a bidding war in this hot market, getting through inspections, appraisals, and lender requirements is anything but easy. But according to ClosingCorp, a leading provider of residential real estate closing cost data and technology, the real surprise for homebuyers lies at the closing table. Over 50% of homebuyers are surprised at their closing costs, with 35% realizing they are paying more than what they had expected.
Houzeo is attempting to change that by bringing more transparency to the home buying and selling process. The New York City-based startup just launched what it claims to be the “Most Advanced Closing Cost Calculator” in real estate that is built for consumers. This new product allows home buyers and sellers to review their estimated closing costs upfront. The product also highlights items that some unscrupulous parties to the transaction may sneak in. Houzeo refers to these as “iffy” costs.
Houzeo home sellers have closed on thousands of properties. As the number of closings on the platform grows, the company is devoting resources to work with various settlement agents and recalibrate the calculators. In addition, both the Seller Closing Cost Calculator and the Buyer Closing Cost Calculator will have the capability to be programmed for costs at a very granular level. This allows the calculators to estimate taxes and fees applicable to a property by the state, county, and city of the property’s location.
“As more and more consumers use the internet and technology to buy and sell their homes, it is incumbent upon us to educate these consumers about the costs they see when they close on a property. Buyers are often surprised by costs they haven’t ever heard of before, and home sellers too often underestimate the cost of selling their homes,” said Amit Dhameja, CEO of Houzeo. “Part of this is them understanding the costs, but then there are also charges on the closing disclosure that really shouldn’t be there.”
Houzeo’s Closing Cost Calculator allows you to preview commissions, fees, taxes, and several other charges depending upon where your property is located, its type, and other factors. The steps to get to the closing cost estimate are also very streamlined:
1.Select whether you’re a buyer or seller
2.Select the location of the property you are buying or selling
3.Enter the property’s purchase or sale price
4.If there’s a mortgage involved, enter the estimated amount
5.And then, just hit the ‘Calculate my Closing Costs’ button to review estimated closing costs
Contact Info:
Name: Shweta Shah
Email: Send Email
Organization: Houzeo
Website: https://www.houzeo.com
Source: MarketersMedia
Release ID: 89044465
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