Technology For Agents

Top Producer offers a handy feature for real estate agents in it’s 7i version under a tab labeled “financial”. Inside, you will see that you can track your working expenses and buyer or seller net sheets. I haven’t experimented too much with the business finance tracker, but I have been using the seller net sheets and have been pleased.

When opening this feature, you’ll first notice the blank space with headers labeled “contact” and “address”. Top Producer 7i will save each of the net sheets you calculate and keep them stored on their servers. I didn’t really realize the usefulness of this feature until one of my listings received a counter and I had to quickly adjust the seller’s net on the fly. It was very easily perform due to the saved records that Top Producer quietly stored for me.

After created a mock net sheet, you’ll notice that many key features are asked for such as price, address, and selling expenses. Selling expenses could be closing costs, prorated property taxes, commissions, or the owner’s title policy. Regardless, it gives you the option for each expense to enter a percentage value or a static numerical value.

It’s actually quite simple from here; you must enter each expense the seller plans to incur during the sale of their home or real estate investment. At the bottom of this net sheet you will see the total estimated selling expenses, along with a total estimated equity to seller. This of course provides you with the numbers your seller really wants to hear. How much money will I have at the end of the day?

The last feature I’d like to go into is the reports option. I wouldn’t think that Top Producer 7i would force you to do a print screen to show this information to your clients; and they didn’t let me down. You also have the option to print the information contained in your finance records for your seller in a nice, professional report. This is what I bring to the seller’s home when presenting offers. Doing so allows the seller to easily see the selling expenses calculated precisely. A tool such as this does nothing but add to your value proposition as a real estate professional and establish that you really know what your doing.

This quick look at the technology currently available to real estate agents is just a peek into what Top Producer really has to offer. I use it in my day to day business and it comes as a highly recommended contact manager or transaction manager. Now that I have been using the finance tools I can also say the finance technology is also a highly recommended tool.

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