Buying and selling properties online is not as easy as it seems. There are numerous processes along the way and a lot of paperwork to deal with. letWizard has streamlined all this through its unique property bidding mechanism. It is supported by an eDashboard that enables cross-border property transactions at minimal participation costs and allows people to buy properties using their local/preferred currencies.
letWizard is the world's first property accommodation and rental marketplace. It enables property investors, sellers and brokerage agencies to experience “price discovery”, “deal transparency” and “global liquidity”. letWizard has developed its own AI-powered Genie tools to assist users every step of the way. These tools help users during their investment journey with property estimates, mortgage rates, rent vs buy calculations and pre-qualification for mortgage loans.
Here’s some information on letWizard Genie Tools.
Property Estimates
letWizard’s Property Estimates tool is designed to provide a reasonable estimate of the price of a particular property. The tool utilizes database of property transactions to derive instant home value estimates that help users in getting a better idea of the property they are looking to sell.
Mortgage Rates
letWizard Mortgage Rates tool is developed to assist users in finding the best mortgage rates in the market. These mortgage rates are reasonable estimates that enable users to make an informed decision on the best mortgage options that suit their needs. The AI-powered tool considers the applicant’s income, expenses, liabilities and assets to provide an idea of the mortgage rates available.
Rent vs Buy calculator
The Rent vs Buy Calculator helps users who are confused about buying or renting a property. It allows them to compare the net cost of renting vs buying and decide the best option for them. The Rent vs Buy Calculator utilizes statistical data and reveals the most economical option for letWizard users.
Pre-qualification
The Get Pre-Qualified tool enables users to estimate how much they can borrow when applying for a loan. This tool takes into consideration a user’s credit score before pre-qualifying an applicant. The score ranges from 300 to 900 and helps determine the financial capability of a user in terms of being able to repay the loan. It is one of the initial and the most essential steps of mortgage transactions. By using this tool, letWizard users can easily estimate the amount they are likely to be approved for, before placing a bid on a property.
