San Diego, CA (PRWEB) July 26, 2006
In a move aimed at streamlining the process of buying and selling preconstruction property, PreConInvestor.com has launched its website with a searchable nationwide database of precon listings. The first portal of its kind in the U.S. allows investors to search for and compare preconstruction properties in all 50 states, as well as to connect directly with the selling agents and developers. The database is specific to preconstruction properties only, with no resales listed, and includes precon lots, single-family homes, condos, condotels and 2-4 unit “plexes.”
A nationwide database of precon-only listings is long overdue in the opinion of Jason Gilbert, co-chairman of the Southern California Creative Investor’s Association and SOCALCIA.com. “We host 22 real estate investment training workshops per year, and the preconstruction seminars draw the highest attendance by far,” he says, adding that “until now, investors had to hunt for deals in an ad-hoc manner by seeking out local preconstruction agents and developers. PreConInvestor.com is an investor’s dream because now they can instantly pull up properties that fit their exact criteria in multiple markets, compare them at a glance, and retrieve sales agent contact info with a click. Such a “one-stop-precon-shop” with this kind of simplicity and speed is a welcome breath of fresh air in the industry.”
Searching the precon MLS database is free. Agents and developers list inventory and receive leads free of charge as well, with a 0.5% referral fee due when a lead results in a closed sale. The site, which functions much like Realtor.com®, is essentially an automated referring broker and online portal connecting buyers and sellers of preconstruction real estate.
The demand for a national registry of precon property is driven by the fact that investors can realize potentially large profits with relatively small upfront cash outlays. Unlike other real estate investment methods, actual ownership is not required in preconstruction purchases. Investors simply contract to buy a property before it’s built and their risk is limited to their earnest deposit, sometimes as little as $1,000. In hot markets, it’s not uncommon for properties to appreciate $100,000 while under construction. Investors either sell their contract, close on the property and flip it, or hold it as a rental. Even in those markets which have recently cooled, investors are still profiting with developers selling at a discount in order to obtain initial construction financing.
For additional information on PreConInvestor.Com, contact company CEO Dave Stech or visit http://www.PreConInvestor.com.
To schedule an interview with Jason Gilbert, visit http://www.fidelisproperties.com.
PreConInvestor.com was developed to meet the burgeoning needs of the fastest growing niche in real estate investing – preconstruction. By connecting investors with preconstruction project developers and agents, an online marketplace has been created that will fuel additional profit and growth. PreConInvestor.com is headquartered in San Diego, California, and its CEO, Dave Stech, is a consumer marketing and Internet industry veteran, having been a Vice President with both Kodak and Disney, and subsequently early-retired three times as President and CEO of successful Internet, software, and online marketing companies.
Dave Stech, CEO