When we designed the application, we intended first and foremost to save time for buyers from having to create, populate, and then modify spreadsheets. The pre-populated, dashboard-like interface allows buyers to visualize which combination of variables will make a property an attractive purchase over the period of time the buyer owns it
Clearlake, CA (PRWEB) June 6, 2008
Number1Expert, providers of custom websites to thousands of top-producing real estate agents and a division of Dominion Enterprises, and eRealInvestor, inventors of eRealAnalyzer™, the real estate industry's first "one-click away" financial analysis solution, have launched an integrated service to enable real estate buyers, sellers, and agents to simplify the determination of a property's affordability, cash flow, and rate of return characteristics under different ownership scenarios.
Number1Expert Sales Manager John Wright said, "Number1Expert is always looking for that cutting edge tool to add to our premium lead generation program that really serves the consumer and helps them bond to the agent."
eRealInvestor CEO Mike Genstil said, "eRealInvestor's mission is to deliver the best online analytical experience to buyers and sellers of real estate. In today's market, sellers must make their properties attractive to all possible buyers - primary homebuyer and property investor; local and remote; domestic and international. Similarly, buyers need to understand all the elements that determine a property's value, including for sale comparables and trends, rental comparables, neighborhood factors, etc. For buyers and sellers, eRealInvestor provides the industry's first standard platform for the comparison of all these factors, and we are pleased to offer our solution to the top-producing agents in Number1Expert's network."
To help different types of buyers with different financial needs and purchase criteria perform financial analysis, eRealAnalyzer™ provides an intuitive, graphical interface that enables users to easily combine different ownership types, such as "live in," "rent," or "re-sell," with assumptions for down payment, rent, property appreciation, interest rate, purchase price, and several other key variables.
Assumptions can be easily increased or decreased by moving sliders with the user's mouse, providing the user a "dashboard-like" feel.
eRealInvestor's solution is integrated with an "Analyze" button on the details pages of more than one hundred thousand listings on Number1Expert sites. Examples of Number1Expert/ Best Image sites which have the Analyze button include:
Build a Number1Expert portfolio at http://www.erealinvestor.com
If buyers are interested in quickly building a portfolio of Number1Expert listings, all of the listings are available at http://www.erealinvestor.com, where buyers can search and sort for properties by financial metrics such as price per square foot, and then build a portfolio for analysis.
Integrated Rental and Appraisal Comparables
eRealInvestor is the first real estate software product to include live rental and appraisal comparables to help buyers understand the income potential of the property and its appropriate purchase price. Next to the variables for Offering Price and Rent are orange buttons which say, "Comps." The Rental Comps button provides a list of recently listed rental properties in the local area. Potential buyers can click through to active listings, identify property managers, and contact the property managers to discuss the property under consideration.
Aggressive, Moderate, and Conservative Scenarios
To enable the simple comparison of multiple down payment, interest rate, and forecast scenarios side-by-side, eRealAnalyzer™ provides up to three scenarios for side-by-side analysis. When the user identifies a scenario which is attractive, he can save the scenario, or view and print a spreadsheet containing the property data. The benefit for buyers and sellers is a more informed and faster decision.
"When we designed the application, we intended first and foremost to save time for buyers from having to create, populate, and then modify spreadsheets. The pre-populated, dashboard-like interface allows buyers to visualize which combination of variables will make a property an attractive purchase over the period of time the buyer owns it," Genstil said. "We believe integrated, usable analytics will soon become a 'must-have' in online real estate."
About eRealInvestor, LLC
eRealInvestor, LLC, was founded in 2006 by executives with decades of real estate investment and software development expertise to simplify the process of identifying and analyzing real estate purchase opportunities. Endorsed by industry leaders and influencers in real estate and property investment, the San Francisco-based firm is partnering with the leading real estate and financial organizations in the world to deliver the most compelling online analytical experience in the real estate business. eRealInvestor's flagship application eRealAnalyzer™ is embedded on hundreds of thousands of properties on the Web across thousands of real estate agent and portal websites, including the Wall Street Journal website, wsj.com More information is available at http://www.erealinvestor.com.
Real estate agents who meet or exceed $5 million in annual sales can receive NUMBER1EXPERT™ credentials and premium Internet marketing. NUMBER1EXPERT™ agents and their listings receive enhanced, priority, featured, special and/or member's only placement. NUMBER1EXPERT™ is a service of Best Image Marketing, a division of Dominion Enterprises, a leading media and information services company. For more information, visit http://www.NUMBER1EXPERT.com.
About Dominion Enterprises
Dominion Enterprises, a division of Landmark Communications, is a leading marketing services company serving the automotive, real estate, apartment, recruitment and marine markets. The company operates a variety of businesses that offer Internet marketing, Web site design and hosting, lead generation, CRM, and data capture and distribution services. The company has more than 40 market-leading Web sites reaching more than 12.5 million unique monthly visitors, and more than 500 magazines with a weekly circulation of over 5 million. Headquartered in Norfolk, Va., the company has nearly 6,000 employees nationwide and annualized revenue of more than $946 million. For more information, visit http://www.DominionEnterprises.com.