eRealAnalyzer™ was designed to meet the needs of the new internet buyer, who spends more time online and wants instant information at his fingertips
San Francisco, CA (PRWEB) July 24, 2008
Condo.com, the largest worldwide marketplace of new and existing condominiums for sale and for lease, and eRealInvestor, developers of eRealAnalyzer™, the real estate industry's first "one-click away" financial analysis solution, have announced that visitors to Condo.com can now use eRealAnalyzer™ to compare property ownership financial metrics instantly on all Condo.com for sale listings.
Condo.com CEO Richard Swerdlow said, "Today's market represents a wonderful buying opportunity for creditworthy buyers who have a keen eye for value. To simplify the process of understanding the true long-term potential value of a property, we have included eRealAnalyzer™ with our listings."
eRealInvestor CEO Mike Genstil said, "eRealInvestor's mission to deliver the absolute best online analytical experience to buyers and sellers of real estate. In a market with tighter mortgage requirements and a greater focus on numbers, we believe integrated analytics will soon be a 'must-have' feature. We are pleased to extend our best-of-breed financial analysis solution to the vibrant, high-quality marketplace created by Condo.com."
eRealAnalyzer™ is embedded directly with the more than 600,000 pre-construction, resale, and foreclosure listings available for sale on the Condo.com website. To access eRealAnalyzer™ on the Condo.com website, users click on the "Analyze Property" link on any of the Property Details pages. When clicked, an eRealAnalyzer™ frame opens inside of the Condo.com page, containing charts and graphs pre-populated for instant analysis and comparison. The benefit for buyers and sellers is a more informed and faster buying decision.
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 compare different ownership scenarios, such as "live in," "rent," or "re-sell," with assumptions for down payment, rent, property appreciation, interest rate, purchase price, and many 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. Rental and appraisal comparables are integrated in eRealAnalyzer™ to help buyers understand the potential value of a property as a primary residence or as an investment property. Users can personalize their experience by entering their appropriate tax information.
"eRealAnalyzer™ was designed to meet the needs of the new internet buyer, who spends more time online and wants instant information at his fingertips," Genstil said. "With more buyers focused on economic value, our application allows the buyer to attain both logical and emotional ownership of the property."
In addition to including eRealAnalyzer™ on Condo.com, eRealInvestor will be promoting Condo.com's listings on its search portal in August.
About eRealInvestor, LLC
eRealInvestor, LLC, (http://www.erealinvestor.com) has developed eRealAnalyzer™, the real estate industry's first one click away financial analysis application. eRealAnalyzer™ powers the online analysis of thousands of properties listed on real estate portals and thousands of real estate agent websites. The company was founded by executives with decades of real estate investment and software development expertise to simplify the process of identifying and analyzing real estate purchase opportunities. More information is available at http://www.erealinvestor.com.
Condo.com (http://www.condo.com) is the world's largest condominium marketplace with inventory of over 600,000 listings valued in excess of $150 billion. Condo.com lists condos for sale and for rent in the United States and 70+ countries around the world and cost-effectively delivers exposure and qualified leads to developers, brokers and for-sale-by-owners through the seamless distribution of its listings to a global network of Real Estate websites visited by over 15 million viewers per month. Condo.com is a privately held company headquartered in Miami, Florida. For more information, visit http://www.condo.com .