Shark Tank Experience Leads to Big Changes for Real Estate Search Engine, Revestor

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Company offers profit-focused search engine services for real estate investors.

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"It's not everyday you get to go on national TV in front of millions of viewers and get your butt kicked by some hungry Sharks." Now, with most areas of the country hot, the timing could not be better to release our Premium Account."

Entrepreneur, innovator and CEO Bill Lyons will once again grace the small screen on ABC's Shark Tank reality series. The episode, slated to be re-aired this Friday at 9 PM (8 PM Central), showcased the real estate search engine developed by Revestor and targeted at buyers looking for investments in the housing market. Although the product was initially turned down by the investment professionals who comprise the Shark Tank team, the exposure received by Revestor and Lyons spurred added research and development of this unique real estate investment tool and led directly to the creation of soon to be released Revestor 2.0 and the advanced customization options available through the new Premium Account service level.

Lyons commented, "It's not everyday you get to go on national TV in front of millions of viewers and get your butt kicked by some hungry Sharks." He went on to add, "Now, with most areas of the country hot, the timing could not be better to release our Premium Account." Premium Membership status allows real estate investors and professionals to customize the terms of the basic search in a number of ways:

  •     The financing the investor plans on using to acquire the property.
  •     The interest rate and term for the loan can be altered.
  •     The investor can override RevestorRent© to their own estimated rent in the area.
  •     The minimum required profits and returns can be set, so the system will only notify the investor of worthwhile properties that come on the market.

These advanced functions make the Premium Account search a valuable resource for buyers and other professionals within the real estate industry.

Lyons' positive assessment of the current real estate market is borne out by figures recently released by the National Association of Realtors in their "2013 NAR Investment and Vacation Home Buyers Survey."

The survey included some interesting statistics:

  •     In 2012, investment buyers made up almost one-fourth of new and existing home sales.
  •     The median price for investment properties rose in 2012.
  •     Half of all investors used cash to purchase and half used financing.
  •     30 percent of investors purchased property to diversify investments/good investment opportunity.
  •     55 percent of investors purchased to rent to others.
  •     Medium time most investors plan to own property is 8 years.
  •     Future sales also look promising in these real estate categories with 47 percent of real estate investors planning another purchase in the next two years and 78 percent believing it is a good time to purchase.

And, perhaps the most compelling finding in the report:

  •     Only 21 percent of investors looked online as their first step in the buying process.

With the obvious lack of an efficient online tool to help investors find residential 1-4 unit properties, Revestor’s potential value is undeniable. Lyons believes that Revestor can reverse this statistic, making online searches the first step in up to 80% of all investor purchases.

Lyons estimates that there are upwards of 7 million real estate investors investing in over 2 million residential 1-4 unit properties.

The Revestor search application allows real estate investment buyers to locate homes for sale with the highest potential returns while streamlining the search process. The advanced application is ideal for anyone with an ongoing interest in finding the best investments in the real estate marketplace.

About Revestor:
Designed to meet the needs of real estate investors, Revestor is a patent-pending application and search engine that provides in-depth information about potential returns and profits for a wide range of properties in the desired area. The Revestor team continues to expand the range of features in this innovative search engine tool with the release of the new Premium Account service level for advanced users in the housing industry. For more information, visit http://www.revestor.com.

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