"We continuously search for best-of-breed resources to integrate into our auction platform. eRealAnalyzer will instantly help our bidders evaluate the financial potential of our online auctions," said Matt Baker CEO of Bid4Assets.
Silver Spring, MD (PRWEB) December 3, 2009
Bid4Assets, the country’s leading online real estate auction company, today announced a new addition to its selection of online resources, eRealAnalyzer™ from eRealInvestor, Inc. eRealAnalyzer is a unique, browser-based, financial calculator that quickly computes important financial metrics to help bidders instantaneously determine the investment potential of a property. eRealAnalyzer is free to use and is integrated into the auction listings for most improved residential properties on the Bid4Assets Web site. To analyze the investment potential of an auction property, simply go to Bid4Assets.com.
Despite the relative sluggishness of today’s real estate market, there are many active types of real estate buyers. For example, there are “all cash buyers” looking to buy, hold and rent, or looking to buy and resell. There are buyers using financing, many wanting to buy and hold but also many buying a home for the first time and fearful of making a financial misstep in today’s uncertain environment. It can be extremely time-consuming and complicated for a bidder to accurately calculate a property's potential to meet their financial needs. eRealAnalyzer brings together data from multiple current sources so a bidder can quickly determine if a property meets their individual financial goals.
“Our solution is particularly valuable in today’s environment, as new types of buyers and sellers, with different motivations, have emerged over the past twenty-four months. They must consider as many factors as possible as they evaluate transactions relative to their personal financial needs,” said Mike Genstil, founder and CEO of eRealInvestor. “We are extremely pleased to be partnering with Bid4Assets, to bring this new analytical resource to their buyers and sellers.”
Sellers who list property on Bid4Assets could also gain numerous benefits when bidders use eRealAnalyzer, including greater levels of bidder confidence, more bids and an increased auction selling price.
"We continuously search for best-of-breed resources to integrate into our auction platform. With just a few simple keystrokes, eRealAnalyzer will instantly help our bidders evaluate the financial potential of our online auctions. We know their comfort in making bidding decisions goes up with more information and we are going to help take a lot of the guesswork out of the process for them. Plus, what’s good for our bidders is good for our sellers," said Matt Baker CEO of Bid4Assets.
About Bid4Assets, Inc.
Bid4Assets, Inc. (http://www.bid4assets.com) was founded in 1999 and was one of the first companies to sell real estate through online auctions. Since then, Bid4Assets has helped sell and close more than 62,000 properties, across all 50 states. The company sells distressed assets for financial institutions, private parties and a growing list of federal and state government agencies. Among them are the U.S. Marshals Service, the Department of the Treasury and more than 40 counties nationwide.
Bid4Assets has extensive experience selling homes under $50,000. Many real estate investors and home buyers regard Bid4Assets as the most convenient way to buy under-valued real estate. Bid4Assets is a privately held company headquartered in Silver Spring, Maryland. The company recently raised $3.75 million in new funding.
About eRealInvestor, Inc.
eRealInvestor, Inc., (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 the best real estate deals. More information is available at http://www.erealinvestor.com.