RISMEDIA, June 9, 2008-Number1Expert, providers of custom websites to thousands of top-producing real estate agents and a division of Dominion Enterprises, and eRealInvestor, inventors of eRealAnalyzerTM, one of the real estate industry’s first “one-click away” financial analysis solutions, 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, eRealAnalyzerTM 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.
According to the company, 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: