New Western Acquisitions has recently released a new comp system, enabling investors in Texas to make better investment choices.
New Western’s VP of marketing, Heather Harrington said “We wanted to provide a platform for our customers that allowed for better investment choices that net maximum ROI. So, we built a system that allows users to calculate and compare financing choices that might affect their current investment strategy.”
The system has been created to help benefit investors in Austin Texas, Dallas and Houston areas. It allows users to customize and save Comparable Market Analysis, or CMA, reports, then calculate and compare different financial options for target properties.
Harrington went on to say “The New Western Comp engine pulls live MLS data on recently sold and leased properties in the area. If investors are looking to purchase an investment property, they are supplied with all the details and become more knowledgeable about the deal.”
Investors using the platform can pull CMA data on all prospective properties and using advanced algorithms can quickly calculate and compare different financing options for their specific investment strategies. The comp system allows investors to preview potential outcomes of their strategies, whether they plan to flip or hold onto their property. This enables them to make an informed decision after weighing the considering the options of using conventional loans or cash, or using a bridge loan.
For investors who need to make on the spot decisions, New Western has developed its Investor App. Harrington said “Our sleek new mobile design allows you to get this information right at the property, at showings or auctions.” Investors using the app can access the Comp System engine on their smartphone in real-time wherever they are.
Reports pulled by a realtor or by the listing site Zillow can sometimes specifically be chosen for their bias regarding property values that could be beneficial and profitable, a bias that could potentially skew reports. The get around this possibility the Comp System gives investors control over a full range of abilities, supplying more accurate results. Users are able to customize specific target locations and can expand on property details and can review as many properties as they wish. They can also locate and evaluate specific comparable values of similar properties.
At the moment the system is being launched in DFW, Austin and Texas but the company has plans to expand further into Texas.