5 new homebuying tools : Find profitable investment deals

Posted in iPhone News by admin. Published June 16th, 2009

5 new homebuying tools : Find profitable investment deals

Real estate Web sites are constantly coming up with new ways for homebuyers to get information about the market. Here are 5 new sites that can make house hunting easier.

Find profitable investment deals

With home prices more affordable than they’ve been in many years, there are some real bargains.

Investors who are less interested in the aesthetics than the bottom line can try InvestorLoft.com’s new PropScout to find lucrative options.

The tool offers several search filters, which go much deeper than just location and price. For example, Estimated Equity finds homes with big differences between listing price estimated value. Cash Flow ranks homes by the profits they produce. Cap Rate ranks by the percentage of profit on investment.

The tool has listings in about 20 states and should be in all 50 by early 2010, according to CEO Walter Charnoff. Consumers can search by city, zip code or property ID.

[Thanks: http://money.cnn.com]