New Western Releases New Real Estate Technology for Texas Investors
Irving, Texas: Since 2008, New Western Acquisitions has made it their mission to foster the success of real estate investors. As a New Year’s Resolution for 2016, the company vowed to develop state-of-the-art resources for investors to help them reach their investment goals. Now, with the release of their ground-breaking comp system, New Western has fulfilled their purpose and is providing technological innovation to investors in Texas.
“We wanted to provide a platform for our customers that allowed for better investment choices that net maximum ROI,” said New Western’s VP of marketing, Heather Harrington. “So, we built a system that allows users to calculate and compare financing choices that might affect their current investment strategy.
“The New Western Comp engine pulls live MLS data on recently sold and leased properties in the area,” Harrington continued. “If investors are looking to purchase an investment property, they are supplied with all the details and become more knowledgeable about the deal.”
The system has been meticulously created to benefit investors in the Dallas, Houston, and Austin Texas area. Central to the system’s cutting-edge technology is the ability for users to customize and save Comparable Market Analysis, or CMA, reports, then calculate and compare different financial options for their target properties. Users of the platform can pull CMA data on all prospective properties, and advanced algorithms quickly calculate and compare different financing options for users’ specific investment strategies. If investors plan to flip, or plan to hold their property, the New Western Comp System previews potential outcomes of their strategies, and they can make an informed decision after weighing the use of using bridge loans, conventional loans, or cash.
New Western understands that investors lead busy lives, and sometimes critical decisions need to be made on-the-spot. To meet this need, New Western has also developed their Investor App to be a great guide when making important investment decisions on-the-go. “Our sleek new mobile design allows you to get this information right at the property, at showings or auctions,” Harrington said. With the app, investors can access the power of the New Western Comp System engine on their smartphones in real-time, anywhere.
These types of reports, when pulled by a realtor or the popular listing site Zillow, can sometimes be specifically chosen regarding bias for property values that are beneficial and profitable. This bias could potentially skew reports, so the Comp System bypasses this possibility by giving investors control over a full range of abilities, and therefore, supply more accurate results. Users can expand on property details and customize specific target locations to review as many properties as they’d like. They can also locate and evaluate specific comparable values of similar properties.
The Comp System presents all of this information in an easy-to-read format that is user-friendly, and users even have the option to print or save their reports. Investors in the Dallas-Fort Worth area are invited to take advantage of this technology, but New Western has plans to launch to other markets around the nation every 30-days.
“We are excited to launch our first markets in DFW, Austin and Houston,” Harrington said. “In the coming weeks, we have plans to expand further into Texas. Then, we will keep the momentum going into other states as well!”
New Western Acquisitions, a Dallas-based company, got its start in the midst of the 2008 housing crisis. In two short years, the company was using its ground-breaking technology, unique brokerage style, and highly motivated team as the business model that would lead them to exponential growth. To date, New Western’s affiliated holding companies have acquired and taken title to enough single-family homes to be named one of the largest brokers of distressed investment properties in the nation.