SAN FRANCISCO, CA--(Marketwire - Oct 23, 2012) - Revestor announced their unparalleled real estate technology, previously only available in select cities and metropolitan markets, is now available nationwide. Regardless of geographic location, consumers and investors can use Revestor's technology in their home-buying process to estimate the risks involved with a home purchase and expectations for future potential performance of specific properties.
Historically, when consumers and investors searched for their next property to invest in, it has been a time-consuming process. Much research and thought goes into gathering reliable information to determine the locations and homes with the best opportunity for a long term positive return on investment. Revestor helps real estate professionals, investors and home buyers do this faster, from the convenience of their iPhone or home. Delivering key financial indicators in a geographic region, consumers and investors alike can make more informed buying decisions, helping their investment and purchase patterns.
"We are thrilled to offer an application to the national market that actually changes the way people buy homes. It's a whole new way of looking at real estate from a view most have never seen before. Zillow and Trulia are currently #1 and #2 in the space, with less than 2% of the market, leaving plenty of room for us to take our share," notes Revestor Founder and CEO, Bill Lyons.
"After all the hard work, it is an honor to finally be seen as a formidable competitor. We appreciate the praise and feedback to help us constantly improve and grow," says Revestor CIO, Boris Kaliman.
Like other popular real estate applications, Revestor provides a location-based search for properties. Setting them apart from the traditional 1D platforms, Revestor takes the process multidimensional. Using a unique algorithm, you can locate homes & investment properties, and estimate rents, potential cash flow and return on investment, making buyers better armed to assess potential risks associated with properties.
Home buyers can signup for free, and investors will have an opportunity to upgrade to a "Premium Account" for a monthly subscription fee which provides advanced searching capabilities, along with more data and alerts. "Investors will be able to enter their exact investment criteria and get an alert as soon as a property in their filters hits the market. This is a unique and powerful tool for the growing market of residential real estate investors who are purchasing 1million plus properties per year," says Lyons. Revestor will also earn revenue by going after the $8.9B/yr online real estate advertising market by offering advertising to real estate professionals, and unlike other sites, the ads will be 'behaviorally targeted' and are expected to provide a higher-quality lead to the advertiser.
The Revestor App, developed in partnership with EvolverMobile, is available through the iTunes store for iPhone and iPod Touch users as a free download. The company is working on future plans that include development for Android, iPad and Windows 8.
About Revestor: Revestor is a new real estate marketplace for consumers and investors to search homes for sale. With their patent pending technology, anyone buying real estate can search the unique application to find homes estimated to offer the best return. Users apply the information to make buying decisions that will benefit them in the long run, whether as a place to rent, live or invest in. For more information, visit http://www.revestor.com.