Real estate websites are online tools and platforms that cater to specific or broad needs of people working in the real estate sector.
These websites can either be designed to cater to a specific need or a specific target, such as real estate investors and real estate agents, or to provide a wide set of tools and services that cover a number of different aspects of the real estate market.
In this article, we will discuss the different types of real estate websites and the different aspects that they can cover, while also using Mashvisor as an example due to the wide range of tools and services that it provides which cover the most important aspects of investing in real estate.
Real Estate Websites: Designed for Investors
A real estate website that is designed with real estate investors in mind will function towards providing these investors with tools and services that can help them invest in real estate in different ways.
A real estate website can help investors by providing them with analytics tools that will help them assess their investments and measure the risk and the reward of investing in different investment properties. It can also provide them with tools for searching for and finding investment properties using digital maps and zip codes.
Mashvisor, for example, is a real estate website that has different features for helping real estate investors in the processes of finding investment properties as well as analyzing them for an investment. Using the tools available, real estate investors can use the platform to search for investment properties nationwide using a number of efficient tools and filters. If an investor wishes to find investment properties that fall within a certain budget, he/she can filter out properties that are either above or below the set budget.
Other filters include the following and can filter out properties based on your search criteria for the following aspects:
- Investment properties’ cap rate
- Investment properties’ cash on cash return
- Investment property type (single-family home, multi-family home, condo, townhouse, or luxury home)
- Investment property status (available, off-market, pending, sold, or foreclosed)
- Size, age, and/or the number of bedrooms/bathrooms
- Rental properties’ rental income or cash flow
- Airbnb rental properties’ occupancy rate
In addition to these filters, Mashvisor, like a number of other real estate websites, provides the user with a heat map analysis tool.
This tool allows real estate investors to use the same tools mentioned above to add a heat map layout to the search map, giving them a visual indicator of the area based on the different levels of performance for the selected metric.
Additionally, Mashvisor’s platform offers real estate investors with additional tools and features that can be used to analyze an investment property to determine its risk and return with ease and at a drastically reduced amount of time.
Learn More: What Are the Basics and Benefits of Heat Map Analysis for Finding Rental Properties?
Real Estate Websites: A Rental Property Analysis Tool
Some real estate websites are also designed to help real estate investors analyze a rental property and determine the amount of rental income that they will make from the property depending on the amount of rent that they ask from their tenants and the different expenses that will apply to their investment.
Real estate websites that are designed for this functionality will often include a rental property calculator, a tool that is designed to suit the exact needs of landlords and real estate investors who are relying on a rental strategy for their investments.
Using Mashvisor, real estate investors and landlords are able to calculate the different metrics used for assessing a rental property with ease using a rental property calculator that allows them to modify and adjust the values on the calculator, and the tool will automatically modify the results to reflect the new values added.
The rental property analysis tool has three main parts to it:
- The cash/mortgage calculator
- The expenses calculator
- The rental property calculator
Note: Click Here to start searching using Mashvisor right now!
These three parts are connected with one another, as each value in each of these tools will directly affect the results of the rental property calculator, which includes all the necessary information and data that the landlord or investor will need to know.
Changing the value of the cash that you want to invest or the amount of money that you intend to borrow through a mortgage will be immediately reflected in the calculation results, which include:
- The rental property’s cap rate
- The rental property’s cash on cash return
- The rental property’s cash flow
Additionally, the expenses calculator will have a similar effect. Adding additional expenses or adjusting the ones that are readily available with the tool will result in the calculation results immediately reflecting the change.
Although the expenses calculator allows the user to add additional expenses and values, the tool comes with readily calculated values based on the area’s averages for these expenses:
One-time startup costs:
- Inspections
- Total repair costs
- Furniture and applications
- Closing costs
Recurring costs:
- Insurance
- Utilities
- Property management
- Property maintenance
- Property taxes
- HOA dues
- Rental income taxes
All of these functionalities combine together to make up Mashvisor’s rental property analysis tool, and they can be used to a great effect by real estate investors and landlords alike.
Also Read: How Mashvisor Revolutionized Cap Rate and Investment Property Analysis
Real Estate Websites: For Comparative Market Analysis
In addition to single investment property’s analysis, there are real estate websites that are designed to provide real estate investors and analysts with comparative market analysis at a great efficiency and accuracy.
A real estate website which is designed to provide comparative market analysis will provide real estate investors with data comps and analytics that can help the investor understand the market and its performance, as well as identify the best performing investment properties within each market based on the averages and comparisons with other similar properties in the area.
This tool can be of great use to real estate investors as it will allow them to learn more about a market before taking the risk of investing in it.
While typical comparative market analysis is a process which may take months to conduct and to finish, using real estate websites for comparative market analysis can reduce the amount of time required from months to weeks, days, or even hours.
Mashvisor’s platform, in addition to providing tools for finding investment properties and doing rental property analysis, also provides real estate investors with tools aimed towards comparative market analysis. Using these tools, investors are able to obtain a complete set of data comps for any neighborhood of their choosing. The platform’s simple interface and its use of the map feature allow for easy-to-obtain insights about a certain neighborhood, giving you information about the neighborhood’s average values.
Hovering over a neighborhood on the map will immediately give you the following information about that neighborhood:
- Average median price
- Average cash on cash return
- Average cap rate
- Average Airbnb occupancy rate
- Average rental income
Note: Want to analyze a neighborhood right now? Click Here!
Additionally, real estate investors can click on a neighborhood on the map to be redirected to the comparative market analysis page. The neighborhood comparative market analysis page will give you additional information about the neighborhood and the properties in it.
The user will be able to see the historical data for investment properties in the area and see how the properties’ performance has changed over time to help him/her gain an understanding of where the neighborhood’s market is headed, and which properties have shown an outstanding performance compared to others. This includes information about each property’s cap rate and cash on cash return, market value, and rental income.
Learn About: Investment Analysis: Real Estate Investing
Real Estate Websites: A Powerful Tool for Agents
Real estate agents are among the most valuable assets in the world of real estate investing. While some real estate websites focus on catering to the needs of real estate investors, others prefer to focus on providing tools and services to real estate agents which help them serve their clients more efficiently or find new clients.
Mashvisor’s side of the platform that is designed for investors can also be used by real estate agents to help them provide their clients with additional listings and relevant data and information at a higher efficiency and using less time.
But Mashvisor also has a program – Investment Property Agents Program – which aims to build a mutual interest business relationship with real estate agents to help them as well as the investors who are actively using Mashvisor for their investments. The program aims to help connect real estate agents with leads for their business, as well as to connect real estate investors with qualified and professional agents who can help them close their deals more easily and with more confidence.
Finally, Mashvisor’s analytics page and neighborhood page will also feature the agents on our network to help real estate investors connect with these agents as well as help real estate agents build and grow their business.
Related: What Makes for a Good Real Estate Agent?
Conclusion
There isn’t a single type of real estate websites that exist on the ever-expanding internet. Real estate websites all have different designs and different functionalities and needs that they try to cater to.
Rentown.net, for example, is a real estate website that is designed for the specific use of rent-to-own homes, offering advice on the matter and providing tools and services that can help real estate investors invest in this specific type of properties.
Mashvisor, on the other hand, is an ambitious real estate website that aims to provide tools and services covering a wide range of different aspects and needs in the real estate investing world.
Whichever use that you’re trying to use for a real estate website, you will find a website that provides tools that address the specific need of yours.
Make sure to check out Mashvisor’s platform and give it a try using the free trial, or by subscribing to start using the platform right away for finding your next big investment.