Proptech is gaining traction around the world, and the real estate industry isn’t far behind. However, the UK will be the obvious winner of the Proptech race by 2021.
Property sourcing can be incredibly lucrative, but like anything else, it requires the use of competent tools, particularly software that allows you to scan deals all over the Internet. From a single platform, you can find, source, analyze, and contact sellers from Rightmove, Zoopla, OntheMarket, Gumtree, and other sites.
What are Proptech Softwares And How Does It Work?
To begin with, Proptech is a catch-all term for new technologies that have been adopted in the real estate industry and are driving the sector’s most significant digital transformation.
This type of software looks for fantastic real estate deals for you or to sell to another investor for a profit. One of the most important things any successful property investor understands is how to identify good property offers. So, before you do anything else, you need to understand what makes a good property deal. That task will be done for you by a proptech software.
Last but not least, a property sourcing agent is someone who gathers property deals and then sells them to investors. A property sourcer’s job is to act as a middleman between the buyer and the seller.
Top 3 Property Sourcing Software Reviewed By Samuel Leeds
They provide you control over the power of automation. With the click of a button, you can search over 200,000+ Below Market Value offers (Buy-To-Let, HMO, and BRRR) with ROIs of above 15%. This platform’s main feature is its ability to locate high-yield properties. It’s a no-brainer to have DealSourcing.co if you’re looking for buy-to-let deals because they calculate an annual ROI for each property they feature.
The software also assesses the return on investment for every home on Rightmove and finds houses for sale that are below market value, saving investors hours of research time.
PSEngine (Property Sourcing Engine) is a cross-platform application that runs on Mac OS X, Windows, and Linux. It allows you to find, source, and analyze property and land investment opportunities in a variety of ways. The best benefit of this software is that it allows you to contact property owners via incorporated direct mail from within one program.
Argus is a software for commercial real estate investment. It encompasses things like valuation, cash flow, and risk analysis. One essential feature is a set of tools for managing many investors who supplied funds for various initiatives, as well as rapid reports and accounting for them.
The most well-known feature of this software is how it uses macroeconomic data to give investors with trends and forecasts.