Proptech is expanding worldwide and the real estate sector is nowhere close to the end of this revolution. But as of 2021, the UK are clear winners of the proptech competition.
Property sourcing can be an extremely remunerative thing to do, but like anything else, to be successful, you need good tools, especially good software to crawl deals all over the Internet. This kind of softwares allows you to identify, source, analyse and contact vendors from Rightmove, Zoopla, OntheMarket, Gumtree and more from a single platform.
What are proptech softwares and how does it work?
In the first place, proptech, it’s a blanket term for new technologies adapted in the property market which are impulsing the biggest digital development of the real estate sector.
This type of software searches for great property deals, either for you, or to sell onto another investor for a price. One of the most crucial things you need to know that any successful property investor knows, is how to find good property deals. So before anything else, you need to know what makes a valuable property deal. A proptech software will do that work for you.
Lasty, a property sourcing agent is someone who puts together property deals, and then sells to property investors. The job of a property sourcer is to act as an intermediary between the buyer and the seller.
Top 5 Property Sourcing Software
Puts the power of automation in your hands. Search over 200,000+ Below Market Value deals (Buy-To-Let, HMO and BRRR) with ROIs above 15% with the click of a button. The key feature of this platform is to find High Yield properties. They calculate an annual ROI of each property they listed, it’s a no brainer to have DealSourcing.co if I am looking to buy-to-let deals.
The software also calculates the return on investment for every property on Rightmove and locates below market value properties for sale, saving investors hours of time spent on research.
PSEngine (Property Sourcing Engine) is cross-platform software for Mac OSX, Windows, and Linux. It gives you multiple ways to identify, source and analyse property and land investment opportunities. The best feature this software has is that you can contact the property owners via incorporated direct mail, all from within this single piece of software.
Deal Sourcr scrapes sites like Rightmove and Zoopla to find the best property deals in different areas of the country. It identifies potential HMOs (houses in multiple occupancy), negative equity leads for lease option agreements, buy, refurbish, refinance, rent (BRRR) opportunities and motivated sellers.
Argus is a commercial real estate investment software. It includes valuation analysis, cash flow analysis, and risk analysis. One useful feature they have is a set of tools to manage different investors who provided funding for different projects with instant reports and accounting for them.
This software is best known for how it incorporates macroeconomic data to provide investors with trends and forecasts.
CREmodel helps investors analyze multifamily properties and apartment buildings, retail space, office space, industrial properties, or mixed-use property investing projects.
It excels at generating quick-but-professional reports for prospective lenders and investors. It also serves as an excellent real estate deal analyzer and real estate flipping software with particular cost accounting and profitability analysis features.
For us, DealSourcing.co will be our primary suggestion to start
The Top 3 More Useful Use Cases of DealSourcing.co:
- BTL & HMO Deal Analyser
Say goodbye to all your property spreadsheets. For each deal, they calculate the cash flow, without the need for a spreadsheet or a calculator. Work out your maximum offer, including any costs, Stamp Duty, profits, or even if you have to leave money in the deal.
- Find High Yield properties by location
They’ve analysed the data of nearly 500,000 properties across England, Scotland and Wales. Their primary mission is to find the highest buy-to-let yield for each postcode.
- Find negative equity properties by location
A property is in negative equity if it’s worth less than the mortgage secured on it. They help you find those deals by geographic location.