Add another item to the ever-expanding list of sophisticated search filters that buyers can use to isolate properties that closely match their preferences.
Investors who pony up $15 a month can use FixFlip.com to hone in on properties that are likely to yield a healthy profit to investors who buy, renovate and sell them, according to the website.
FixFlip.com, which launched today, says it flags deals for investors using a proprietary algorithm that “goes beyond simple cost per square foot search calculations that might otherwise incorrectly identify a home as a bargain.”
But the press release announcing FixFlip.com’s launch didn’t elaborate on just how the site’s algorithm pulls that off.
“Simply put, FixFlip.com finds all of the needles in the haystack and puts them in one place for fix/flip investors,” said Jens Schoell, director of marketing for FixFlip.com, in a statement.
The site, he added, expects rehabbers to make “significantly more money by being able to identify more viable fix/flip investments because their search has been made so much easier.”
Popular listing portals let users hone in on listed and unlisted foreclosures, both of which are often targeted by home flippers. But a filter that highlights real estate investment deals spanning a range of home types may be an industry first.
Other innovative search capabilities that have emerged in recent years let buyers sort homes based on school quality, commute time and neighborhood safety.
RealScout, a collaborative search platform for buyers and their agents, has rolled out search filters with a local focus. Some cater to Northern California, allow users to hone in on homes that are close to amenities like Google Shuttle stops, Philz Coffee Shop (a California coffee chain), surfing spots, Whole Foods, historic missions and wineries.