Today Movoto Real Estate launched SpotProperty, the world’s first daily deal website devoted entirely to real estate. The word “deal” isn’t often associated with real estate, but deals certainly exist, especially in today’s market.
In a nutshell, SpotProperty is a free online real estate service that locates home deals and delivers them to your inbox as they come on the market. According to our data, SpotProperty homes typically sell at 10-20 percent below market value, saving you thousands of dollars. When we said we wanted to find real estate deals, this is what we meant.
In the past several years, we’ve heard from homebuyers that while they enjoy the access to data Movoto and similar real estate sites offer, they can be overwhelmed by charts, graphs, and acronyms. When we investigated further, we found what homebuyers wanted was to know if they were making sound financial decisions–especially when making one of the largest, if not the largest, investment of their lives.
This mimicked co-founder and broker Henry Shao’s own experience. When he searched for homes he found there was a tremendous amount of data available, but he still didn’t know if the homes he found were actual deals.
The solution was SpotProperty. You can try it out here.
What are SpotProperty Deals?
Envisioning a real estate deal might not be easy. It’s best to think of SpotProperty as Groupon for homes. We scour through plentiful housing data to find homes that are on the market for less than similar homes. In other words, it’s what we consider a deal.
Each day SpotProperty users receive a customized daily email containing a home that is based on their preferences. If you’d like to see only top-tier houses, you can do this. If you’d like to see all types of houses, regardless of cost, SpotProperty can do this, too. The choice is in our users’ hands.
We’ve found that houses featured on SpotProperty sell for anywhere between 10-20 percent below market value. This translates to significant savings.
How Does SpotProperty Work?
It’s not magic, though it might seem like it. SpotProperty analyzes millions of home data records to find the best deals in an area and then sends users an email that features the home.
If you’re interested in the home, we will connect you with a local agent who can answer your housing questions.
Our goal was to create something beyond just real estate listing emails. That’s SpotProperty.
Who is Movoto Real Estate, you might ask? Movoto is an online real estate brokerage based in San Mateo, CA. Our blog has been recognized for its unique approach to city-based research by major news organizations around the world such as Forbes and CBS News.