Lately, there have been a couple “myths” floating around about how to get the most value out of Privy. To make sure that you’re getting the results you want out of the software, we want to clear up any misunderstandings you might have and help you close more lucrative deals in less time.
Myth #1 – You Can’t Analyze Off-Market Properties on Privy
Privy isn’t just for deals you find on the MLS. We upgraded our off-market Live CMA™ feature, so you can run comparables for any property or neighborhood, even if it’s not on the MLS, covering 97% of the US market.
Myth #2- You Can’t Find Good Deals on the MLS, So Privy isn’t Worth It
It’s a common misconception, but based on the experience of Privy’s, this myth isn’t true. In fact, some of our customers start off thinking this way, and once they experience the power of our Auto Deal Finder, they realize that there were deals to be had on the MLS this entire time.
Unless you have a full-time data analyst on your team, chances are you are missing deals whether it’s because you don’t understand the neighborhood, you’re not aware of the ARV in a certain location, or you just don’t understand how other investors are making money in this market.
So, are there deals to be had on the MLS today? Definitely. Privy has tracked 10,537 fix and flips on the MLS in the Dallas, Texas market in 2023 alone, with an average gross profit of $129,928. Someone is making a lot of money on the MLS, even if it isn’t you.
Myth #3 – Privy is All About the Algorithm
Yes, our algorithm rocks, and we use it to find you great deals fast. Some of the data you can get on the MLS if you spend the time searching, but a lot of it is proprietary to Privy like Before & After photos, hold times, investor comps and snapshots of flipped properties.
Can you get the data elsewhere? An incomplete version that will take you MUCH longer to ascertain. So, don’t worry about our algorithm, just worry about how easy Privy will make your life.
Whether you’re an Investor or an Agent, Privy interprets and presents data that can save you hours a day, and make your life a whole lot easier.
Did we mention you’ll close more deals too?
Myth #4 – All You Do Is View Listings
Privy is a lot more than viewing listings and pulling lists. With our easy-to-use interface, we eliminate terms like “listings” when we filter entire markets into the select deals that will turn a profit for you. Bypass your tired costly and time-consuming efforts of lead generation when Privy puts the lead right in front of you.
Myth #5 – Privy is Just Another Expensive Tool
Everyone knows that time is money, but unless you’re saving a substantial amount of time, an expense is still something you’d like to avoid.
How much is 5 hours a day worth to you? Privy customers have claimed to experience a time savings of up to 5 hours a day when they started using our real estate investing software. Use that time to close more deals, find new clients, enter new markets, and build wealth.
OR, you could use that time to take the vacation you’ve always wanted, spend more time with your family, or get around to doing those things on your to-do list that never get done.