MyEListing Review: Can It Help Me Find And Sell Commercial Real Estate?
Apr 06, 2023Finding the right properties and locating potential buyers can be difficult for any commercial real estate wholesaler or investor, but in recent years, technology’s moved it even farther away from impossible. The advent of the internet has seen the creation of several platforms that can connect willing buyers with willing sellers, permitting smoother real estate transactions.
One of these platforms is MyEListing.com. Founded in 2019, MyEListing.com is a free-to-use tool for listing commercial properties for sale and rent. One of the defining features of MyEListing is that it doesn’t require a paid membership or subscription to list/search properties or access resources.
Let’s take a look at MyEListing.com and answer any potential questions you may have about the platform to see whether commercial real estate (CRE) investors should give it a shot.
- Our Review Of MyEListing.com
- What Is MyEListing?
- How Does MyEListing Work?
- What Are The Benefits Of Using MyEListing.com?
- MyEListing Review: Pros & Cons
- MyEListing vs Competitors
- MyEListing FAQ
Our Review Of MyEListing.com
Overall, MyEListing.com is a simple and effective tool for buying and selling CRE. The search engine’s granularity makes it easier to find specific results, and the Agent Directory on the platform is a useful tool investors can use to connect with local commercial real estate agents & brokers.
CRE agents can also use the platform to promote their expertise, and users get access to tools to compare important CRE metrics. The entirely free educational resources are also a great addition that new and first-time CRE investors can use to learn the ropes.
What Is MyEListing?
MyEListing.com is a free-to-use commercial real estate marketplace that provides investors and agents with real-time access to property data, analytics, and leads. It's a comprehensive solution streamlining commercial real estate investment, from sourcing and evaluating deals to closing transactions.
Users can sign up for free and gain unlimited access to accurate local market intelligence, customized property type alerts, comp software, and one of the nation's largest directories of commercial real estate agents and brokers.
How Does MyEListing Work?
MyEListing.com harbors a large database of commercial real estate properties for sale and for lease. Users can quickly and easily access this database free of charge.
The data platform also aggregates commercial real estate data from multiple sources, including MLS, public records, and proprietary databases. This data is then analyzed and presented to users in an easy-to-use format.
Users can search for properties based on their investment criteria and access a range of analytics and tools to evaluate potential deals.
Some other critical features of MyEListing include:
- Customized search filters: Users can customize their filters based on property type, location, price range, and other criteria.
- Property data and analytics: MyEListing provides users with real-time property data, including valuations, rent estimates, and other key metrics.
- Lead generation tools: MyEListing offers lead generation tools to help investors and agents find new clients and expand their businesses.
- Collaboration tools: MyEListing allows users to collaborate with team members, share information, and track progress on deals.
Let’s take a more in-depth look at the individual features MyEListing.com has to offer.
Searching For Properties
Searching for CRE properties to lease or buy is intuitive and easy to parse. You can search properties by city and property type and switch between properties for sale and properties for lease. The advanced search has additional filters to further divide search results by price ranges, square footage, and net operating income (NOI), to name a few.
After searching, you can browse the results in the left-hand bar. Clicking on a property listing brings up details, such as the lot size, square footage, and photos.
Each property listing also has a convenient loan calculator you can use to estimate monthly payments at a set loan amount and term. If you are interested in the property, you can directly contact the property agent from the listing.
Listing A Property
Creating a listing is similarly straightforward: Click on the blue “Create a Listing” button in the top right corner, and you’ll be taken to the listing portal. Designate whether the property is for sale or lease, and you’ll be prompted to enter the street address and building number.
After that, you can enter the building details, like the property type, price, square footage, lot acreage, etc. You can also designate whether the seller accepts cryptocurrencies for transactions. At the bottom are two sections for writing property highlights and a property description.
Lastly, you need to upload images for the property and any brochures. Once you finish, click “Finish,” and it will save your listing to your profile. Listings are free to create, and there is no limit to how many listings you can have.
Agent Directory
One of MyEListing.com’s more unique features is its Agent Directory portal. This tool can connect CRE investors, sellers, and prospective tenants with local CRE agents to get advice and streamline the CRE buying and selling process.
You can browse real estate professionals near your area and click on their profiles to see their specialties, experience, transaction histories, and reviews.
If you’re a real estate agent yourself, you can create an agent profile to market your services. It’s free to make an account, and the featured agent snippet function can help you pick up more leads. The Agent Directory is useful for professionals as both a tool for getting leads and as a profile for business information.
Read Also: 8 Best Real Estate Wholesaling Tools
Comp Searches
MyEListing.com has a feature that lets users find relevant “real estate comps” (comparables), so they can compare and contrast similar properties in a given area. The comp software lets you set parameters to identify similar properties in a specific location.
The tool is useful for answering questions about macro-scale patterns in geographical submarkets, like average rents or average price per square foot.
Creating An Account
Creating an account is very simple. Once you click “Register an Account,” you will be prompted to enter an email, password, and location. After verifying your account by email, you will be taken to your account dashboard, where you can see all your saved searches and properties.
Account registration is 100% free, and you don’t have to provide personal information like a physical address.
Other MyEListing.com Resources
Last but not least, MyEListing.com has a large learning database with how-tos and guides to CRE investing. Their resource portal also has summaries on CRE performance in markets across the country.
You can subscribe to the website newsletter to get updates on the latest blog posts and guides right to your inbox.
What Are The Benefits Of Using MyEListing.com?
MyEListing.com is completely and totally free to use. There are no hidden fees, costs, or surprises. Users of the platform get unlimited access to hundreds of thousands of listings. Real estate brokers and agents can use the platform to source fresh leads and stay educated on their local markets.
The platform makes finding the ideal property easier with its advanced search filters, mortgage loan calculators, and property listings full of relevant property information, including lot size in acres, price per square foot, building square footage, listing agent contact information, and descriptions of the local area.
Vendors can take advantage of MyEListing.com's tens of thousands of unique users by placing ads on the website to get in front of more potential customers. Those new to commercial real estate can also take advantage of the platform's multitude of free educational resources, like how-to guides, quarterly sector reports, and top-down perspectives on market movements.
MyEListing Review: Pros & Cons
Like every platform, MyEListing has its advantages and disadvantages.
Some of its pros include:
- MyEListing.com has a clean and user-friendly interface that is easy to navigate. Users can quickly search for properties based on location, price, property type, and other criteria.
- Large inventory of properties for sale or rent. This gives users a wide range of options to choose from.
- Property listings on MyEListing.com provide detailed information about the property, including photos, descriptions, and features. This helps users make informed decisions about whether to contact the listing agent or broker.
- The website is optimized for mobile devices, which means users can access the platform on their smartphones or tablets.
- 100% free to create an account and use
- No limit to listings
- Straightforward interface
- Good search options
- Agent Directory connects users to qualified professionals
- Learning resources have a lot of free educational materials
Some cons include:
- MyEListing.com may not have listings in all areas, especially in rural or remote locations. This can limit the options available to find commercial real estate in those areas.
- Dependence on listing agents or brokers. The company relies on listing agents or brokers to provide property information, which means that the accuracy and completeness of the information are dependent on the quality of the listing agent or broker.
- While MyEListing.com offers basic filters for property search, some users may find the filter options limited compared to other real estate platforms.
- The limited scope of features. It does not have many additional features such as mortgage calculators, virtual tours, and other advanced property search tools
- Educational resources can be difficult to parse through
- Comp search tools are relatively limited
CRE investors should always be on the lookout for effective tools for buying and selling properties, and MyEListing.com gets the job done. The platform’s design is simple and straightforward, with few complications for creating and browsing listings.
Creating an account is 100% free, and there are no limits to the number of listings you can make. Overall, the platform can provide an excellent, free experience for both new and experienced CRE investors to use.
MyEListing vs Competitors
MyEListing.com provides the same quality market information on commercial properties as other big players in the industry, like Zillow, Realtor.com, Redfin, PropStream, and Trulia.
The biggest difference, however, is that MyEListing doesn't paywall or "tier" its information: Everything is available free of charge.
There are no fees to pay for extra property information, exclusive market reports, and intelligence, or for listing your properties.
It's a marketplace that thrives on user success without burning holes in their pockets.
Read Also: 10 Best CRM For Real Estate Wholesalers
MyEListing FAQ
How Much Does MyEListing Cost?
MyEListing.com is completely and totally free to use without hidden costs or fees.
You don't have to pay for exclusive listings or market information: It's all there for you, free of charge.
What Is the Primary Mission of MyEListing?
MyEListing.com's primary goal is to democratize the commercial real estate space for all, removing as many barriers of entry to the industry as possible.
To support this mission, users can sign up for a free account and gain unlimited access to the platform's listings, market intelligence, and educational resources.
Do I Need an Account to Use MyEListing?
No, you don't need an account to use the website; however, most of the platform's most powerful features are only available to those with an account.
Does MyEListing Have a Cancellation Policy?
Yes. Users can find more information about the MyEListing cancellation policy in the terms and conditions section of their website.
*Disclosure: Real Estate Skills is not responsible for the information provided by MyEListing or on its respective website. MyEListing is an independent company which provides real estate services to investors. Real Estate Skills trains on using MyEListing and the benefits of using the service but is not responsible for the content it provides.