New Western Launches Residential Real Estate Investment Marketplace in Fort Myers

Company Plans to revitalize $641 million Five-year home values

FORT MYERS, Florida., August 15, 2022 /PRNewswire/ — new westernthe nation’s largest private source of fixed and reversible residential investment properties, today announced the opening of its fifth Florida office, located in Fort Myers. Over the next five years, New Western intends to help revitalize $641 million of houses in the city and increase the housing inventory by buying value-added properties and then selling them to investors who will improve them.

“We are very pleased to continue our expansion into Florida with the opening of our Fort Myers office,” said kurt carlton, co-founder and president of New Western. “The residential real estate market in Fort Myers has been growing rapidly lately, and our team is eager to bring affordable housing back to market. The success we have had in our other Florida locations is a testament to the value we bring to local property investors through our market and expertise.”

With nearly 580,000 old properties in the Fort Myers As the only metropolitan area, 61% of which was built before 2002, the area offers a large potential stock for investors wishing to rehabilitate and resell housing. At a time, Fort Myers needs more affordable housing options: Average Fort Myers the selling price of homes has increased by 30% year over year for $410,000. New Western, however, acquires properties for less than $250,000 on average, and investors who rehab properties purchased through New Western are selling them for up to 31% less than the cost of a newly built home.

“I look forward to being a part of Fort Myers community and help provide much-needed housing inventory for local investors,” said Milton BernalCEO of New Western’s Fort Myers Desk. “There are many opportunities in this market for us to make a difference. Our market and our team are in an ideal position to help facilitate more affordable housing solutions in Fort Myers.”

Fort Myers is the 49th office opening for the real estate market offering exclusive opportunities for investors looking for rehabilitation homes. Since 2008, New Western has bought and sold over $12 billion value of residential real estate by leveraging data and local market knowledge to supply its market with exclusive investment properties. On average, New Western buys a property every 13 minutes and sells a property within 90 minutes of purchase.

About the new western

New Western is making real estate investing more accessible to more people. Operating in most major cities, our marketplace connects over 100,000 local investors looking to rehab homes with sellers. As the nation’s largest private source of investment properties, we buy a home every 13 minutes. New Western offers new opportunities for everyone: a fresh start for sellers, exclusive inventory for investors, and affordable homes for buyers. For more information, visit www.newwestern.com.

SOURCE New Western

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