Austin, Texas-based Econohomes has launched a new website aimed at redefining the online experience for real estate investors and homebuyers as they shop for foreclosed REO homes.

Designed using feedback from its customer base, the new Econohomes website offers an intuitive user experience with customer-focused tools and is backed by a flexible architecture for faster performance, the company explained.

Investors can assess financing options and pricing, save and share property listings, and pinpoint other properties

in surrounding locations. There are no subscription fees to view detailed property information and registration is free to receive new inventory updates and email notifications of properties that match a user’s buying criteria.

“Our government and the mortgage industry now are beginning to focus on the central role that investors will play in soaking up excess housing inventory,” said Jeff Ball, Econohomes’ president and CEO.

“Investors will serve as the bridge to a future where folks will be ready to own a home again after repairing their credit and their balance sheets,” Ball said. “Our new website will help these investors build successful real estate investment portfolios.”

Econohomes provides investors with an online destination for purchasing wholesale real estate. The company buys residential properties in volume at discounted prices from mortgage lenders and servicers.

Econohomes says this strategy allows it to quickly make properties available at affordable prices, with the average sales transaction taking less than 72 hours to complete.

The company’s online inventory comprises REO homes in more than 40 states, including properties that have been renovated and are ready for immediate move-in by owner occupants or rental by investors.