Unlocking Hidden Gems: How to use somantic.net to discover undervalued properties in Germany

In the fast-paced world of real estate investing, finding undervalued properties can be a game-changer for investors. These hidden gems offer the potential for significant returns on investment (ROI) and attractive cash flows. However, identifying such opportunities requires time and more than just luck; it demands access to comprehensive data and sophisticated tools. The tool Somantic is solving these issues by helping investors discover undervalued properties in Germany efficiently without wasting time on manual research. In this post, we’ll explore how to leverage Somantic to find these lucrative opportunities and stay ahead of the competition.

What is Somantic?

Somantic is a free real estate meta crawler that aggregates property listings from multiple sources (Immowelt, Kleinanzeigen, Ohne-Makler, ImmobilienScout24 etc.) across Germany. It provides users with a platform to filter and analyze properties based on various criteria such as location, square meter, price, ROI, cash flow, and more. One of its standout features is the ability to identify properties priced below market value, enabling users to uncover hidden gems effortlessly.

Key Features for Investors

Somantic offers a range of features tailored to investors looking to maximize their returns:

1. Comprehensive Filtering Options: Users can filter properties based on criteria such as location, size, price, ROI, and cash flow. This allows investors to narrow down their search to properties that meet their specific investment goals.
2. Price Below Market Value Indicator: The “price below market value” filter is a powerful tool for identifying undervalued properties. When this boolean value is true, it indicates that the listing price is below the somantic calculated model price, highlighting potential hidden gems. See my previous post how we calculate the model price and rent here.
3. Subscription and Notification System: Once users have set their preferred filters, they can subscribe to receive notifications via email or Telegram. This ensures that investors are alerted instantly when new properties matching their criteria are listed, giving them a competitive edge.

How to Use Somantic to Find Undervalued Apartments in Hamburg

Let’s walk through a hypothetical example. Suppose you’re interested in investing in rental properties in the beautiful city of Hamburg with a high ROI and cash flow. You would set your filters for example as follows:

• Federal State: Hamburg (yes the city is a federal state also known as Bundesland)
• Square Meter: Min. 50 sqm
• Price: Max. 500.000 €
• ROI: Above 5%
• Cash Flow: Positive
• Price below market value: True

Step 1: Set Your Filters

Begin by accessing Somantic and navigating to the apartment to buy listings table.

By default no filters are selected which also can be seen through the url structure. We decided to encode the filter through the url so that sharing filters becomes easier between users. By clicking on the filter button on the top left corner we can open the filter side bar.

Select the Bundesland Hamburg.

Which now filters the table for Hamburg only apartments with the url.

Now set the minimum square meter size to 50m² and press enter.

This gives us now the url.

Next set the maximum price of 500.000€.

This gives you the url. As you can see we are slowly but steady building our filter url.

Next set the RoI to be a minumum of 5% and press enter.

Now we have the url.

We want a positive cash flow so we set a minimum of 0.

This results in the url.

And now to find our hidden gems we set finally the price below market value to yes.

Which finally gives us the url to bookmark. Looking through the table and scrolling down we notice that we found 260 active apartments with an average price per square meter of 3.082,66€.

Looking at the last listed apartment of the first page we notice that the price being listed is 469,000.00€ but our model calculates an average market price based on similar apartments in that location to be 585,335.57€. Which is ~20% below market value. Now we can start our detailed in depth analysis on this specific apartment.

Step 2: Subscribe for Notifications

After configuring your filter you can save it

and subscribe to it via Telegram and/or E-Mail if you are a registered user.

This feature ensures you stay informed and can act quickly on promising opportunities. As you can see I am already using it.

Conclusion

Somantic empowers real estate investors with the tools and data needed to uncover hidden gems in the German property market. By utilizing its filtering options, price below market value indicator, and subscription system, investors can streamline their search process and gain a competitive advantage. Check out Somantic for yourself it’s free. If you are a developer and would like to use our API subscribe to it on RapidAPI. If you have feedback or you find bugs please report them here.