Christian Real Estate Blog

New company serves up real estate reports for a fee

A new service has been launched to help buyers discover the value of prospective homes. http://www.homesmartreports.com

Inman Real Estate News - New company serves up real estate reports for a fee: "The company, which launched six months ago, offers a HomeSmart Value Report, which is available nationwide and provides homeowners with an estimated property value based on an analysis of area sales activity. This valuation report costs $24.95.

A sample report at the Web site shows median, average, high and low sales prices for the area, as well as market strength, the market foreclosure rate, appreciation rate, and the "paired sale count," which is a measure of how many times a property sold within a three-year period.

The HomeSmart Value Report also contains information on nearby sales; a sales history, sale price and loan amount (if available) for the entered address; the assessed value of the property and tax amount, along with basic property details such as square footage and number of bedrooms, bathrooms and total rooms.

The company also offers a HomeSmart Report for prospective home buyers, which costs $6.95 and provides similar information on area risks, foreclosure activity, sales volume, price fluctuation and other factors that indicate market risk around a specific property of interest.

Visitors to the site can also use a free routing tool, which allows users to enter up to six addresses that they wish to visit. The site then computes the quickest driving route to see all of these properties, and provides driving directions and map images for each address.

The site is intended to offer consumers "basic tools that will help them understand the market they're in whether it's a specific property value or trying to understand and analyze the neighborhoods in which they're considering the home purchase or sale," he said."

posted by Justin Smith @ 1/25/2006 03:20:00 PM