SANTA CLARA, Calif.,
March 12, 2020 /PRNewswire/
-- To help provide consumers with the information they need to
make confident choices, realtor.com® announced today that it now
displays estimated property values from three widely respected
sources on for-sale and off-market properties. Realtor.com® is the
only national home search site to offer a range of values from
third party sources.
To provide more insight into a home's value, realtor.com® is
partnering with the same trusted data providers used by lenders and
insurance companies to estimate a property's value. While not an
appraisal, this data will empower consumers to make more informed
and confident decisions when buying or selling a home.
"A home is often a person's largest asset, so it's natural to
wonder what it is worth. Additionally, everyone wants to make sure
they're getting a fair deal when buying or selling," said
Todd Callow, vice president, product
management, realtor.com®. "By providing consumers with multiple
estimates from the same sources that financial institutions rely on
to estimate a home's value, we are able to offer a broader set of
data to help our users make informed decisions about buying and
selling homes."
Many factors go into accurately estimating the value of a home
including location, size, finishes, school districts and much more;
so, property estimates can vary from one source to the next.
Although no automated model is 100 percent accurate, providing data
from multiple sources, each with their own unique algorithms,
enables consumers to have a more complete picture of home value.
While these data sources add a layer of transparency and show
consumers the information often only available to financial
institutions, they are not a replacement for the value gained from
speaking to a local real estate professional.
In addition to being included on for-sale listings, the values
will also appear in the My Home
portal, realtor.com®'s dashboard for homeowners to track everything
about their home including value, equity and mortgage, all in one
place. This will further help homeowners to understand the value of
their home and make decisions about refinancing, remodeling,
neighborhood changes and more.
Realtor.com® is a trusted source for accurate and transparent
real estate information and listings. These home value estimates
add an important data point from which consumers can more easily
buy and sell with confidence.
Home values are now available for web and mobile web with iOS
and Android coming soon. To see the new home values, visit the
My Home portal or property listings
on realtor.com®. To learn more visit: realtor.com/estimates.
About realtor.com®
Realtor.com® makes buying, selling and living in
homes easier and more rewarding for everyone.
Realtor.com® pioneered the world of digital real estate
20 years ago, and today through its website and mobile apps is a
trusted source for the information, tools and professional
expertise that help people move confidently through every step of
their home journey. Using proprietary data science and machine
learning technology, realtor.com® pairs buyers and
sellers with local agents in their market, helping take the
guesswork out of buying and selling a home. For professionals,
realtor.com® is a trusted provider of consumer
connections and branding solutions that help them succeed in
today's on-demand world. Realtor.com® is operated by
News Corp [Nasdaq: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move,
Inc. under a perpetual license from the National Association of
REALTORS®. For more information,
visit realtor.com®.
Media Contact
Nicole
Murphy, nicole.murphy@move.com
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SOURCE realtor.com