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RE/MAX New York offering clients latest in home evaluation tools.

RE/MAX of New York, Inc., the leading real estate franchise network, announced that it is among the several regions that have been chosen to be part of beta testing for a new home valuation tool created by RE/MAX International. The RE/MAX Neighborhood Valuation tool will give consumers an idea of their home's value based on similar home sales in the neighborhood.

The RE/MAX Neighborhood Valuation tool, a free service on www.remax.com, includes a comparison of the five closest home sales in any given area, a price trend analysis for the surrounding area and, if requested, a free comprehensive, Neighborhood Valuation Report which includes sale prices, school information and demographic data for the surrounding neighborhood. The tools have been in beta test since August 2007.

"There's no substitute for an experienced real estate agent when it comes to buying or selling your home," said Dave Liniger, RE/MAX International's Chairman and Co-Founder. "But homeowners should be educated and involved in the process and RE/MAX has the most experienced agents, the most trafficked web site of all real estate networks, and now the home valuation tools to help them buy or sell a home."

"RE/MAX of New York, Inc., is pleased to be one of the first states in the RE/MAX System to test this innovative technology. No other real estate company is offering this level of technology free to consumers. The RE/MAX Neighborhood Valuation tool is a valuable resource available to homeowners and people seeking to purchase homes. It provides them with accurate reports and data of houses sold in specific neighborhoods," said Henry Weber, President and Regional Director of RE/MAX of New York, Inc.

Unlike other home valuation sites, the Neighborhood Valuation Report doesn't provide an estimated value for a specific property. Instead, it provides a price range for comparable sold properties based on the sale price of those properties and emphasizes the importance of using a RE/MAX professional for a more accurate analysis of a home's market value. The RE/MAX Neighborhood Valuation tools are expected to be out of beta test early next year.

The RE/MAX Neighborhood Valuation tools are driven by data compiled from home sales nationwide and aggregated from a variety of reliable sources, primarily county courthouse deed transactions. The data spans a 14-month period and includes more than 60 million historical homeowners and mortgage records, dating back to 1981.

Engineers of the new tools hope to compile feedback on performance and ease-of-use during the beta test. Visitors who request a Neighborhood Valuation Report can provide feedback via a link on the results page.

RE/MAX continues to lead the industry with cutting-edge technologies including its comprehensive property search engine on a single web site that offers more than 90 percent of all United States home listings. Remax.com averages more than 2.7 million unique visitors a month, far more than any other national real estate brand.

According to Hitwise.com, RE/MAX was the second most searched real estate term in September 2007.
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Title Annotation:TECHNOLOGY
Comment:RE/MAX New York offering clients latest in home evaluation tools.(TECHNOLOGY)
Publication:Real Estate Weekly
Date:Dec 19, 2007
Words:512
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