The homepage now shows the market coverage, clearly laying out the names of the counties Homequant currently covers. By simply clicking on the name of the county in which the subject property is located users can access the Valuation page and start valuing the property.
The most significant enhancement in this release involves the switch from the prior algorithm-driven final five comps contributing the valuation of the subject to a totally self-directed environment. Users are now presented with up to ten best matched comps – based on their own selection criteria and adjustment coefficients – in tabular format with the pertinent data as well as spatially. In order to enable them to study the output multi-dimensionally, sort capability has been added to all column headers.
Users may select the final five comps by checking the boxes on the table or clicking on the balloons on the map. If, after having checked the required five comps on the table, the user realizes that a comp might have been drawn from an incompatible pocket, s/he can deselect it right on the map and replace it with one from a more compatible area. Therefore, the introduction of the concurrent spatial output will do away with the old adage – from our valuation engine – that ‘the other side of the highway is a different market area.’ Needless to say, unlike on other real estate info sites, the users on our site will make a more informed decision as the comps would be adjusted in terms of time and attributes.
As usual, instead of offering outdated and frozen model-driven values, Homequant empowers its users with an innovative yet totally self-directed comparable sales system, with numerous advanced features like comp matching, size and time adjustments, multiple ranking options, professional-
Homequant.com is not only an excellent market knowledge tool for the current and future homeowners, but is also great for appraisers, assessors, analysts and brokers needing quick validation of their existing values. It’s great for appraisal reviewers and hearing officers as a QC/review tool. It’s perfect for loan officers needing a “first look” valuation. It’s ideal for homeowners to get a second opinion to challenge over-assessment. Unlike econometric AVM, it provides total transparency. Unlike BPO, it’s backed by a sophisticated valuation system.
Of course, everything is still in plain English, presented in an easy-to-understand format, without the usual appraisal jargon. And it’s all free and requires no registration or login whatsoever.
People on-the-go will find Homequant’s Mobile Apps – for both Android and iPhone – extremely useful. Download links are available on their site.
The President of Homequant recently explained its invention: “There are roughly 90 million single family homes in the US and, on average, 3% of that universe annually sells. By inventing the concept of the simulated subject, we are able to value those 97% unsold properties by storing only the 3% sold data. The home valuation industry will soon recognize the significance of our invention.”
If you’d like more information about their website, or to schedule an interview with them, please call 718-314-4081 or email them at: email@example.com