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Homequant Launches Spatial Comp Sales and Custom AVM Products for Lenders and Public Agencies


 
PRLog - Jul. 30, 2014 - LOS ANGELES -- Homequant is pleased to announce the launch of its B2B product suite for lenders and public agencies.

Homequant’s product suite comprises both Comparables-based as well as econometric AVM products. Their Comparables line comes with a user-friendly spatial interface allowing users to select comps directly off the map, while the AVM products use a proprietary econometric modeling algorithm.  Their suite will be custom tailored to meet clients’ broad range of requirements – from single family residences to multifamily rentals to commercial and industrial properties.

In addition to a total spatial interface, Homequant’s Comps products will have a host of custom choices, including but not limited to: onscreen or traditional adjustment matrix; up to 24 property characteristics and location variables; linear or non-linear time adjustment with a definable valuation dates including backward-bending dates; variable minimum number of comps to value a subject with an elastic comps pool size; multiple ranking options including distance, sale date and least adjustment; and, of course, an accommodating reporting package, including the all-important comps grid.

Unlike the existing AVM industry which tends to market ready-made AVM values, Homequant’s AVMs will entail completely custom generated values using the client’s own data, their specific needs and resulting specifications. They are even pioneering AVMs for all major commercial and industrial property categories (excluding Coops, Dining, Malls and Mining). All of their modeling work is performed in-house, by a highly qualified modeling team that includes graduates from Harvard, U/Chicago, etc.

Their custom AVM service is ideal for the County Assessors lacking a budget to hire in-house modelers but is sold on the need for AVM values to produce an equitable roll; critical for Tax Review Commissions to study the type and level of inequity in assessment rolls leading to mass appeals; perfect for the Grievance Consultants surgically identifying the cases where over-assessment could be a definite possibility; and great for the Portfolio Managers looking to re-price their portfolios in line with the current market, just to name a few.

Of course, Homequant strongly recommends the use of both products together as they complement each other. For example, once the over-assessed cases are identified by the custom AVM, a Grievance Consultant should use the Spatial Comps to individually work-up those cases, properly armed with presentable reports, to negotiate with the Hearing Officers. Considering both of our custom products would share the same underlying data from the client, the outcomes would be significantly closer and hence more defensible.

While introducing the B2B suite, the President of Homequant said, “By offering this custom B2B suite we are making an emphatic case as to how different we are relative to the competition. Our competition loves to market ‘one-size-fits-all’ products, whereas we believe in offering custom solutions meeting our clients’ individual needs. For a limited time, we will even back up our custom AVM products with a 100% satisfaction guarantee which is extraordinary in the custom development market. If a client is not totally satisfied with our AVM values, they will owe us nothing. We will take the entire hit. So, what do they have to lose?”

If you’d like more information about their products, or to schedule an interview with them, please call 718-314-4081 or email them at: contact@homequant.com

Media Contact
Homequant
718-314-4081
***@homequant.com

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Source:Homequant Inc.
Location:Los Angeles - California - United States
Industry:Banking, Government
Tags:Commercial AVM, Spatial Comps, Automated Valuation Modeling, cama modeling, comparable sales
Last Updated:Aug 02, 2014
Shortcut:prlog.org/12354084
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