Issaquah, WA (PRWEB) September 23, 2004
Instant House Values.com (http://www.instanthousevalues.com) today announced the introduction of online self-service home appraisals. The companyÂs new service provides consumers access to the same automated appraisal technology and reports used by banks and mortgage companies to approve mortgage and home loans.
Today homeowners generally rely on their own research and/or the assistance of one or more real estate agents to arrive at the listing price for their homes. Determining the best listing price requires careful consideration. Overpricing can result in a long sale cycle with several potential drops in price, causing buyers to suspect hidden problems. Under pricing can also be a costly mistake, leaving a homeowner wondering if they might have received an extra $10,000 to $50,000.
A professional licensed real estate appraiser typically looks at the sales transactions of three comparable homes, makes adjustments based on differences and estimates a value. Automated appraisal reports derive their values from analyzing the characteristics of hundreds of properties and make dozens of detailed adjustments.
The cost for a standard real estate appraisal report can run $350.00 to $500.00 and generally requires 5 to 10 days to be completed. The companyÂs automated appraisal reports cost less than $30.00 and are available instantly via the Internet.
ÂWe are excited to be one of the first companies to provide consumers nationwide with access to mortgage industry real estate appraisal reports,Â said Stephen Schramke, founder of Instant House Values.com. ÂThe use of automated online appraisal reports by consumers will likely become a common part of the real estate buying and selling process, the same way home inspections have become standard practice.Â
About Instant House Values.com
Instant House Values.com, Inc. provides consumers with online automated real estate appraisals in 41 states and over 600 counties nationwide. The companyÂs consumer-driven, self-service real estate appraisals provide a quick and inexpensive alternative to traditional real estate appraisal services. The company has provided consumers with over 10,000 reports since the website went online in March this year.
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