(PRWEB) March 11, 2005
"There are hundreds of online sites where a consumer can go to get a free home value analysis, and they're just about all the same, said Jim Lofton, creator of HomeValueZone.com.
They all only use past closed sales from the local MLS service. The problem is you're not selling your home in the past. In today's market homes are appreciating rapidly and if your pricing is based on homes that are already sold, you are missing a major factor."
HomeValueZone.com has special automated price trend software that performs (4) CMA's for an entire year and includes homes sold, but not settled and homes newly listed for sale now. The (4) CMA's are then averaged to create a monthly percentage increase for a specific home in a neighborhood.
"Knowing what homes sold for even in the recent past isn't good enough in a rapidly appreciating market like we have today, said Ralph Smith an experienced real estate agent in Northern Virginia. I use HomeValueZone on a regular basis in my daily business."
"If a home is found to be appreciating at 2% per month and won't settle for 45 days from the time it is listed, doesn't that equity belong to the seller?, said Lofton.
HomeValueZone.com is free for both homeowners and real estate professionals. It contains the automated price trend software, contact database, and other features designed to help real estate professionals in their daily work.
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