The same way you wouldn’t buy a pre-owned car without seeing a Carfax report for the real dirt, buyers and renters should use the Revaluate data to better understand a home’s potential pitfalls and benefits.
New York, New York (PRWEB) November 09, 2015
After a successful launch in the hot Manhattan real estate market, home, apartment, condo, and co-op review website Revaluate is headed West to another city with a housing boom: San Francisco. The company launched the free site today in San Francisco and will expand to 18 markets in 18 months.
With Revaluate, prospective renters and homeowners enter an address and find out how their potential new abode fares on measures such as safety, the environment, expenses and quality of life. Revaluate calculates an overall “Livability Score” for the address and shows never before seen data that’s been locked in government databases.
On many housing sites, sellers carry on about stainless steel appliances or quartz counter tops in listings while heavily Photoshopped images exaggerate room dimensions and greenwash patchy brown lawns while glossing over factors that really matter to residents. Revaluate allows renters and buyers to quickly compare unique differences among homes that appear to be of similar quality when it comes to traditional measures. Revaluate cuts to the chase and answers the big question: “What’s it really like to live there?”
Revaluate Co-Founder Chris Drayer says, “Livability is a key measure, especially when you consider that 39% of people say they don’t like where they moved and wish they had chosen a different home. It’s an opportunity for someone to dramatically better their odds of being happy in a new home or apartment.” [source: Research Now, 2014]
According to Tim Segraves, Revaluate’s other Co-Founder, “We have spent considerable time culling incredible amounts of data and building advanced algorithms. The same way you wouldn’t buy a pre-owned car without seeing a Carfax report for the real dirt, buyers and renters should use the Revaluate data to better understand a home’s potential pitfalls and benefits.
The content—which analyzes an average of 598 records per address—is turning out to be quite addictive: The Manhattan reports receive more than 20,000 page views per month, and 10% of visitors are spending more than three hours on the website.
Chris Drayer adds, “Because we have such unique and sticky data, Revaulate is also a powerful real estate lead generation platform. We have seen some significant realtor interest and we will be testing different approaches as we grow.”
Revaluate is helping people make the right move and is working with industry partners to improve the real estate experience. According to Stephany Blount at Manhattan Residential Group, “Revaluate is a powerful tool in our Real Estate Arsenal.”
Armed with more than 10 times the data of the MLS, Revaluate refines and organizes massive amounts of government data that powers its algorithm, which lets consumers quickly compare homes while also allowing them to drill into the fascinating and useful details. The company continuously mines and processes data to spot trends and notify users of changes to neighborhoods and properties. In New York and San Francisco, Revaluate now has the largest consumer-facing real estate data source.
Revaluate is a real estate website that mines data from a wide range of public and private sources and uses the information to produce free home history reports, each covering a specific residential address. These reports are intended to help consumers make better-informed housing decisions, analogous to the need that online reviews serve for other products and services. The company was founded in 2014 and is headquartered in Boulder, CO.