2007 Press Release
RE/MAX continues to lead the industry with cutting-edge
technologies like a comprehensive property search engine on a single web site
that offers more than 90% of all
According to Hitwise.com RE/MAX was the second most searched real estate term in September 2007
RE/MAX Tests New Home Valuation Tool
RE/MAX Neighborhood Valuation Tools Will Arm Homeowners with Comparison Home
Sales
(November 29, 2007) - RE/MAX International, Inc., one of the largest real
estate networks in the world, announced today that it is beta testing a new
home valuation tool that will give consumers an idea of their home's value
based on similar home sales in the neighborhood.
The RE/MAX Neighborhood Valuation tool, a free service on www.remax.com,
includes a comparison of the five closest home sales in any given area, a price
trend analysis for the surrounding area and, if requested, a free
comprehensive, Neighborhood Valuation Report which includes sale prices, school
information and demographic data for the surrounding neighborhood. The tools
have been in beta test since August 2007.
Unlike other home valuation sites, the Neighborhood
Valuation Report doesn't provide an estimated value for a specific
property. Instead, it provides a price range for comparable sold properties
based on the sale price of those properties and emphasizes the importance of
using a RE/MAX professional for a more accurate analysis of a home's market
value. The RE/MAX Neighborhood Valuation tools are expected to be out of beta
test early in 2008.
The RE/MAX Neighborhood Valuation tools are driven by data compiled from home
sales nationwide and aggregated from a variety of reliable sources, primarily
county courthouse deed transactions. The data spans a 14-month period and
includes more than 60 million historical homeowner and mortgage records, dating
back to 1981.
RE/MAX International is the nation's number one
real estate franchise according to Entrepreneur Magazine's 29th Annual
"Franchise 500 Survey." RE/MAX has held the honor of the top real
estate franchisor for eight of the past ten years.
Agents - nearly 115,000
-- Offices - more than 7,000
-- In more than 65 countries