Select Home Estimator Press Release

 

Berkshire Hathaway HomeServices Select Properties

Introduces Local Home Value Estimates for Consumers

The Select Home Estimator and Interactive-AVM report provide a more

accurate perspective of local market trends.

 

ST. LOUIS (Feb. 2, 2015) – Berkshire Hathaway HomeServices Select Properties introduced the Select Home Estimator that allows consumers to enter any U.S. address to “click and see” local and national home value estimates on both the company’s and 550 agents’ websites, as well as a more detailed and comprehensive report used by lenders to estimate home values for mortgages.  

Estimates from the innovative Select Home Estimator feature are free and do not require registration.  Consumers can visit www.bhhsselectstl.com to find a local home value, after which they can register for the Interactive-Automated Valuation Model (I-AVM) -- a more comprehensive market analysis report -- by submitting their name and email address. Berkshire Hathaway HomeServices Select Properties is the first brokerage in Metro St. Louis to provide the innovative analytics tools to consumers.   

“The results of typical national real estate websites have been primarily based on tax records. We chose Collateral Analytics for their higher accuracy rate in home values,” said Maryann Vitale Alles, President and CEO of Berkshire Hathaway HomeServices Select Properties.  “The Select Home Estimator provides a more accurate perspective of local market trends.  Consumers will receive not only a value estimate and a value range, but have the opportunity to work with an agent to access the more in-depth I-AVM report that provides them with additional data from Public Records and tax records -- including last sale price and date -- comparable properties and local housing trends.”

For example, if a property sold a day or two earlier, the sale would be reflected in the I-AVM report, as opposed to reports based just on tax records, which may take weeks or months to update.   The I-AVM report, which is available to BHHS Select Properties agents, combines Multiple List Service (MLS) data, Public Records, tax records as well as the unique insight from the local agent, for a more accurate value estimate.  Agents can access hyper-local information on just a particular subdivision, for example.

“Our consumers gain significant insight that helps them better navigate the process of buying and selling a home,” Vitale Alles said. “These powerful tools, combined with the unique experience of our 550 agents, provide highly accurate home-evaluation needs that our customers are looking for.” 

The Select Home Estimator and I-AVM report are provided in partnership with Real Estate Web Solutions (REWS) and ReMatics/Collateral Analytics.  REWS specializes in integrated technology solutions for the real estate industry.  Collateral Analytics, which has been rated as the most accurate source by the lending industry, develops analytic products and tools to support financial institutions, residential real estate brokerages, institutional investors, and real property capital market activities. ReMatics specializes in designing, building and implementing highly efficient technology-based solutions for a variety of businesses and government agencies.  

Formed in 2002, Berkshire Hathaway HomeServices Select Properties has 9 offices throughout the St. Louis Metropolitan area, representing 550 agents, and is part of the largest relocation and referral global networks. Formerly Prudential Select Properties, the company was recognized as one of the 2014 Top Workplaces in St. Louis by the St. Louis Post-Dispatch. In addition, it ranks as the No. 1 locally owned real estate firm in St. Louis; No. 2 in real estate transactions recorded by the St. Louis Association of Realtors; 2nd as the largest residential real estate agency in St. Louis by the St. Louis Business Journal; and,26th in the Prudential Real Estate Services national network.  The company was named the 16th Largest Female-Owned Business in the Greater St. Louis Region, and is in the top 20 percent of real estate firms nationwide.  The company also ranks 6th nationwide in donations to the Sunshine Kids Foundation among participating Prudential and Berkshire Hathaway HomeServices real estate affiliates. For more information, please visit www.bhhsselectstl.com, or call 314.835.6000.

 

 

 

 

 

 

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