Raveis Real Estate unveils new online tool
Posted Nov. 10, 2014
William Raveis, chairman and chief executive officer of William Raveis Real Estate, Mortgage and Insurance, recently unveiled the company’s latest innovation: the Ravestimate system. The newest addition to Raveis.com will allow consumers the opportunity to receive an estimate of any home in the Northeast, using a combination of historical MLS data and public records. Public records will be pulled from local town halls for every single-family home, condominium and apartment for every town in Connecticut, Massachusetts, New York, Rhode Island, New Hampshire, New Jersey, Vermont and Maine.
“We’re excited to announce our latest innovation for consumers in the home-ownership process,” Raveis said. “We’ve spent a lot of time looking at what tool we could create to both make our agents more competitive in the marketplace and provide consumers with a more robust experience. Adding Ravestimate to our website accomplishes both.”
Working with Collateral Analytics, a company that develops real estate analytic products and tools to support financial institutions, institutional and retail investors, as well as property capital market activities, William Raveis created Ravestimate to help consumers leverage the company’s knowledge to get an estimate of a home’s value.
“Over our 40 years’ history, we’ve recognized that to stay on top, we have to be constantly innovating to stay one step ahead,” Raveis explained. “Ravestimate provides consumers with a 20-percent range for a home’s value, a more accurate range than other home-valuation tools, due to the fact that we’re pulling from both MLS data and public records.”
After typing an address into Ravestimate on raveis.com, consumers will be given a full property-information report, including an estimated price range and property value, property information, sales history, value history, comparable sales, a local-market snapshot and sold market trends.
To learn more or to try Ravestimate for yourself, visit raveis.com.