Connect with us

Hi, what are you looking for?

The American GeniusThe American Genius

Business News

Trulia home value estimates program goes national

Trulia launches “Trulia Estimates” across the nation, asks consumers to claim their off-market homes and update information on their homes for a more accurate home value estimate through their algorithm.

Trulia Estimates program exits open beta

Last fall, Trulia.com launched “Trulia Estimates” into open beta after testing in San Francisco, saying consumer demand for home value estimates drove the development of the project. After consumer and real estate professional feedback, Trulia is announcing today that the program is now available nationally for over 50 million off-market homes in nearly 500 counties.

The company says the product is intended to aide consumers in understanding market trends and that they’ve “received tons of positive feedback about how this provides a useful starting point for understanding home prices and informs decisions about buying, selling, refinancing, and renovating.”

Consumers can claim a property, update the home’s public profile for accuracy and completion and generate a “Trulia Estimate,” or a modified AVM (automated valuation model) price.

Updating property facts and data

Trulia Estimates is available from the landing page, prominently displayed near the top with a “new” tag next to it, and the company is promoting the service, telling homeowners they should update public facts about their property, add more home features and correct any inaccurate or outdated info so the Estimate is most accurate. Alterations to the estimate are updated live.

Advertisement. Scroll to continue reading.

Trulia Estimates pulls only from public record data rather than a third party source and the site allows homeowners to claim their home and update features which ultimately will have an impact on the Trulia Estimate for that address in real time, Trulia told AGBeat.

The company notes to consumers, “Keep in mind that while Trulia Estimates are a great starting point for consumers, these estimates do not replace the valuable expertise and local market knowledge provided by real estate professionals. On each page, you have the option to contact a real estate agent to get a professional estimate based on local comps, active listings, price trends and other factors. Connect with a real estate pro to get the real inside scoop on your home and local area.”

Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

Click to comment

Leave a Reply

Your email address will not be published.

The
American Genius
news neatly in your inbox

Subscribe to our mailing list for news sent straight to your email inbox.

Advertisement

KEEP READING!

Business News

(FINANCE) An anti-trust lawsuit against major players in the residential real estate industry sheds light on misinformation and misunderstandings about commissions - when you're...

Business Marketing

(MARKETING) Opcity is the Austin startup making big changes to the ways that lead generation happens in real estate.

Business News

(REAL ESTATE NEWS) NAR CEO Dale Stinton is set to retire after his successor is named. Stinton is known for his steady leadership and...

Business News

(BUSINESS NEWS) As job searching continues to go global, a deeper understanding of the employment mindset is needed.

The American Genius is a strong news voice in the entrepreneur and tech world, offering meaningful, concise insight into emerging technologies, the digital economy, best practices, and a shifting business culture. We refuse to publish fluff, and our readers rely on us for inspiring action. Copyright © 2005-2022, The American Genius, LLC.