RE/MAX is pleased to announce the launch of its new Home Value Estimator in Canada, in partnership with Teranet and now available to consumers on REMAX.ca.
“Today’s homebuyers and sellers are savvier than ever, and most do their own research before reaching out to a real estate agent to start the process,” says Christopher Alexander, Executive Vice President and Regional Director at RE/MAX of Ontario-Atlantic Region. “A big part of the decision to buy or sell is determining if it makes sense financially. Unfortunately, home values have always been a murky area for consumers, as prices vary dramatically from one city to the next, and even between neighbourhoods within the same city. Our new Home Value Estimator provides that insight on demand, empowering consumers to make an informed decision.”
Getting a home value estimate is easy, and it’s free. Users simply log into their profile on REMAX.ca, or register to create one, and enter a Canadian address that’s piqued their interest (which isn’t already listed by a real estate agent). Then select the desired address from the drop-down menu. The home value estimate will appear at the top of the searched property page.
“We are proud to partner with RE/MAX to bring greater insights to consumers when researching the value of residential properties. Understanding current market value estimates is crucial when making selling and purchasing decisions.” Said John Robinson, VP, Commercial Solutions at Teranet. “The Home Value Estimator leverages Teranet’s national property information database and sophisticated mathematical models to produce current market estimates for residential properties across Canada. This is yet another example of how Teranet is helping to streamline the buying and selling process for Real Estate professionals and their customers.
“RE/MAX understands that today’s consumers want as much access to information as possible. The RE/MAX Home Value Estimator generates accurate, up-to-date estimated values of properties within seconds,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “Anecdotally, we’ve already received a lot of positive feedback regarding the usefulness of this tool during our pilot project in Kelowna, BC. We’re excited to now offer free home estimates for communities across the entire country.”
The RE/MAX Home Value Estimator is intended as a guide, and homebuyers and sellers are encouraged to contact a RE/MAX agent for an accurate market valuation.
About the RE/MAX Network
RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. Over 125,000 agents provide RE/MAX a global reach of more than 110 countries and territories. RE/MAX is Canada’s leading real estate organization with more than 20,000 Sales Associates and over 900 independently-owned and operated offices nationwide. RE/MAX, LLC, one of the world’s leading franchisors of real estate brokerage services, is a subsidiary of RE/MAX Holdings, Inc. (NYSE: RMAX). With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised millions of dollars for Children’s Miracle Network Hospitals® and other charities. For more information about RE/MAX, to search home listings or find an agent in your community, please visit www.remax.ca.
About Teranet
Teranet designs, develops and operates world-leading land information systems for the legal, real estate and financial services industries. In addition to owning and operating the electronic land registration system for the Province of Ontario, Teranet has developed specialized offerings to assist real estate agents, lawyers and financial institutions to better manage their decision, document and risk management processes. Recently, Teranet extended its registry services business through the acquisition of D+H Collateral Management Solutions. Teranet is a wholly owned investment of OMERS Infrastructure, the infrastructure investment arm of the Ontario Municipal Employees Retirement System.
For more information about Teranet, visit www.teranet.ca
