Markets & EconomyTechnology

Housefax slashes price of property reports amid competition

Property reports once priced at $59 now offered for $10

Having previously charged $59 for a property history report, Housefax is now offering one property history report for free and charging $10 for every subsequent report.

The new pricing model comes as startups that provide free property reports gain traction. AddressReport and Porch have both recently begun using their property reports, which consumers don’t have to pay for, to generate leads for brokerages.

Housefax’s property history reports include data on building permits, fires, floods, sinkholes and meth labs.

Housefax offers two other types of reports that were unaffected by the new pricing model: an insurance claims report, which shows insurance claims made on a property in the past five years, and a “preappraisal report,” a valuation based on an in-person visit by a licensed appraiser that costs half the price of a traditional appraisal.

Housefax recently secured a spot in the Clareity Store, offering more than 100,000 brokers and agents deeper insight into homes they plan to list from their multiple listing service dashboard without having to log in to a separate account.

Other Housefax competitors include Homefacts.com and Revaluate.

Email Teke Wiggin.

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