Franchisor Re/Max LLC is providing its agents with access to CoreLogic’s "HomeStandings" data and analytics reports, which evaluate property, neighborhood and market data to generate report cards grading an individual property’s value, marketability and rent potential.
Designed as a tool for investors, REO asset managers and appraisal review teams, the HomeStandings reports take into account factors like foreclosure rates, price relative to market, foreclosure exposure, school district rank, crime rate, rental occupancy, distress dominance, sales price and inventory level.
CoreLogic says it’s generated more than 2 million HomeStandings reports for three of the nation’s largest mortgage companies. Now, the company said, Re/Max agents are able provide their clients with essential data that will help them manage risk and decide whether to sell or rent properties purchased as investments.
"Homebuyers and sellers are always anxious to understand the true value of their home, and increasing numbers of investors will appreciate this information in analyzing the specifics of their real estate investments," said Mike Ryan, executive vice president of Re/Max Global Communications, in a statement.
The HomeStandings reports are available on Re/Max Mainstreet, a members-only website for Re/Max affiliates, Re/Max employees and Re/Max-approved suppliers.