Housefax, which last year launched $59 property history reports that list mortgages, building permits, natural hazards, comparable sales and other relevant facts about a home, is partnering with Nationwide Property and Appraisal Services to provide “preappraisal” reports that the company says can prevent misunderstandings that lead to sellers overpricing their homes.

More than one-third of home sales are delayed, renegotiated or canceled because of the home appraisal falling short of the contract price, the company said, citing statistics from the National Association of Realtors.

Prepared by a professional appraiser, the Housefax Pre-Appraisal Report “gives home sellers and real estate professionals the value that banks lend on, upfront,” said Ryan Hernberg, president of Nationwide Property and Appraisal Services, in a statement.

The reports start at $199, about half the cost of a traditional appraisal, the companies said.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription