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iCrowdNewswire Oct 27, 2020 11:42 AM ET

Homesnap Introduces Sell Speed Tool For Real Estate Agents


Homesnap Introduces Sell Speed Tool For Real Estate Agents

iCrowd Newswire - Oct 27, 2020

 Homesnap, the leading provider of technology solutions to the real estate industry, announced the debut of Sell Speed, a proprietary artificial intelligence algorithm composed of hundreds of up-to-the-minute real estate market data points that predicts how quickly a home will sell at various prices. This new feature gives agents confidence in recommending price levels in a rapidly-changing real estate environment.

Currently available in beta to Homesnap Pro and Homesnap Pro+ users, Sell Speed helps agents better understand their market and develop pricing strategies. Agents can view the Sell Speed of their current listings or any off-market property. With Sell Speed, agents can: 

“In this intense housing market, pricing homes accurately is more important than ever. Sell Speed was designed to help Homesnap agents amplify their market knowledge both to keep their current clients informed and at ease and to secure potential clients,” said John Mazur, Homesnap CEO.

Agents can adjust a home’s price up to 30% in either direction of the list price or estimated home value. As the price is adjusted, the selling probability timeframe dynamically updates to produce the estimated time in which the property will sell. Unlike other price-predictor tools that can cause confusion with clients and home searchers, Sell Speed is not consumer-facing and is available only to Homesnap Pro agents.

“We consider Hundreds of data points to produce the Sell Speed of a home,” said Guy Wolcott, Homesnap Founder. “Homesnap’s proprietary machine learning algorithm takes current market conditions, similar listings, recent sales, buyer activity and listing agent behavior among others into account to produce the Sell Speed.”

The Sell Speed agent tool is currently in beta and available on web, iOS and Android devices to registered Homesnap Pro agents. For more information, visit www.homesnap.com.

ABOUT HOMESNAP:
With easy-to-use mobile technology fueled by unmatched, real-time data intelligence, Homesnap is changing the way real estate agents connect with consumers and serve their clients. Homesnap combines people, property and data with enterprise-grade software for real estate professionals to run and grow their business at every stage of the real estate transaction. The industry-endorsed Homesnap platform leverages AI, machine learning and big data from over 500 data sources and over 240 MLSs to provide more than one million U.S. agents with access to powerful mobile software that automates workflow and optimizes the search and sell experience for their clients. With the Homesnap mobile app, the highest rated consumer home search application; Homesnap Pro, the industry-standard mobile business platform for agents; and the Homesnap national home search portal, a joint venture with the industry-backed Broker Public Portal, the integrated Homesnap platform is transforming the real estate business. www.homesnap.com.

MEDIA CONTACTS:

 

Abby Sanders, Director of Communications & Events                 

Maggie Nemecz, PR Associate Manager

Phone: (202) 808-0223                                                             

Phone: (202) 750-5889

Email: asanders@homesnap.com                           

Email: mnemecz@homesnap.com 

Contact Information:

Abby Sanders, Director of Communications & Events 








Tags:    Wire Real Estate, Wire, United States, English