Thursday Jul 31, 2014

Zoocasa Launches Zoopraisal – Find out what your Home is Worth

26 October 2011

Zoocasa has recently announced a new feature called Zoopraisal, a new feature that in my opinion will come to benefit a lot of homeowners and homebuyers.

Zoopraisal allows Canadians to get online home price estimates for the first time. What makes Zoopraisal even better is the fact that it only takes three simple clicks to get your home estimate. Zoopraisal is the first tool to allow Canadians to estimate a house’s value online.

Zoopraisal is the newest tool we will be seeing in a long line of new tools and services to support consumers in their home search process.

With Zoopraisal at your disposal you now have access to information that has been coveted by real estate agents; who have used the data to their advantage when gaining clients. I am in no way arguing the value of a real estate agent; I do believe their experience in their field s a huge asset when selling a home.

How does Zoopraisal Work?

Zoocasa has partnered with Centract Settlement Services; with this partnership users will have information available to them through Zoopraisals, making their home estimates accurate.

In order to use Zoopraisals, users will need to input the location of the home, and additional information . The additional information includes the number of bedrooms and bathrooms the house has, the living area size, lot size and the year the house was built.

Now I am sure many you might be thinking about the additional work you may have done to your house, such as landscaping, or changing your countertops to granite. Zoopraisals does not take that information into account. Regardless of those missing details, with the information you put into Zoopraisal, you are able to get a good estimate of your house value.

That being said, it was explained that Zoocasa will continue to evolve Zoopraisals; in the future we could see it taking all of these home improvements into account allowing you to get an even more accurate home estimate.

One part I like about Zoopraisal is that you do not even need to enter your own home; you can have some fun and determine the pricing of various homes whenever you want.

How do I use Zoopraisal?

Now, the fact that it takes only 3 clicks to get your home estimate was not a joke. It really is 3 clicks, however you need to input a bit of information throughout those 3 clicks to get your home estimate. Personally, it took me about 20-30 seconds to get my Zoopraisal – and that include the amount of time it took to enter my information into the fields.

Screen shot 2011 10 26 at 10.55.57 AM Zoocasa Launches Zoopraisal   Find out what your Home is WorthAs you can see, you first need to enter the address of the home your want to be appraised.

Zoopraisal%E2%84%A2 Automated Home Valuation Tool 2011 10 26 12 33 44 Zoocasa Launches Zoopraisal   Find out what your Home is WorthFrom there you need to select the style of the property of the location; you have a choice between “Side Split”, “Bungalow” and “2 story”. There are options for “Condo” and “Townhouse”, however it is currently greyed out, which tells me that those choices should be in at some point in the future.

Zoopraisal%E2%84%A2 Automated Home Valuation Tool 2011 10 26 12 34 12 Zoocasa Launches Zoopraisal   Find out what your Home is WorthAt this step you need to enter the property details. This includes the number of bedrooms and bathrooms the house has, the living area size, lot size and the year the house was built. Once you finish you just need to click “Get Zoopraisal”.

Zoopraisal%E2%84%A2 Automated Home Valuation Tool 2011 10 26 12 35 26 Zoocasa Launches Zoopraisal   Find out what your Home is Worth

It was an easy process, and in the end I have an estimated value of the house I was interested in. As you can see above, Zoopraisal also offers you their pricing range for the requested property, giving you an idea of what your low and high pricing values might be.

Zoopraisal is definitely a game changer in today’s real estate industry. Homeowners can now get an estimate of their home, and of other properties in their neighbourhood to come up with a better estimate of their own home.

I for one like what I am seeing from Zoopraisals, and if this is just the first of many new tools Zoocasa has to offer, I cannot wait to see what else they bring out to consumers.

Take a few minutes out of your day and play around with Zoopraisal, I am positive you will have fun estimating house prices.

What do you think of Zoopraisals?

 

 

About the Author

Sensei

My favorite weapon of choice is the samurai sword. I use it to cut my chicken during dinner, cut my hair and periodically carve my name into stone when I am bored. I love meditating on top of a 15ft high pole and eating those sushi’s with smoked salmon on top. I love everything there is about Canada and everything financially related to Canadians. I write deily posts from Canadian Banks to Credit Card information.

Comments (9 )



VonP Wrote:

Not so sure about this product. I like the idea, but one would be foolish not to use accurate comparable to assess the true value of a property. Time for public access to the “sold” database in MLS…

[Reply]

Mike Andrews Wrote:

This is amazing! Best part is this helps me roughly know how much my house is worth. I’ll let my agent do the talking but this helps educate us consumers further.

[Reply]

Bank Guru Reply:

I agree it provides value!

[Reply]

Louis Wrote:

As a realtor, this hurts my business. It doesn’t provide ‘value’ it provides killing leads for me.

[Reply]

Sensei Reply:

Personally, I feel this could generate a few more leads considering the fact that people cannot get a value that represents any upgrades they may have done to their home. For them to find out that price they could call a real estate agent for their expert opinion.

[Reply]

Bank Guru Wrote:

I think it provides value to consumers. If I am a consumer I want to know how much my house is worth. I do everything online, why wouldn’t I do home valuation online? ZooCasa even stresses that they recommend using a Realtor for a more accurate value. It’s a win-win for consumers and agents.

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jack Wrote:

I’m beginning to think that I am stupid I got nowhere fast with your web site and I am really pissed!

[Reply]

Martin Reply:

I totally share your comment, I registered, confirmed my e-mail, but ‘nadda’ nothing happened and nothing seemed to work

[Reply]

Shawn Wrote:

Ok, maybe I am stupid also, but! Where do I go to enter my info, cannot enter it above…

[Reply]

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