Zoocasa.com is now giving public access to home appraisal values for free.
Carefully guarded data on home appraisal values – once the private preserve of real-estate industry insiders – has been posted by a listings website backed by Rogers Communications Inc., which has tapped private databases to give people an instant estimate of a property’s value.
That’s from an article over at the Globe and Mail where they go on to talk about how moves like this weakens the position of Real Estate agents who’ve used privileged access to market information to justify their commissions.
The argument against such a move has always been that it impinges on personal rights to privacy, which isn’t such a long shot when the president of Zoocasa pitches it as a fun way to find out the value of friends and neighbors houses.
By entering any address in the country and providing a few additional details, such as the number of bedrooms and bathrooms in a house, a user can get an instant price estimate. It can give them a better idea of what their own house is worth – or something to gossip about around the dinner table as they discuss the net worth of friends, family members and neighbours.
“That’s one of the fun things about this service,” says Butch Langlois, president of Zoocasa. “It’s not necessarily your own home that you are interested in pricing.”