NEW YORK, Feb. 7, 2006 (PRIMEZONE) -- PropertyShark.com announces its home sale-price maps to empower appraisers and real estate professionals to effectively serve home buyers and sellers.
Launched as a beta, an example of this map for New York City can be seen here: http://www.propertyshark.com/maps/sales/
"We've decided to launch this on the eve of the launch of residential home valuation tool Zillow because, in my opinion, computer-based automated valuations, such as those you will likely see at Zillow, are more likely to be wrong than right. Every property is an illiquid, unique asset, and a computer program cannot accurately predict the price it will fetch on the market," commented PropertyShark.com founder, Matthew Haines.
PropertyShark.com, which is designed primarily for use by appraisers and real estate professionals, provides users with the original data directly from government records, including sales price, mortgage amounts, document images, and ownership records.
"My understanding is that Zillow is out to disintermediate the broker and real estate salesperson, attempting to devalue the broker's Comparable Market Analysis by providing an instant valuation of sorts. Unlike Zillow, PropertyShark.com is focused on empowering real estate professionals, not disempowering them. We give professionals, and savvy consumers, the actual raw data, as well as an unprecedented level of depth which captures the unique nature of each piece of real estate and its value," expanded PropertyShark.com chief executive officer, Ryan Slack.
About PropertyShark
With over 20 million properties in sixteen major markets, PropertyShark (www.propertyshark.com) enables real estate professionals and investors with data and tools on all aspects of real property, including comparable sales, property details, ownership, maps, listings, foreclosures, mailing lists, and more, directly from the web. Based in New York City and driven by active real estate investors, Matthew Haines (founder) and Ryan Slack (CEO), PropertyShark.com strives to level the playing field towards independent real estate firms, investors, and savvy consumers.