CoreLogic has launched HomeStandings on RE/MAX Mainstreet, a members-only extranet website exclusive to the RE/MAX organization, including RE/MAX affiliates, employees and approved suppliers. According to CoreLogic, the HomeStandings report provides property-specific data and analytics that enable RE/MAX agents to accurately assess the overall purchase quality of a home.Â
The report incorporates property, neighborhood and market characteristics to provide an understanding of a home's value, marketability and rent potential, the company says. Additional data taken into consideration include area pricing, surrounding market conditions, crime rates, schools, estimated market rent and investment opportunities.
CoreLogic further says the report can aid agents in identifying potentially profitable foreclosed properties that are eligible for resale based on the grade generated by the report for each property. CoreLogic says it reviewed more than 115,000 properties that were sold as foreclosures and then resold within six months. According to the results, properties that earned an "A" grade with HomeStandings had a resale profit averaging $81,000 higher than those with "D" and "F" grades, the company claims.