HomeSpace launches HomeValue, making past listing & transaction data available to public

Singapore – 7 July, 2008 – Real estate search engine HomeSpace.sg has unveiled their latest feature, HomeValue, which allows Home buyers to determine their negotiation advantage on real estate that they are interested in.

“Homebuyers are usually very helpless when it comes to negotiation. They usually rely on an agent to advise them on the price to offer.“, said Vinod Nair, CEO of HomeSpace.sg.

With HomeValue, home buyers can now be well informed of the pricing trends and past transactions of comparable homes, which means that they are empowered with data that helps them determine the best price they should pay for the house.

HomeValue is unlike any other price trend feature available. HomeValue actually does a radius scan for similar property in the area and pulls up the past transaction and listing data for those units.

“To derive an accurate offer price, you have to refer to similar properties in the area. You cannot compare 5 room flats with 3 room flats. Even units of the same type within the same neighbourhood differ in price based on proximity to amenities.”, explained Vinod.

HomeValue cuts down more than 90% of the workload and information gathering one has to go through before making a price decision on the house. Potential buyers can track the past transaction mean of similar houses within the area of their desired house up to 2 years back.

With this latest feature added into HomeSpace’s arsenal, it now boasts of the most number of pro-consumer features to help consumers effortlessly obtain relevant information on their desired homes.

Contact
Vinod Nair
Email: vinod@homespace.sg
Contact No.: 92722692

About HomeSpace
HomeSpace is a real estate search engine that helps home buyers and sellers to find and list homes in Singapore that are for sale in the simplest and fastest way possible. Founded in May 2007, HomeSpace is the brainchild of enterprising NUS graduates Vinod Nair,  Zhuo Weifeng, Jarrold Ong, Staelen Yew and Timothy Kua. HomeSpace is supported by Media Development Authority (MDA) of Singapore, the National University of Singapore Enterprise and Entrepreneur27 Singapore.

For more information on HomeSpace, visit www.homespace.sg