Housefax, a provider of property-specific reporting products, and Nationwide Property and Appraisal Services, a New Jersey-based provider of residential and commercial appraisal management services, announced a new service for homeowners and real estate professionals to aid in estimating a home’s value before the property goes on the market, the Housefax Pre-Appraisal Report (PAR).
The PAR was developed to allow the homeowner and real estate professional to list the house at the right price the first time, setting the proper expectations for the seller and eliminating time and marketing expenses for the real estate professional on a property that just sits on the market.
“We are excited to partner with Nationwide to offer a comprehensive report that enables consumers and real estate professionals to have expert knowledge of their property’s valuation before they decide to list it for sale,” Housefax President Michael Abdy said.
Recently, the National Association of Realtors (NAR) stated that more than one-third of home sales are delayed, renegotiated or cancelled because of the home appraisal falling short of the contract price. The Housefax PAR is designed to bridge this gap.
“The Housefax PAR gives home sellers and real estate professionals the value that banks lend on, upfront,” said Ryan Hernberg, president of Nationwide Property and Appraisal Services. “All parties involved will gain peace of mind and virtually eliminate the tremendous pressures that come with listing a home.”
The cost of a Housefax PAR starts at $199.