HonestDoor, an online source for property valuations, recently announced the nationwide expansion of its free digital appraisal service for residential properties. The company’s automated valuation model is now available at no cost to consumers in every Canadian province and territory, for almost every property including those not listed for sale, according to a press release.
The company said having access to property values through HonestDoor provides consumers with an unbiased opinion, at no cost, on the value of their own property or any other property. The HonestDoor Price enables them to do their due diligence on a neighborhood of interest and make informed decisions on a potential property sale or purchase. In addition, property values are one of several factors used to determine an individual’s net worth.
“Other online real estate platforms only provide estimated values on homes listed for sale, which represents a fraction of the overall property market in Canada. In contrast, HonestDoor provides digital appraisals on practically every home across the country, both listed and off market,” Daniel Belostotsky, co-founder and CEO of HonestDoor, said in the release. “We are pleased to be offering this service so that Canadians now have the value of any property at their fingertips. Plus, they can also subscribe to receive a monthly update on a property’s HonestDoor Price.
“While this national expansion positions HonestDoor as the largest publicly available real estate database for almost every residential property, our vision is to be the most trusted source for free real estate information in Canada,” Belostotsky added. “We are working towards achieving this vision by providing regularly updated property values in one seamless experience, and using machine learning along with consumer input to improve our models and increase the accuracy of our HonestDoor Price.”