Homesearch, the data service which launched this year as free-to-use with a subscription model launching in 2020, has announced it’s introducing live market information for users.
The service debuted in June and claimed it would offer “game changing” access to property data and market intelligence; the free data is to be scaled back and a paid-for ‘pro’ service will start next year priced from £44 per month.
“The agents who’ve been using Homesearch so far have been using the data to prospect for new business, manage their databases and win more instructions” explains director Sam Hunter.
“But the key piece of feedback we’ve had since day one was that they all wanted us to provide data on what’s on the market” he continues.
The new feature allows any user to choose which areas are most important and see a live view of all properties for sale or rent in that patch; users can they filter that info by the age of the instruction, property features, price changes and so on.
“One of the most common questions an agent is asked by the people in their market is ‘how many properties like mine are there on the market today?’ Until now, for most agents, it’s been a time consuming and inefficient process to click around the internet to find an answer” Hunter continues.
Some 4,400 agents in just over 1,400 companies now use Homesearch, and the data firm cites one user - Simon Gates of Michael Graham estate agency - who has had the new functionality for a test week.
“I was able to show a vendor that there’d been 28 properties like hers come to the market in the last 30 days but only two had gone under offer. It helped me reinforce how important getting the price right was” he is quoted as saying.