Zoocasa.com is an online service that provides access to homes that are listed for sale, online.  The goal of the site is to provide a place where buyers can start their search using the internet.  In my opinion, Zoopraisal will only enhance this service.
“The service is designed to give people a better idea of a property’s value, rather than replace the work of a professional appraiser†said Navtaj Chandhoke, founder of World Wealth Builders, a Canadian Real Estate Investors Training and mentoring company.
 This can’t replace a good realtor that’s out there looking to match your needs when buying a house. I think there are still too many intangibles that come into play. Local knowledge is invaluable and is something that can’t be uploaded online.
Property value information that was once jealously guarded by real estate agents is now being provided free to anyone with an Internet connection who cares to know what their home, or their neighbor’s, is worth.
Users can plug in a street address, the number of bedrooms, bathrooms, style of home and the year it was built, and Zoocasa comes up with a “Zoopraisal” for the property.
Zoocasa uses Centract’s database of real estate sales information to provide home price estimates based on factors such as size, neighborhood and sales history in the area.
Still, the new service could represent a game changer for real estate agents who have traditionally had a corner on such information.
Zoocasa’s business model is built on advertising, with real estate agents and mortgage brokers paying to have their ads posted on the website. The appraisal service is provided free of charge.
Zoocasa, a portfolio company of Rogers Ventures (a division of Rogers Communcations Inc.), is Canada’s fastest growing online real estate site targeting consumers searching for a home. Zoocasa provides the tools to help Canadians find the right home, in the right neighborhood, at the right price connecting you with real estate professionals to help you no matter where you are in the home buying process
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