New RealtyTrac Features

We are happy to announce a series of new RealtyTrac features that we’ve just implemented to improve your user experience on the website and enhance your search power by arming you with more powerful features that provide you with more detailed foreclosure data and expanded real estate information found only on RealtyTrac.

Here’s a look at the new features.

MLS-FORECLOSURE MATCH
The new exclusive MLS Match feature, which combines the world’s most comprehensive foreclosure database of more than 2 million default, auction and bank-owned properties with millions of for-sale properties from Multiple Listing Services nationwide, allows users to quickly identify foreclosure properties that are also listed for sale on the MLS and to check the foreclosure status and details for resale listings. Now you can find discounted foreclosure homes with the ease and convenience of buying traditional real estate. You can access this new MLS Match feature from either the search results or property details page on RealtyTrac.

REALTYTRAC RATINGS
The RealtyTrac Ratings is an innovative tool that helps buyers zero in on the best deals without sifting through hundreds of properties. The RealtyTrac Rating is based on an analysis of property sales history, area historical sales and current resale listing information. The rating was created to help bargain hunters and investors hone in on the best available deals in their local markets. There are five possible ratings: Three stars is the highest savings potential in the area; two stars is a very good savings potential; one star is a good savings potential; a “Neutral” rating means there is no savings potential; and “No Rating” means there is insufficient data available to rate the property.

PROPERTY TRENDS TAB
The star rating system is based on the wealth of information now available in the new Trends Tab on every property details page. This new feature shows buyers in a graphical and tabular format when a property was previously sold, the date and price it sold for, and how much the sold price was above or below the local market average. If the property is listed for sale, the graph shows how much that list price is above or below the local market average.

ESTIMATED COST TO RESTORE (ECR)
Estimated Cost to Restore is another easy-to-use feature that allows homebuyers, investors, homeowners and real estate professionals to quickly and reliably estimate the cost of repairing and restoring any property listed on RealtyTrac — thereby helping them to make wiser investment decisions. The Estimated Cost to Restore is an estimate of the total rehab cost required to restore a property to market-ready condition, taking into account square footage, labor, materials and other expenses. A separate ECR is given for five different property conditions: Excellent, Good, Fair, Poor and Very Poor.

REDESIGNED PROPERTY DETAILS
All of the above new features are integrated into an improved and redesigned Property Details pages, with the most important and relevant information located at the top of the page. Now the foreclosure status, address, property description, loan amount, estimated value, RealtyTrac Rating and Estimated Cost to Restore are all prominently displayed at the top of the page. Tabs below this summary information allow customers to dig deep into all the corresponding details.