We recently launched the beta of Trulia Estimates, a new tool that provides an estimate of a home’s worth and helps inform decisions, whether you’re buying, selling, renovating or refinancing. Trulia Estimates, built by an in-house team of experts, is another way we can provide useful information about homes and places across the country. Plus, it’s something our users have requested for some time. It’s no surprise in today’s market conditions that consumers are hungry for more information about home values and for local expert advice.
Trulia Estimates is launching in beta to a test market - the San Francisco Bay Area. The Bay Area is an early adopting, tech savvy group, making it a perfect launching ground for our beta product. And it’s right in our own backyard. The beta launch only includes off market homes in five Bay Area counties (Contra Costa, Marin, San Francisco, Santa Clara and San Mateo), and is an opportunity for us to get feedback, watch user interaction and refine the estimates and experience.
Trulia Estimates starts with a number built from local real estate info, including prices of recently sold similar homes, and collects inputs from locals - agents, buyers and owners - to ultimately improve the estimates in those local areas. Over time, we’ll incorporate more feedback from local experts and develop additional, hyper-local user information.
While we hope that Trulia Estimates gives our users more useful information about their homes, we know that these estimates don’t replace the need for a professional appraisal. Trulia Estimates is just a starting point. On every page with an estimate, we make it very easy for consumers to provide feedback on the estimate and connect with a nearby agent to get a professional estimate.
Not in the Bay Area?
Before we span from coast to coast, we want to take the feedback from our Bay Area beta testers, refine our Estimates product and make the necessary tweaks to ensure the product is primed for a national rollout. While we aren’t announcing a timeline for a full rollout, we plan to offer Trulia Estimates nationwide, and to expand valuations to homes that are actively for sale. Stay tuned for more details in advance of the national launch!
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