Lenders : Lender FAQs
How Does InstantHomeValue.com Work?
Instant Home Value was founded to provide consumers access to the same real estate appraisal technology and reports used by banks and mortgage companies to approve mortgages and home loans. Reports are generated instantly online by simply entering the property's address.Online consumers purchase a detailed professional report. Purchased reports are stored in the consumer's account for printing or future viewing.
We also provide a unique report prospect lead program for real estate agents who want to reach active sellers and buyers who are using the Internet to search for house values and home appraisals. With the prospect leads program, the real estate agents' picture, name, agency, contact information and personal message are prominently displayed at the top of Instant Home Value's free and paid reports in the ZIP codes that the agent chooses.
The valuation reports also include a section that encourages active home sellers and buyers to seek the agent's help. Sellers are encouraged to contact the agent for a free Comparative Market Analysis. Buyers are encouraged to seek the agent's help finding a home.
Agents receive an email each time a seller or buyer requests their help. The email includes the seller's or buyer's complete contact information, questionnaire responses and property report. Agents are also notified by email each time a valuation report is generated. Reports are stored in the agent's online account for printing and future reference.
Signing up and participating in the program is quick and easy. There are no set-up fees, no monthly fees, no referral commissions and no long-term commitment.
Agents are charged on a per report basis. Prospect leads are purchased in bundles of 50, 100 or 250. As reports are generated they are deducted from the balance.
Why is Instant Home Value’s Report Prospect Lead Program So Successful?
Instant Home Value's permission based lead generation program aligns the needs of consumer's who want to control how they are marketed to, with the desires of real estate agents seeking to cost-effectively generate quality online prospects. This is accomplished by:- We prominently feature photos and personal biographies at the top of our appraisal reports.
Consumers are 3 times more likely to request the assistance of a real estate agent whose photo and biography they have seen and read. Familiarity leads to trust. And trust, almost without exception, is the first bridge that must be crossed when initiating a service relationship. - We store the consumer's generated reports on our site.
Consumers on average return 5 to 7 times to review or print their reports. Increased frequency increases effectiveness. The Prospect Leads program continually keep working at no extra charge.
Instant Home Value's prospect lead program provides the opportunity to potentially be the first real estate agent that active sellers or buyers are introduced to.
What is an AVM appraisal?
"AVM" is the acronym for Automated Valuation Model. AVM technology was developed to provide a cost-effective alternative to the manual appraisal process. AVM's automate the data gathering and analysis of the same data compiled by professional appraisers.The largest banks, credit unions and mortgage companies use statistical modeling and predictive technology to generate automated appraisals for the approval of home mortgages and home equity loans. Within the residential lending industry automated appraisals are referred to as "AVM" appraisals.
Is an AVM appraisal a professional appraisal?
While an AVM appraisal may fall within some definitions of an appraisal, it is not a formal appraisal under the Uniform Standards of Professional Appraisal Practice (USPAP). For consumers AVM appraisals are a timely and affordable way to instantly receive:- An online estimate of a home's value
- A snap shot of a home's assessed value and sales history
- An analysis of neighborhood sales comparables, history and trends
Where does AVM appraisal information come from?
Information used in the reports comes from the public records maintained by local, state and federal government records including county clerks and taxing authorities.Instant Home Value, through it's partnership with the mortgage industry's leading AVM appraisal company, provides online access to the same appraisal technology and property information used by the country's largest mortgage banks.
How do I get the report once I purchase it?
Instant Home Value provides reports instantly. home valuation reports are available online 24 hours a day, 7 days a week for your convenience. Once you have opened an account, entered a property and select 'Purchase Report', it is instantly available. You will then be able to view this report for 30 days after your purchase. You simply log on with your user name and password and review your report activity.Is my credit card information secure?
For your safety and security we do not store credit card information. When you make a purchase your credit card is being authorized by VeriSign, the largest and most secure online credit card authorization service in the world.I don't have an electronic photo -- how do I get my picture on the site?
If you do not have a digital photo on your computer, please email us at photohelp@instanthomevalue.com with the url of the web page with the photo or logo you would like to use.You can also mail your photo to:
Instant Home Value
Attn: My Photo Help
PO Box 2968
Kirkland, WA 98083-2968
How do I review my report activity or modify my account?
Logging into your account automatically displays your report activity and additionally grants you access to manage your prospect lead profile, get AVM reports and view your current orders and report histories.Does Instant Home Value charge referral fees?
No. You only pay for the reports generated by buyers and sellers that you appear on.We Make it Easy to be Successful.
- No set-up fees
- No monthly fees
- No referral commissions
- No long-term commitments
How do I set- up or create my prospect lead profile?
Getting started is quick and easy in 2 simple steps.- You enter your contact information and choose a username and password
- Choose and purchase a prospect lead package.
Will I receive the contact information of consumers who view reports?
You will be provided with the street name, city, zip code for all generated reports. You will see the AVM value or value range for reports purchased by consumers. Our home valuation reports are specifically designed to encourage consumers to contact you.What do the consumers see on the home valuation reports?
Please see a sample professional home valuation, and get a free report for yourself via our homepage.Are Zip Codes exclusive?
Our goal is to provide you with the most cost-effective Internet marketing program available. Our experience has been that the benefits of exclusivity due not justify the increased costs that would have to be passed onto you.How many Zip Codes can I sign-up for?
You may sign-up for as many Zip Codes as you like in the areas that you provide services in.How does InstantHomeValue.com generate traffic?
Our marketing includes the daily management of hundreds of keyword listings across dozens of search engines and real estate related sites. Our traffic also includes a high percentage of repeat visitors and customers who return to purchase additional appraisal reports.|
Copyright © 2004-2006 InstantHomeValue.com, a Beyond Search, Inc. Service. |