PriceFinder For Buyers Agents
www.pricefinder.com.au
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Introduction
For buyers agents, PriceFinder can be used as both an effective marketing tool and to support your current
services. PriceFinder is available to Buyers Agents for a free trial period.
PriceFinder estimates can be performed on as many properties as you like for a minimal fixed monthly
subscription fee.*
The model allows users to adjust for the quality differences in properties, resulting in a much better price
estimate than an automated computer model alone.
PriceFinder uses a proprietary formula to match the best 6 comparables to a subject property. The final
price is derived via both computer modeling estimates and user interaction. Our test results have shown
that in 95% of cases the correct price is found, especially when the user is aware of the properties used in
the shortlist.
* Fair use policy applies.
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Uses for buyers agents
Application Benefit Example
Consultation & Offer a range of free or paid services to Price estimates (and rental
Promotions attract and retain customers using estimates as of Feb 09) for a client’s
PriceFinder. existing property as part of an initial
consultation.
Find optimal prices PriceFinder can be used by buyers agents Find out if the auction price or sale
to find optimal purchase prices within price for a property is above or
minutes. below the overall market.
Renovations Enhance your service offering by estimating How much will another bedroom,
how much value an extension or renovation bathroom or renovation add to the
can potentially add to a house instantly. price?
Development sites Consultation services to developers. Get Multiple dwelling unit price estimates
instant estimates on a site by performing for a given land parcel.
what-if analysis for various unit/town-house
sizes and the potential value of each.
Market research Calculate accurate market growth rates and Offer a repeat valuation index for
various reports or your own use or for media your area (ideal alternative to using
releases. median price index, especially for
upper/lower priced properties).
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Key features
• Users can adjust for qualitative differences in properties
• Current or retrospective dates can be used
• Map displays subject and all 6 comparable properties
• Accurate and instant user assisted estimates
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Go to PriceFinder
• You will find the PriceFinder
window on the lower left hand
side of the Property Report
• Click ‘Go’ to run the
PriceFinder model
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Compare the properties
• On the Comparable Sales
tab, you can adjust each of
the 6 sliders.
• This process allows you to
compare the quality of the
comparable sale to the
subject property.
• The system has already
adjusted for size differences,
all you need to compare is the
overall quality and street
appeal of each property to the
subject.
• If a comparable is not
suitable, click ‘Remove and
replace’.
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View the map
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The Summary Window
Display Description
Address Subject property address.
Type House or Unit
For Townhouses enter Units.
Area Total land area. Applicable to houses only.
Icon display Bedroom, bathroom and car space count. Editable by user.
Estimate This is the starting estimate using the computer generated
shortlist of 6 comparable properties all set as ‘comparable’ to the
subject.
Probable Range The larger the range of values from lowest to highest price, the
larger the probable range will appear.
PriceFinder Estimate This is the systematic best estimate for this property using the
final 6 properties and the comparison to subject settings as
entered by the user.
Date Of Estimate By default, this is the current date. Users may set this to a
retrospective date within the last 10 years. Photos will only reflect
current period.
Warnings A standard range of warnings are presented in PriceFinder.
Warnings will vary according to the location, property type and
value estimate.
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© Property Data Solutions