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Daily Real Estate News  |  April 26, 2011  |   Foreclosures Scored on Appreciation Potential
RealtyTrac, a foreclosure data resource, and SmartZip, an investment analytics company, are teaming up to offer HomeScore ratings for foreclosure properties.

The HomeScores allow buyers a different to size up bank-owned properties by providing information on the foreclosed home’s potential for above average price appreciation and below average costs. For example, properties that receive scores of 35 or above are considered good-to-excellent investments.

"This enables shoppers to get an independent assessment of the long-term value of foreclosures,” says Avi Gupta, SmartZip’s vice president of research and marketing. “Shoppers can also easily compare properties against each other, since HomeScore is a relative rating on a scale of 1 to 100."

The scores will appear in the listing search results at RealtyTrac, and site visitors will also have the option of even sorting foreclosed property results based on HomeScore ranges.

Source: “RealtyTrac Teams Up With SmartZip,” Inman News (April 25, 2011)

Related news:

Foreclosure Activity Drops to 3-Year Lows

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