RAVestimate, William Raveis Real Estate, Mortgage & Insurance’s Latest Advancement is Unveiled

The new platform allows consumers an industry-leading advantage in their home buying and selling process

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SHELTON, Conn. (November 14, 2014)—William Raveis, chairman and chief executive officer of William Raveis Real Estate, Mortgage & Insurance, recently unveiled the company’s latest innovation: the RAVestimate system. The newest addition to Raveis.com will allow consumers the opportunity to receive an estimate of any home in the Northeast, using a combination of historical MLS data and public records. Public records will be pulled from local town halls for every single-family home, condominium and apartment for every town in Connecticut, Massachusetts, New York, Rhode Island, New Hampshire, New Jersey, Maine and Vermont.

“We’re excited to announce our latest innovation for consumers in the homeownership process,” said Raveis. “We’ve spent a lot of time looking at what tool we could create to both make our agents more competitive in the marketplace and provide consumers with a more robust experience. Adding RAVestimate to our website accomplishes both.”

Working with technology partners, companies that develop real estate analytics products and tools to support financial institutions, institutional and retail investors, as well as property capital market activities, William Raveis created RAVestimate to help consumers leverage their knowledge to get an estimate of a home’s value.

“Over our 40 year history, we’ve recognized that to stay on top, we have to be constantly innovating to stay one-step ahead,” continued Raveis. “RAVestimate provides consumers with a 20% range for a home’s value, a more accurate range than other home valuation tools, due to the fact that we’re pulling from both MLS data and public records.”

After typing an address into RAVestimate on raveis.com, consumers will be given a full property information report including an estimated price range and property value, property information, sales history, value history, comparable sales, a local market snapshot and sold market trends.

“We’re very proud of this new system,” said Raveis. “However we also offer something unique: our agents. With more than 3,500 sales associates throughout our offices, consumers can capitalize on their knowledge and experience to get a further evaluation on their home. This personal touch provides consumers with a higher level of service, which, when combined with RAVestimate, creates a full offering.”

To learn more, or to try RAVestimate for yourself, visit raveis.com.

About William Raveis Real Estate, Mortgage & Insurance

William Raveis Real Estate, Mortgage & Insurance is the No. 1 family-owned real estate company in the Northeast and the No. 8 real estate company in the country, according to REAL Trends. William Raveis’ Real Estate, Mortgage and Insurance divisions have been awarded the Gold Medal distinction by the Commercial Record and by Banker & Tradesman. The firm was named the Most Innovative Brokerage by Inman News, and has consistently been ranked the best place to work by Fox CT, Hearst Connecticut and the Boston Business Journal. William Raveis has 3,500 highly trained sales professionals in 108 offices in Connecticut, Massachusetts, New York, Rhode Island, New Hampshire, New Jersey, Maine and Vermont. For more information, visit the best website in real estate, raveis.com, or blog.raveis.com.

Let our family show your family the way home.

For details, contact:

Samantha Hamilton

Digital Marketing & Content Manager

(203)225-2494

samantha.hamilton@raveis.com

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