As a pioneer in online home valuations, and the company that had the first online home value calculator, HomeGain launched HPX (Home Price Express) in 2002. That was 9 years ago and the real estate industry has undergone quite a few changes since then. So have HomeGain’s online programs.
In October 2005, HPX went through a facelift and became Source4Sellers. Some of you who have been with us for a while will remember the program. Source4Sellers was, indeed, a program which connected sellers looking for a free home valuation to a real estate professional.
This was the strength of this program and all of HomeGain’s programs. Although many companies have produced a multitude of algorithms and methods of gathering property value information, there will never be a better and more accurate method of finding the current value of a home than having a qualified agent or appraiser determine the value.
As the market declined along with the value of homes, HomeGain realized that fewer and fewer homeowners were looking for home valuations. Most homeowners came to realize that their home had lost value, but many of them did not and do not want to find out how badly. As such, Source4Sellers did not deliver as many sellers as it had done in the past.
In August 2008, HomeGain launched the AgentView program. AgentView is, in the most literal sense, an online marketing program for real estate professionals. The program showcases agents’ listings and hosts a personal real estate blog for each subscriber in a completely exclusive zip code territory in an ad-free environment.