If you’re researching real estate values or trying to determine the value of your home, you may have heard of Ownerly. This website provides tools to help you make informed decisions about improving, buying, or selling your home. But what exactly does it do? And is it worth it? Read on to find out if Ownerly is right for you.
What is Ownership?
Ownerly is a real estate digital platform that provides homeowners with information about their property, including quotes, tax records, and nearby sales prices. We promise to “unlock professional-grade real estate data” for a fee.
To use the site, enter your address online and Ownerly will collect your property information. Combine multiple reports and have them all in one convenient place. However, to access that information, you must sign up for a paid trial. Once you become a member, you will have access to a fixed amount of information each month and will be charged a monthly fee for the service. Much of this information is publicly available, but this service saves you from having to keep track of everything yourself.
Homeowners can use this data to sell their homes, decide how to renovate, or even refinance their mortgages. Home buyers can also use the site to search for information about properties of interest.
Estimated owner’s home value
To estimate the home’s value, Ownerly uses an automated valuation model (AVM) to assign a value to the home. AVM is a computer algorithm that specifically takes into account local property information such as taxes and past sales. While these tools can serve as a starting point for research, they generally only consider publicly available information and are not a substitute for direct professional home appraisals.
How does Ownerly work for sellers?
Accurately pricing your home is one of the most important steps for a seller. It provides owners with information on the value of their homes and an overview of what’s happening in the local market to help them make more informed decisions.
It can be a useful tool, especially if you’re just starting out, but this information is probably best used in conjunction with a local real estate agent, not a local real estate agent. , knows the market in ways that algorithms do not and can provide in-depth Competitive Market Analysis (CMA).
Ownerly can also connect with contractors and service providers to help renovate your home. This can increase the value of your home when you sell it.
How does Ownerly work for buyers?
Ownerly’s service is primarily aimed at sellers, but it can also be a useful research tool for those looking to buy a home. House hunters can use Ownerly to find information about properties they’re interested in, including approximate prices, property taxes, and latest sales prices, as well as an overview of local markets and recent area sales. increase.
How does Ownerly make money?
Ownerly makes its money primarily through a subscription model. To use this site, you must sign up for a 7-day trial. The trial he has two different tiers, each with a nominal fee of $1 or $5. The $5 plan allows you to download a PDF of the report and share the document. However, after the trial, the price increases “up to $29.99 per month”. For a monthly fee, you can access up to 25 reports per month. You can cancel online or by phone with your 9-digit member ID number.
Additionally, Ownerly makes money by providing its users’ information to its network of partners. We promise that you will only be contacted by partners who offer the product or service you are looking for.
Alternate options for Ownerly
Ownerly is unique in its subscription-based model, but there are other companies that offer similar information. For example, many banks, brokerages, and real estate sites offer online value estimators (think Zillow’s “Zestimate”). Additionally, much of the information Ownerly provides is in public records, such as property tax records and sale histories, and is only available if you have the time and inclination to search for it yourself. And if you choose to use a real estate agent, they can provide the same information that Ownerly provides, plus professional expertise and personal service.
Conclusion: Should You Use Ownerly?
It independently compiles a lot of information about a particular property and packages it in one convenient place. A monthly fee is charged for up to 25 reports per month. This is useful if you are researching property values in order to sell your home, or if you are looking to buy a new home. However, much of the information provided is in public records and can be found by yourself. If you work with a real estate agent, they probably won’t tell you anything the agent doesn’t already know.
Frequently Asked Questions
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No, Ownerly is not free. Ownerly initially offers his one-week trial for $1 and $5, then switches to a monthly subscription fee of “just $29.99 a month.”
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Using automated valuation models (AVMs) or computer algorithms, owners assign values to homes based on a variety of factors, including previous sales history and recent sales in the area. All her AVMs are different and each may offer slightly different amounts for the same home, but their amounts are comparable to those found on other sites.
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Ownerly is a legitimate company that provides information for a fee. He was founded in 2018 by Josh Levy and Ross Cohen and is headquartered in New York City. In 2020, he was named one of HousingWire’s Tech100 Real Estate winners. It is not dangerous to use, but he may sell your information to one or more partners, which may result in unwanted phone calls and emails.
