New Tool Reveals Apartment Sale Prices in Your Building
Translated & summarized from Mako by baba
A new online calculator from Bizportal allows users to check apartment sale prices in their specific building by entering an address. Developed by lawyer Guy Zomer, it accesses a database of 3.8 million real estate transactions. The tool provides building details and sales history, aiding property valuation for buyers, sellers, and financial institutions.
The story in 5 lines · by baba
- A new Bizportal calculator allows users to check apartment sale prices in their building.
- The tool uses a database of 3.8 million real estate transactions compiled by lawyer Guy Zomer.
- Users can enter an address to view building details and transaction history.
- It helps estimate property value and understand real market prices.
- Appraisers and banks use similar data to assess property values.
A new online calculator developed by Bizportal allows users to check apartment sale prices within their specific building by entering an address. This tool aims to provide a "valuation estimate" for one's property by accessing a comprehensive database of real estate transactions.
The public now has access to this extensive database of 3.8 million real estate deals, thanks to lawyer Guy Zomer. Zomer compiled the data, which is typically restricted by the Tax Authority, making it difficult for the public to access more than a few dozen listings with rigid search mechanisms.
The calculator enables users to input a city, street, and building number to view the building's details, including its construction year and number of floors. It also presents a table of all transactions and the sales history of apartments sold multiple times. This information is crucial for real estate appraisers and banks when assessing property values, and the tool streamlines this research process.
This new resource is particularly useful for potential buyers and sellers seeking to understand the actual market prices for properties in their immediate vicinity, offering a more granular view than typically available through official channels.
