REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Altisource | December 07, 2022
Altisource, an integrated service provider and marketplace for the real estate and mortgage industries, has launched NestRange as a cost-effective, data-informed Automated Valuation Model that estimates the value of residential properties. This SaaS product leverages a national property database, geospatial comparable data, machine learning and AI to help real estate professionals, investors and financial institutions make decisions with confidence.
The NestRange AVM is a fully interactive tool that estimates the value of single-family homes, condominiums, townhomes, and multifamily/apartments. The service draws from a robust data set of more than 150 million properties including over 750,000 active property listings. NestRange users have control over a variety of parameters including valuation input variables, property conditions, and the ability to select specific comparables used in the AVM calculation.
The platform’s features don’t stop there – NestRange AVM reports include the NestRange Confidence Score, historical trends, detailed local market analysis and the ability to process AVMs in bulk. The NestRange Valuation API provides online integration and the ability to tap into the vast data and analytics within NestRange. Explore comparables, market information, trends, and more within your own environment.
“NestRange offers essential tools to real estate professionals looking for AVMs they can trust – including the ability to get better insights into both distressed and non-distressed property valuations, We’re proud to have created a SaaS product that is so uniquely customizable.”
-Israel Meir, Chief Strategy and Technology Officer
The NestRange property AVM platform complements Altisource’s industry leading RentRange rental AVM service that has been providing rental data to investors and financial institutions for over a decade.
Interested parties can visit NestRange.com to create customized property valuation reports now or to request a personalized demo.
About NestRange
NestRange is an Interactive AVM Solution for the Real Estate & Financial Industries. NestRange provides an automated valuation model that estimates the value of single-family homes, condominiums, townhomes and multifamily apartments. NestRange is the latest addition to the Altisource suite of appraisal and valuation products and services.
About Altisource
Altisource Portfolio Solutions S.A. (NASDAQ: ASPS) is an integrated service provider and marketplace for the real estate and mortgage industries. Combining operational excellence with a suite of innovative services and technologies, Altisource helps solve the demands of the ever-changing markets we serve.
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BROKERAGE,REAL ESTATE INVESTMENT
Berkshire Hathaway HomeServices | December 06, 2022
Berkshire Hathaway HomeServices, a global residential real estate brokerage franchise network is pleased to announce its further expansion in the Southeastern region with the addition of Cabin & Creek Real Estate, which will now operate as Berkshire Hathaway HomeServices Cabin & Creek Real Estate.
The office will be owned by Mississippi state native Chuck Paulk who has 17 years of industry experience and expertise. Headquartered in Summit, Mississippi, the office will serve the Southwestern region of Mississippi. Since its creation Cabin & Creek Real Estate has grown; increasing its annual sales almost 10 times in less than 8 years and will now bring its success to the Berkshire Hathaway HomeServices global brand.
This is such a monumental milestone for our team, We are looking forward to growing and expanding throughout our marketplace under the Berkshire Hathaway HomeServices brand. This step in our business will allow us to better serve our clients, providing invaluable assistance from start to finish, said Paulk.
By joining the network, Berkshire Hathaway HomeServices Cabin & Creek Real Estate agents gain access to Berkshire Hathaway HomeServices’ active referral and relocation networks, and its “FOREVER Cloud” technology suite, a powerful source for lead generation, marketing support, social media, video production/distribution and more.
The brand also provides an exclusive Luxury Collection marketing program for premier listings. Its Prestige Magazine showcases network members’ premium listings with a strong lineup of feature stories covering topics that appeal to high-end real estate clients.
“Given the demand we are seeing for homes in this area, it made sense for us to expand to better support this growing market, While the availability of country homes with land, homes in town and beyond are highly competitive, this team will be able to provide on-the-ground knowledge and provide clients with an exceptional experience throughout every part of the homebuying or selling process.”
-Christy Budnick, CEO, Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices Cabin & Creek Real Estate will have a team of agents supporting the new office who brings extensive familiarity of the Southwestern Mississippi market.
Gino Blefari, chairman of Berkshire Hathaway HomeServices, welcomed the company to the network, Berkshire Hathaway HomeServices Cabin & Creek Real Estate is a clear example of our mission. It’s important to us that we align ourselves with individuals who share the same core values, and I have no doubt that this team will carry out these ethics seamlessly.
About Berkshire Hathaway HomeServices Cabin & Creek Real Estate
Berkshire Hathaway HomeServices Cabin & Creek Real Estate is a full-service real estate agency specializing in country homes with land, homes in town, land tracts of all sizes, and the best in recreational properties. With its extensive market knowledge in commercial and residential transactions, it assists its clients in every step to guarantee a smooth and simple transition.
About Berkshire Hathaway HomeServices
Berkshire Hathaway HomeServices is a global residential real estate network with more than 50,000 real estate professionals and nearly 1,500 offices across 11 countries including, the U.S., Canada, Mexico, Europe, the Middle East, The Bahamas, and India. In 2021, the Berkshire Hathaway HomeServices global network represented more than $179.9 billion (USD) in real estate sales volume. The network, among the few organizations entrusted to use the world-renowned Berkshire Hathaway name, brings to the real estate market a definitive mark of trust, integrity, stability, and longevity.
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REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT
Pacaso and NevelHaus | December 08, 2022
Pacaso, the leading technology-enabled real estate marketplace that helps people buy and co-own a luxury second home, today announced that it has collaborated with NevelHaus, an innovative turnkey homebuilding platform for modern eco-friendly homes, to expand its service to New York. Pacaso offers buyers the unique opportunity to co-own 1/2 of a contemporary second home in a new community being built by NevelHaus on a wooded 44-acre parcel in historic Stone Ridge, New York.
"The collaboration with NevelHaus marks Pacaso's first foray into both new development and New York, We've had many buyers ask us since we launched in late 2020 when we're heading to New York and we are really excited and eager to respond to that demand with the first Pacaso in a first-of-its-kind collection of luxury homes in the historic Hudson Valley."
-Pacaso CEO and Co-Founder Austin Allison
Within two hours from New York City, Pacaso's first listing in New York is NevelHaus Lot 4. Located on 2.43 acres, this three-bedroom, three-bath retreat offers quiet, privacy and seasonal mountain views designed for today's most discerning consumer. The custom home features 30-ft vaulted ceilings, 9-inch wide-plank European white oak flooring, a cozy wood-burning stove, custom oak cabinetry with integrated appliances, bathrooms with heated radiant flooring, and a cozy reading nook and office. The outdoor terraces include a 15-by-30-foot saltwater pool with bluestone coping and an outdoor shower. The property, which includes a two-story garage with loft space, is close to dining and shopping, plus thousands of acres of hiking trails in nearby Minnewaska State Park and Mohonk Preserve. The Pacaso home comes fully furnished and professionally decorated.
We're thrilled to be working with Pacaso on its first foray in New York State in the beautiful Catskills and Hudson Valley region, Like Pacaso, NevelHaus was created with the idea of simplicity at the heart of our process to customize and purchase second homes. Partnering with Pacaso enables a wider buyer pool of homebuyers to experience the NevelHaus brand, sleek architectural design by INC Architecture & Design and unparalleled lifestyle of Stone Ridge, New York, with nature at your doorstep,said NevelHaus Co-Founder, Pelle Hamburger.
We have found that new construction is one of buyers' top desires in a second home so it was a no-brainer for us to partner with a category-defining home building platform like NevelHaus, We know this is the first of many endeavors for Pacaso and the award-winning NevelHaus team,said Pacaso Senior Vice President of New Development Lucy Wohltman.
Pacaso partners with all interested real estate agents and brokerages in markets where it operates. Real estate agents representing buyers who purchase a share of a Pacaso home receive a 3% referral commission, plus Pacaso equity in the form of 500 RSUs.
About Pacaso
Pacaso® is a technology-enabled marketplace that modernizes real estate co-ownership to make owning a second home possible and enjoyable for more people. Pacaso curates luxury listings with premium amenities and high-end contemporary interior design, offers ⅛ to ½ ownership with integrated financing, and, after purchase, professionally manages the home and supports seamless resale. Co-founded by Austin Allison and Spencer Rascoff in 2020, Pacaso operates in 40 top second home destinations around the world. Pacaso has been certified as a Great Place to Work and is recognized as one of Glassdoor's 2022 Best Places to Work.
About NevelHaus
NevelHaus is a home building platform that offers buyers a stunning product with maximum spatial and finish flexibility to fit their exact needs and design aesthetic. Design components - including materials and finishes that connect to the surrounding landscape - may be customized with ease. The selection and sales process is simple and a skilled team educates clients every step of the way. NevelHaus was co-founded by Joshua Gelb and Pelle Hamburger in 2020. The two NYC-based developers partnered with the award-winning firm INC Architecture & Design, responsible for the design of notable and architecturally-significant hospitality and residential properties in the New York area, including 1 Hotel Brooklyn Bridge and the TWA Hotel. NevelHaus-designed homes may be licensed to be built across the world. Each license comes with a complete set of detailed drawings, specifications and material selections along with access to NevelHaus partners and suppliers.
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