In 2018, Ownerly launched a house value calculator. But how does Ownerly operate in practice? Is it a rip-off or a reputable company? What sets it apart from other house valuation services such as Zillow's Zestimate or Redfin? In this article, I'll give you my Ownerly review and go over everything you need to know about the site.
What Exactly Is Ownership?
Ownerly is a home valuation tool that anyone may use to find out how much their house is worth. Furthermore, the portal gives information on:
- Rates on mortgages and refinancing
- Providers of personal loans
- Policies of insurance
- Renovation costs are estimated.
While all of this information is freely available on Google, Ownerly is unique in that it compiles it all in one spot. This is more convenient for a homeowner because they will not have to hunt through numerous websites to find the information they require.
Ownerly is offered as a web-based tool as an app in the Google Play and Apple stores. The app works in the same way as the website and lets you check the worth of your home at any time.
You can do the following using the app:
- At any time, you can check the estimated worth of your home on your phone.
- Get notified if the value of your home changes.
- View recent sales in your neighborhood.
- Examine the history of your home's appreciation and worth.
Ownerly is a subscription-based service. It begins with a one-time fee of $1 for a seven-day free trial period. To discover more about Ownerly's pricing, please contact them.
Is The Information Provided By Ownerly Correct?
Ownerly is a simple three-step method that anyone can use. First, go to Ownerly's website or app and look up your home's address. Next, tell them a little more about your problem, and then submit your email address to receive your report by email.
Ownerly's objective is to provide homeowners with the same data that experts have access to. Is it, however, correct? Ownerly collaborates with two of the industry's best real estate analytics firms to provide you with the same data that professional banks and realtors utilize.
Similar sites, like as Zillow, employ the same Automated Valuation Models as these organizations do. These models compare the data a user submits with a database of publicly available real estate data utilizing algorithms.
The system will then calculate a house value for you based on comparable homes in your region. The same procedure applies to Ownerly's other mortgage, insurance, and loan provider reports.
Ownerly differs from Zillow and other home valuation tools that use the same methods in that it displays all of the data in one location. When comparing insurance policies or renovation prices, you may save time by not having to go to a different website to get the information you need.
Ownerly's website indicates that they want to enhance and expand their functionality in the future because they are still new.
Is It Safe To Use Ownerly?
If you look for Ownerly on the internet, you'll find some folks wondering if it's a hoax. Ownerly is a legitimate company, not a rip-off. It was developed by The Lifetime Value Co., a data firm based in New York.
It is, nevertheless, a relatively new platform. As a result, Ownerly has few reviews on key platforms like their Facebook company page, Google, or Yelp. Is this, however, a sign that the gadget is dangerous to use?
Ownerly is absolutely safe to use and is worth investigating as a Zillow alternative.
One thing to bear in mind about Ownerly is that their pricing plan is still in its early stages. Ownerly currently generates money by selling the data of its users to real estate agents, banks, lenders, and other professionals and businesses who join their partner network.
Ownerly's captures website traffic mostly through paid advertising and content marketing, and then sells the leads to members of its partner network. If you don't want your information sold, click the "Do Not Sell My Information" option at the bottom of their website to have your information removed from the partner network.
The Ownerly Partner Network
Real estate agents and other professionals can use Ownerly's partner network system to find leads and referrals. To join, go to their website and fill out the Google form.
Most of the leads you'll get from collaborating with Ownerly will be seller leads looking for their home's worth since they're planning to sell it soon.
If you have the time and budget to investigate a new lead source, the Partner Network may be worth joining as an agent. Currently, Ownerly has over 50,000 users. Furthermore, because 40% to 45 percent of new visitors on the site are trying to purchase or sell a property, you can be confident that these are high-quality leads.
When compared to leads generated from paid advertising or other non-real estate venues, these leads are more likely to convert. In fact, 35% of Ownerly users have gone on to work with one of the company's partners.
Three Advantages Of Utilizing Ownerly
Blog Of Ownerly
The site's substantial blog is another feature worth highlighting in an Ownerly review. The "Tips and Advice" area of Ownerly is updated on a regular basis with fresh posts about real estate and homeownership:
- Purchasing and Refinancing Home Improvement Loans
- Insurance \sMortgages
- Purchasing Real Estate
Ownerly's blog is an excellent resource for homeowners, sellers, and first-time buyers interested in learning more about the complexity of the real estate market. It also demonstrates Ownerly's commitment to offering users with the same expertise as industry specialists, and to assisting them in better understanding one of the most valuable properties they will ever own.
Last Thoughts On Ownership
So, do I think Ownerly is a good idea? What are my thoughts on the platform? Ownerly is definitely worth investigating. It's been around for a few years and has big aspirations for the future.
Despite the absence of reviews, it provides customers with accurate information and provides real estate brokers with useful leads. Ownerly can be used in conjunction with other tools or as a one-stop shop for all data linked to your home.
Keep in mind, though, that while Ownerly's estimate is a wonderful way to get a sense of how much your house is worth, it shouldn't be used in place of an on-site assessment or consulting with a real estate agent when it's time to sell.