Rightmove has announced the unveiling of an upgraded version of its Best Price Guide within the coming months.
It was assured that neither the actual report nor the name of the vendor is seen nor stored by Rightmove.
Rightmove says that its Best Price Guide is simply there to provide data to support an agent’s valuation of a property.
Agents can generate a report that can be sent to vendors or printed and brought to valuations.
It has been around since 2003 and can be accessed by all users but has been going through a series of improvements in testing with a range of agents in recent months.
There are several changes, such as making it easier to include floorplans in reports; and providing more granular localized data allowing agents to compare more specific asking and sold property prices and listings data.
Rightmove said there were 10 million reports generated from the Best Price Guide last year and it is used by 15,000 branches – 70% of branches using the portal.
Similar to the current version, an agent would enter the details of the property they are valuing.
This would then bring up details from the last time it was listed on Rightmove, including its key features and historical sold prices.
An agent can then search for similar properties being marketed by their own brand and the wider market to include in a report.
Currently, agents can only search based on the first section of a postcode, eg TV42, and set a radius to cover, but the new version will let them select specific postcodes
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