Flat.mx Introduces Interactive Price Map on Marketplace

The Mexican iBuyer Flat.mx has introduced an interactive real estate price map. The map is currently available in five major metropolitan areas across the country.

"This functionality will give the necessary information to make informed decisions and is the first step towards, in the near future, having a wider map of where Flat.mx is present in the whole country," said the company in a statement.

The map, which is very similar to that of the Mexcian real estate data company DD360, shows users the average price per neighbourhood and informs the company's 'Flatscore' which is a value-for-money metric it displays on listings in its marketplace.

Like many similar companies around the world, Flat.mx has transitioned away from being a pure iBuyer and now offers a suite of products around the buying and selling of homes.

According to its FAQs, the company does still offer an instant buying service but users are directed towards its commissioned selling offer. Flat offers a 4% commission when selling houses via a package that includes valuation, listing photos and media, legal help, publication on leading portals as well as Flat's own marketplace.

Flat is building out its own marketplace which, as well as the properties it owns, includes real estate listings represented by affiliated agents.

The company also offers a renovation service, and a home swap service and can assist home hunters wishing to purchase one of the homes Flat owns through its iBuying.