Property portals know that the more information displayed on a listing, the more transparent the listing is and the more credibility the listing holds, which one reflects positively on the portal, itself.
Doing just that is OJO Labs. The proptech and data and insights platform for the real estate industry, has joined up with ClimateCheck, a climate property risk platform, to add risk assessment reports to listings on OJO Labs’ property portal, Movoto.
John Berkowitz, CEO and Co-Founder of OJO Labs, said in a statement:
“At OJO Labs, we’re on a mission to bring unparalleled transparency to buyers, sellers, and owners nationwide, removing barriers to enable more informed, strategic choices about one of life’s biggest investments.
“We’re thrilled to partner with ClimateCheck, the first company to offer a complete picture of climate risk at the individual property level. With this new knowledge, consumers will know exactly what features to look for in higher-risk areas, and exactly what questions to ask their real estate agents to avoid unforeseen costs and potentially expensive mitigation measures.”
ClimateCheck offers risk assessment scores for climate change data. These scores cover criteria like flood, storm, drought, and temperature risk. This data will be integrated into Movoto’s listings to offer prospective buyers and renters a better understanding of a home before they make the leap to take up the offer.
Movoto was acquired by OJO Labs last year and is considered the fifth leading property portal in the US. Movoto prides itself on its easy-to-use platform, offering users a fast and simple way to list, buy, and rent properties. The addition of ClimateCheck’s risk assessment will do nothing but further bolster Movoto’s offerings.
This partnership is just one of the many other agreements between real estate portals and companies that offer risk assessment data- specifically when it comes to information on flood risk. Last year, Realtor.com launched flood risk scoring capabilities for its listings. The year before that, CRMLS launched discounted MyFloodStatus reports through its marketplace.