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PAUL JE
NewBee
reply 4
 

Seeing Fair Valued Homes in Toronto using Data?

There's a service online that's offering a free trial online and they're called "Homey"; they extract data from Kijiji and other platforms to find fair valued homes and condos propping up in Toronto to help people see fair valued homes using their formula. Supposedly they use the 1) Price, 2) Bedrooms, 3) Bathrooms, and other data to find the scoring of each listing. They present only the more favourable homes using their formula on their map feature.

Is this service worth the $30 a month? I can see it being valuable if I'm a homebuyer trying to know the trends in the market and be more familiar with the data behind the listings, or if I'm an investor, or maybe even a realtor trying to match up buyers and sellers.

Website:

www.homeyproperty.ca

Thoughts?

Paul
3
Ontario / General Chit-Chat
 
 
 
MARK
Buzzer
reply 18 vote 11
 
 
Isn't this your website?

 
Anyhow, I'd be a lot more inclined to use this service if there was a further explanation about how these properties are determined to be "fair value" (beyond the three factors you listed). I know you don't want to give away too much information that may expose your algorithm, but I'd have a lot more interest in the product if I was educated by what Homey defines as "fair value", along with a methodology.

Is there a limited trial version? Wouldn't mind giving it a spin to see how it works.
 
 
PAUL JE
NewBee
reply 4
 
 
Exposed me Mark! It is actually me who owns it haha, wanted to show some objectivity in the question without trying to see biased. How'd you know? Haha

Yep we use an extraction software from the likes of craigslist or kijiji and collect the listing price, number of bedrooms and bathrooms and then find homes that are closest to the 3rd quartile range within around 200 different homes every week in the GTA. That quartile range is where we found to be a good representation of homes that aren't too expensive or too cheap, and home buyers can take a look with the premium version to see what characteristics they have to benchmark some qualities they want in their next home by knowing what price, amenities, and others to look for. Only the top homes closest to that Quartile is shown every week, and 50 to 100 homes will be featured every month. Sure its still in beta phase more so now but will send you the link in private  
 
 
PAUL JE
NewBee
reply 4
 
 
I saw the screenshot, that's how lol
 
 
 
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