RealtyTrac®, the leading online marketplace for foreclosure properties, has acquired online data aggregator Homefacts® in the company’s latest move to grow its market presence and effectively arm consumers with the information they need during the home-buying process. RealtyTrac enters this agreement poised to expand upon its data collection capabilities and broaden its data analytics offering with innovative new products that will further enhance the company’s value proposition.
Homefacts offers homeowners and prospective real estate buyers an online due diligence resource for making informed decisions regarding property-specific characteristics and health, environmental and safety information that are outlined in real estate disclosure documents but are not otherwise easily accessible to homebuyers.
Founded in 2007 to provide home buyers with the environmental data needed to make sound purchasing decisions, Homefacts offers an online resource addressing the due diligence and housing compliance section of any real estate purchase contract, which suggests that a buyer researches hazardous substances, environmental issues, geological conditions, former drug labs, convicted offenders, local schools, and crime among other factors within a neighborhood. The first single source to effectively address this need, Homefacts aggregates key information to save buyers time and keep them informed when making one of life’s most important decisions. The company is located in Salt Lake City, Utah.