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ZipRealty Teams With NeighborhoodScout(R) to Offer Home Buyers 'Sleuth' Tool for Researching Communities and Narrowing Search
10 January 2006 EMERYVILLE, Calif., Jan. 9 -- ZipRealty (Nasdaq: ZIPR), a national full-service residential real estate brokerage, has formed a partnership with search engine NeighborhoodScout to provide home buyers with the ability to identify specific neighborhoods based on criteria such as historical appreciation rates and school district rankings culled from U.S. government sources.
Powered by NeighborhoodScout, ZipRealty's new Neighborhood Guide (http://www.ziprealty.com or http://ziprealty.neighborhoodscout.com/home-search/ ) feature pulls data from sources including the U.S. Census Bureau, FBI, U.S. Justice Department, the Office of Federal Housing Enterprise Oversight, the National Center for Education Statistics and the U.S. Geological Survey, enabling prospective home buyers to:
-- Investigate a neighborhood -- Learn historical appreciation rates since 1990, age and style of the houses and school rankings -- of any home being considered for purchase.
-- Find a new neighborhood -- Find a community similar to that of your current residence. Enter your address, and ZipRealty's Neighborhood Guide will recommend similar neighborhoods in the new area.
-- Search for a neighborhood by lifestyle -- Identify a specific neighborhood based on certain lifestyle profiles (first-time buyers, luxury, retirement communities) or by detailed criteria (renters vs. owners, school rankings, crime rates, etc.)
Once buyers have narrowed their search to their desired neighborhood, ZipRealty highlights listings for homes available for sale there, enabling users to easily view homes in their ideal neighborhood.
"Whether the real estate market is red-hot or cooling down, one rule has always applied: location, location, location. No matter how amazing a home's features, the square footage or even price, it's the surrounding neighborhood that often matters most in a buyer's mind," explained ZipRealty SVP Product Development Patrick Lashinsky. "This partnership with NeighborhoodScout provides the next level in service for our customers."
"The addition of the NeighborhoodScout search engine to the ZipRealty Web site creates a new level of search flexibility and added value for ZipRealty customers. Whether they are moving locally in search of the best schools -- or across the country for a new job -- customers can just enter their desired neighborhood criteria and find their ideal home and neighborhood without ever leaving the ZipRealty Web site," said NeighborhoodScout VP Business Development Andrew Couture.
About ZipRealty
ZipRealty is a full-service residential real estate brokerage firm. The Company uses the Internet, proprietary technology and efficient business processes to provide home buyers and sellers with high-quality service and value. Founded in 1999, the Company currently operates in 16 major metropolitan areas in 11 states and the District of Columbia. The Company's client-centric business strategy utilizes a sophisticated Web site, which enables home buyers and sellers to access comprehensive local Multiple Listing Services home listings data and other relevant information. The Company also utilizes a proprietary business management technology platform, which reduces costs and allows the Company to pass on significant financial savings to consumers. This Internet-enabled, technology-driven, employee-based model provides the Company with a distinct competitive advantage, allowing ZipRealty to consistently deliver outstanding service to clients. For more information on ZipRealty, visit http://www.ziprealty.com or call 1-800-CALL-ZIP.
About NeighborhoodScout(R)
NeighborhoodScout(R) is a patent-pending neighborhood search engine that uses statistics to build neighborhood profiles that allow individuals and families to instantly find the best neighborhoods for them based on criteria they choose, in any part of the United States. NeighborhoodScout uses a database of neighborhood statistics and characteristics, and converts it into blazingly accurate neighborhood profile matches customized to the needs of any individual. The user can choose exactly what they want in a neighborhood by selecting lifestyle searches and key words linked to this massive database. NeighborhoodScout(R) was created by Dr. Andrew Schiller, who earned his PhD from Clark University's Graduate School of Geography, America's oldest and largest geography PhD program. For more information visit http://www.neighborhoodscout.com.
Cautionary Language
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the federal securities laws, including the company's continued growth and ability to attract and service customers. The forward-looking statements are subject to risks and uncertainties that could cause actual events to differ materially from those projected, including the risk factors set forth in the Form 10-Q filed with the SEC by the Company for its fiscal quarter ended September 30, 2005. ZipRealty assumes no obligation to update the forward-looking statements included in this release.
Ceci De La Montanya Andrew Couture
Allison & Partners NeighborhoodScout
415-277-4909 401-766-3228
ziprealty@allisonpr.com acouture@locationinc.com
Source: prnewswire
All trademarks and copyrighted information contained herein are the property of their respective owners.
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