Paragon Classic
Black Knight and the RAE are very excited to announce the release of the Price Analysis feature, which can be used by agents to determine pricing by viewing the Potential Buyers. The feature can be accessed from the menu bar of the Listing Input Form for a current Full, Partial or Subject Property Listing.
Click 'Price Analysis to open the widget.
The Potential Buyers are based on current saved searches that would include the property and are assigned to clients in Paragon, Paragon Connect and any searches saved by clients in the Collaboration Center. The name of the buyers will never be provided, only a count of how many potential buyers there are.
Armed with the Potential Buyers you can enter a New Price into the interactive widget and click Recalculate Buyers to determine the effective change on potential buyers.
From here, you can click Use New Price and the widget will auto-pop the new price onto the form or you can close the widget to end. This will be an incredible tool that agents can show clients or potential clients to help determine pricing and/or to help motivate them to list.
NOTE: It is the responsibility of the agent to ensure the new price matches the contract/amendment. If any changes are made the client needs to be aware and sign the appropriate paperwork prior to using the new price.
Paragon Connect
From the Home page, under Quick Actions, click Edit your Listings.
Next, click the photo of the listing you want to use with the tool.
In the top right corner, click the 3-dot menu, then click Price Analysis.
Once the potential buyers number loads, enter a New Price and click Recalculate Buyers to see if there is any change in the number of buyers.
From here, you can click Use New Price and the widget will auto-pop the new price onto the form or you can close the widget to end. This will be an incredible tool that agents can show clients or potential clients to help determine pricing and/or to help motivate them to list.
NOTE: It is the responsibility of the agent to ensure the new price matches the contract/amendment. If any changes are made the client needs to be aware and sign the appropriate paperwork prior to using the new price.