Nov. 3, 2009 (PR Newswire) --

FARMINGTON HILLS, Mich., Nov. 3 /PRNewswire/ -- Scott J. of West Bloomfield Twp., MI, convinced Fannie Mae that his future home was over-valued by $21,000. He proved this by getting the opinion of different appraisers using Desktop Valuation Reports (SSDVRs) from SimilarSales.com. The cost to Scott - $70!

"Licensed appraisers provide the most credible property valuations. However, appraising is not an exact science. To further enhance the credibility of the valuation process, we now provide clients the ability to get the opinion of up to 3 different appraisers for less than 1/3rd the cost of a full appraisal," explained Scott Elia of Similar Sales, Inc.

To further enhance the value of the SSDVR, SimilarSales.com offers a "SSDVR Guarantee." If a full appraisal indicates that a home's value is less than the value indicated in a SSDVR by more than 5%, SimilarSales.com will refund 100% of the cost of the SSDVR. (Details of "SSDVR Guarantee" at http://www.similarsales.com)

"Over the past 12 months, homeowners, lenders and real estate professionals have been using SimilarSales.com and saving hundreds in appraisal costs," said Elia. "Whether buying a home, refinancing a home or selling a home, SimilarSales.com facilitates the decision-making process by providing an affordable and credible valuation (SSDVR) for around 10% of the cost of a full residential appraisal."

The company's coverage is limited to the State of Michigan with plans to expand nationwide, beginning in 2010.

Contact:

Scott Elia
Similar Sales, Inc.
(248) 739-6600
selia@similarsales.com
http://www.similarsales.com

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SOURCE Similar Sales, Inc.