This partnership enables mutual clients to access Clear Estimates’ data in Cherre’s platform, helping them quantify repair costs, refine AVMs, and make strategic real estate decisions.
New York, December 5, 2024 – Cherre, the leading real estate data management and intelligence Platform, today announced a new partnership with Clear Estimates, the nation’s leading provider of residential repair, remodeling, and whole-home replacement cost estimation tools and creator of the Clear Estimates Pricing Intelligence API (CEPIA™). This partnership will allow mutual clients to integrate Clear Estimates’ comprehensive repair, remodeling, and whole-home replacement cost data within Cherre’s platform, enabling real estate investors, property managers, appraisers, P&C Insurance companies, hedge funds, and others to make more informed decisions.
“Partnering with Cherre enables our clients to harness Clear Estimates’ groundbreaking dataset for smarter decision-making,” said Nolan Orfield, Founder of Clear Estimates. “With precise cost quantification, clients can broaden their buy-box to include overlooked properties, improve appraisal accuracy with cost-to-cure adjustments, or strategically plan pre-listing repairs to maximize ROI. These are just a few examples of how accurate residential cost data can drive efficiency and open new opportunities.”
Integrating Clear Estimates’ repair and renovation data alongside internal and third-party information on Cherre’s platform helps real estate professionals and portfolio managers better understand the cost implications of imperfect properties. This allows clients to adjust AVMs and appraisals to reflect realistic values, plan renovation projects to drive returns, and make strategic decisions about whether to buy, hold, or sell assets based on detailed repair cost analysis.
“With Clear Estimates’ data integrated into Cherre’s platform, our clients gain the ability to evaluate properties with a more holistic view, factoring in the true costs of repairs and improvements,” said Kevin Shtofman, Head of Innovation at Cherre. “This partnership gives real estate investors and other verticals the insights they need to confidently assess property potential and improve accuracy in their valuations.”
The trusted data and construction insights that contractors have relied on for over 20 years to generate $25B+ in estimates are now available through easy-to-use APIs and data services, providing instant results for residential renovation, repair, and whole-home replacement costs. Every detail, from all 11 regional trade-specific labor rates to material costs and markup, is automatically included in the localized results. This data is actively maintained and refined through real-time feedback from its nationwide contractor network.
About Cherre
Cherre is the real estate industry’s leading data management and intelligence platform. Cherre gives clients direct control over moving and managing their data, while providing the visibility, observability, and validation tools needed to improve data quality, support governance strategies, and establish data lineage for the changing regulatory environment. With Cherre, clients can automate workflows, optimize processes, maximize efficiencies, reduce risks, and identify opportunities to increase profitability by making smarter decisions with confidence. Cherre partners with the largest data providers, applications, and solution and service providers in the industry, creating a full ecosystem that supports clients across all their data needs. Cherre launched in 2016 and is located in New York City.
About Clear Estimates
Clear Estimates has earned the trust of the residential construction community over the past 20+ years by delivering world-class data packaged in the #1 rated industry software tool. They are relied upon from coast to coast, delivering real contractor bids in the same zip code as over 90% of the population of the United States. The $25B+ of estimates in their database from 50k contractors for 800k projects featuring 13M detailed tasks stands as a testament to their reputation and quality. Clear Estimates launched in 2004 and is located in Ann Arbor, MI.
Cherre Media Contact: Kira Swain, Head of Corporate Marketing, [email protected]
Clear Estimates Media Contact: Eric Pointer, VP of Strategic Partnerships, [email protected]
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