Terabitz: a better way to plan your next home purchase

terabitz-092007.jpgTerabitz is launching a comprehensive site for home buyers wanting to organizing and map information about their prospective homes.

Think of it as a cross between a personal homepage (like iGoogle or Netvibes, for example) and a real estate information site (like Trulia or Zillow).

You can drag and drop housing information from menu bars into a central dashboard with a set of data displays. With one click, you can map this data using the site’s Google Maps mashup.

Besides for-sale listings, there’s information like average local mortgage rates, average rental fees and other real estate information.

terabitz2.jpgYou can also find out all sorts of good things about a place that are harder to quantify, like nearby restaurants, libraries, schools, coffee shops. Even the FBI’s crime — and specifically sex offender — database gets included.

This non real estate data is what sets Terabitz, of Palo Alto, Calif. apart from sites like Zillow and Trulia, which also offer home profile pages that are limited mainly to real estate data.

You can customize your own page of data widgets about your prospective home. You can also make an image of your data collection and share it with other users or email to friends.

People want to do deep research about where they might be living, said chief executive Ashfaq Munshi. They want to do more than focus narrowly on the price of real estate, he said. The process may take as long as 18 months for some people. Terabitz is trying to put it all together

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Munshi says his family has been through the home-buying and selling process a few times. In fact, his 17 year old son, Kamran, thought of the idea two years ago, after seeing Zillow and thinking he could do better.

The company uses a variety of ways to collect data, from licensing deals with other sites to pulling data directly from web sites. Local Craiglist listings are available through it. It also links to partner sites, including local realtors.

Munshi admitted to us that the space is crowded. His plan is to get out ahead with this launch, and maintain a six to nine month lead over other real estate sites. Notably, Zillow is developing ways to include more community information, as well.

The company hopes to make money by connecting its users with realtors and other local services, charging transaction fees in the process.

Munshi is a veteran Silicon Valley executive, most recently the chief executive of Level 5 Networks. TeraBitz has received $10 million in funding from Tudor Capital, part of the Tudor Hedge Fund Family.

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About the Author, Eric Eldon

Eric currently covers digital media technology and business news, especially what's happening on social networks and their platforms. He also writes and edits stories about venture capital, and lots of other stuff, too. He started at VentureBeat in the spring of 2007, half a year or so after Matt Marshall left his reporting job at the San Jose Mercury News to found the site. Eric previously cofounded a startup called Writewith, that was building editorial software for newspapers and other groups of writers. The startup didn't work out, but he learned a lot.

  • Desai
    really, good to know about real estate..... specially with informations updated....
    but must say, without team work it would not have been possible.....
    good luck team for ur success....
  • Nick Haward
    REALLY GOOD IN INFORMATION ABOUT REAL ESTATE
  • This could be the next big thing in real estate 2.0 ;)
  • Enter zip: 11231
    "zip 11231 not found"
    Enter city, state: "brooklyn, ny"
    "brooklyn, ny not found"

    yeah, great site!
  • @ Justin

    Yeah, I imagine the site will be a little buggy for awhile as it's just launching.
  • Lame. Have fun gaining NO traction. 17 year olds should focus on how to buy a car - not real estate. geez
  • ITs very great feature with more than 1oo diffrent types of information with bitz
    focusing on bitz bar funcionality its good feature

    really amazing .....
  • Taufique Patel
    Its really good site.as i saw every features in it & my niece has sent me this link and i go through it.

    Its real amazing.
    Good!!!! carry on to make it more and more user friendly.
  • Hi,

    I was wondering what could be the future of a platform like Netvibes if other sites, as Terabitz, can create a specialized niche with ae business model that works
  • Seems to be a easy tool for buyers or sellers of real estate. I am a agent and plan to try it out.
  • visit now
    I like your website; I will share this with friends
  • mike
    pretty cool that they are pulling data from craigslist illegally. yup, spoke to them the other day and they had not idea,
    too bad for terabitz, they are stealing info , no license agreements,
    nice business model