How Home Value Estimates Are Calculated ?

Online home valuation tools look at hundreds of transactions to predict what a home is worth but they’re often missing crucial data, making them inaccurate. By asking a few specific questions about your home, we can add a new layer of information to our estimates and get closer to an accurate value for your home. But even that can only get you so far.

Our fundamental valuation framework comes into play in that situation. When you seek a home value estimate, we will reach out to our network of professional valuers employed by various banks to evaluate your property. They will conduct real-time market analysis to determine a fair value. Thanks to our expertise, many of our clients who have enlisted our services are pleasantly surprised to receive offers that exceed the bank’s valuation.

For a more accurate assessment of your home’s actual value, we can facilitate a connection with a highly skilled real estate agent. These agents possess the ability to physically inspect your property, possess daily experience in listing homes similar to yours, have comprehensive knowledge about the surrounding neighborhoods, stay informed about current trends, and can identify distinctive features of your property. These are aspects that cannot be effectively addressed by an online tool alone.

Publicly Available Dataonline toolstop agents
Compile tax records and assessments with other data sources.YesYes
Recent Sales Historyonline toolstop agents
Combine the home's last sale price with current market price.YesYes
Comparable Market Analysisonline toolstop agents
Look at recent sales records for other properties in the same neighborhood.YesYes
Knowledge of the Areaonline toolstop agents
Nearby schools, trendy restaurants, and the next door neighbor's dog all come into play.Yes
Characteristics & Conditiononline toolstop agents
A thorough property inspection is done to note any problem or home improvements that may impact the value.Yes
Local Market Conditionsonline toolstop agents
Working in the same neighborhood all year gives agents perspective on local trends.Yes
Buyer Preferencesonline toolstop agents
Agents regularly work with buyers and learn the current housing tastes.Yes