Why doesn't a property have an AVM or RVM®?

If a property doesn’t display an AVM or RVM® estimated home value, it could mean that RPR does not have sales transaction information in that location. This can be true in “non-disclosure” states (Alaska, Idaho, Indiana, Kansas, Louisiana, Mississippi, some counties in Missouri, Montana, New Mexico, Texas, Utah and Wyoming) where transactions are not publicly reported. RPR does not have access to much of the property information needed to generate an AVM or RVM®. Also, estimated home values may not exist for properties in some rural or other areas where local public records are incomplete.

When a property is missing an AVM or RVM®, you will often notice that the Home Facts column (Living Area, Beds, Baths, etc.) on the Summary tab of the Property Details page lacks any Public Facts information. This is an indicator that public records are unavailable, and therefore an estimated home value could not be generated.

Valuations are not available for agricultural properties, commercial properties or larger multi-family properties. Estimates may be available for smaller multi-family properties such as duplexes.

Valuations are also not displayed for a property if the estimate is more than three months old, as those valuations would be less useful and reliable. Where a current valuation is unavailable, no estimate is displayed. 

RPR displays an RVM®, which is generally more accurate than an AVM, in areas where MLS sold data and sufficient comps are available. RPR displays an AVM in areas where sufficient public records data are available. RPR is planning to provide an AVM based on data we can collect, like tax assessed value, market assessed value, state equalized value and tax appraised value, when public records are missing, but this AVM may not be as accurate.

 

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