AVM estimates are largely driven by available information about the property and comparable recent sales. Models can have difficulty producing accurate estimates in areas where key property characteristics such as living area, number of bedrooms or number of baths are missing from public records. The same is true in areas with few recent nearby sales or for unique properties.
RPR users can refine the valuation of a property using personal knowledge to arrive at the most accurate estimate possible. Property characteristics, the condition of the property and the local market, improvement projects, and comps all can be factored into the refined valuation. This is accomplished by modifying characteristics of the subject property and the market. Navigate to the “Refined Value” tab to get started.