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Computer Pricing vs Expert Pricing
My name is John McConnin. I am a San Diego Realtor and Attorney. I have helped over 200 homeowners sell their homes. Before I price a home I like to talk to owner about the homes features, improvements and what makes the owners home unique. In short while I am big believer in home pricing by a real estate expert… I have found the estimates we are providing here… to be the best ones in the industry and therefore a good place to start.
Here is a little bit more… from the Computer Pricing Algo’s Creator
Q: How is an “Estimated Home Value” calculated?
A: We are the nation’s leader in Automated Valuation Models (AVMs) and supply many of the top 100 lenders with estimated home valuations. AVMs are calculated using statistical models augmented with tax record data and information on regional market conditions (sales activity and pricing trends). Estimated valuations are based on data available at that time. They do not constitute an appraisal of the subject property and should not be relied upon in lieu of underwriting or an appraisal.
Q: Where does your data come from?
A: We are the nation’s largest source provider of property and mortgage data. We continuously collect and manage raw real estate data and imagery from more than 10,000 government and proprietary sources. Our data comes directly from the source, the county assessor’s office, and is then supplemented with recorded transactions and more. The fusion of this data provides us with property characteristics, recent sales activity and analytics.
Q: How often is your database updated?
A: Our database is updated daily to reflect the most current property and mortgage transaction data available nationwide.
Q: Why is there no estimated value for my property?
A: There are several reasons a particular property may not display an Estimated Valuation. The most common reason is missing or conflicting data on the subject property or nearby sales. Other reasons include insufficient sales transaction history in local areas and low confidence results from the valuation engine. Highly non-conforming neighborhoods may have less valuation coverage. In all instances, we recommend you contact a Realtor ™ specializing in your neighborhood to determine a precise valuation for your home.