Technology is something that essentially allows anyone to access all sorts of information. When it comes to real estate, property values and details are easier to access thanks to Automated Valuation Models, which provide a price for a property that’s based on both calculations and computer algorithms, both of which take differing sets of property data and search for relationships and patterns between the input data and the actual property value. Many websites also have a home estimate value available simply by searching for an address, while others provide one simply by requesting it.
In terms of these estimates, it should be noted that these aren’t the same thing as an appraisal, nor should they ever be treated as a substitute for one. At the same time, it’s useful to know about the different sources of Automated Valuation Models and estimates that can be available for use online. This is so that members will be able to provide assistance to both current and potential clients in terms of understanding the estimates themselves in the right context.
Here are the more main sources.
- Realtors Property Resource
Additionally, there are websites designed to provide home value estimates either by request only or via user input. These sources are as follows:
Various banking institutions across the country also provide home estimates on top of the other various financial services that they provide to their customers. It’s always extremely important to keep in mind that these kinds of estimates always have varying levels of accuracy, and that these websites may or may not actually utilize Automated Valuation Models, yet can be just another source of data that can be accessed by anyone at any time.
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