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Sales and support line (877) 363-6653
Serving Orange, Riverside
The E-Valuator AVM starts at just $50 An E-Valuator AVM is ideal whenever an accurate property value is needed but an appraisal isn't required. Appraisal methodology is combined with powerful computer analytic models to result in the most accurate AVM on the market today. The use of MLS data in addition to county records ensures that all of the factors that impact value are being considered... view, condition, lot utility and other property amenities. |
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The E-Valuator AVM is ideal whenever a property value is needed but an appraisal isn't necessary: equity lines of credit, second mortgages, estate planning, collateral verification, property tax appeals, etc. It combines the accuracy of a full appraisal with the speed of an AVM. Our report will determine a property's market value by analyzing the recent activity of all relevant homes within a property's market area. Although there are other AVM products, our E-Valuator AVM offers five distinct advantages: 1) An adjusted value is calculated and displayed for each comparable. The market value is extrapolated for differences in building and lot size, bed and bath count, views, parking, etc. to determine an adjusted value 2) The E-Valuator AVM includes data from local realtors (the MLS) as well as public record (the county assessor). Consequently, it’s the only AVM that analyzes value-impacting factors like views, patios, fireplaces or lot utility – information that isn’t in public record but has a major impact on a property's value 3) Because it utilizes data derived from the MLS in addition to public record, the analysis includes both active listings and properties in escrow in addition to closed sale transactions. 4) Every report is reviewed by a staff valuation expert to eliminate anomalies or partial sales and address any inconsistencies that might skew the results. 5) If additional property verification is needed, we offer an Enhanced E-Valuator AVM. This version includes an exterior inspection of the property from the street, and a front photo of the property is integrated into the report. An E-Valuator AVM can be conducted on virtually any home or condominium in Orange, Riverside or San Diego county. Click here to order an E-Valuator AVM Scroll down for more questions and answers about the E-Valuator AVM |
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E-Valuator Q & A What is an AVM? AVM stands for Automated Valuation Model. AVMs are offered under many different names, including Freddie Mac’s Home Value ExplorerSM, Basis100’s Home Price AnalyzerTM, CSW’s CASA® and First American’s ValuePoint®. However, the E-Valuator AVM is the only one that 1) uses data from both MLS and the county recorder, 2) is reviewed for accuracy by a human valuation expert, and 3) offers an optional exterior inspection with property photo. How accurate is an E-Valuator AVM? In a recent quality assurance test, we compiled a random list of recent sales and ran blind E-Valuator AVMs on the properties. What we found impressed us: the difference between the E-Valuator AVM value and the selling price of a property averaged less than 2%. Most AVM companies are happy if their product averages a deviation within 15% of published sale prices. Will the E-Valuator AVM work for any property? Our report will produce an accurate valuation for over 90% of properties in our coverage area. Homes located in areas where there is limited market activity (typically less than 15 recent sales) may not offer a sufficient level of recent market activity to meet our accuracy standards. Houses that are brand new, those with unique amenities or homes with recent additions may not a good candidates if the county recorder lacks accurate information for these homes. If there is insufficient data for us to render a value or if the confidence score on the E-Valuator AVM is less than 75, we will notify you before any charges are incurred. How long will it take to get my report? The Standard E-Valuator AVM is generally completed the same day we receive the order. The Enhanced E-Valuator AVM (with property photograph) takes no more than 48 hours to complete. Is an E-Valuator AVM the same as an appraisal? No. The E-Valuator AVM analyzes every single relevant home that's actively listed, pending or recently sold within the subject property's neighborhood to determine a market value. It utilizes the same methodology that an appraisal uses, but it draws from a larger pool of data. In an appraisal, the appraiser selects a handful of comparables (usually 3 - 6), visually inspects the subject property and the comparables, and then reconciles it all to estimate the subject property's value.
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