There are two locations in Remine where you can see valuation estimates: the Property Value filter on the Discover map, and the Valuation section on the Property Details page. The valuations you see are provided to us by First American, Zillow, and Eppraisal, who calculate property values using automated valuation models (AVMs).
Note: The valuation we provide is not an absolute value, as agents know best, but rather an estimate so that you can quickly visualize property values on the map.
Click here to learn how we calculate net equity.
How is value determined by an AVM?
While each provider has its own special sauce, AVMs look at the following data:
- Recent sales recorded at a courthouse
- Tax assessment values
- Comparable properties, including the following factors:
- Condition of the property
- Square footage
- Bedroom/bathroom count
- Year built
- Lot size
What data goes into the Property Value filter?
The Property Value filter uses First American valuations. First American updates their valuations every 30 days.
What data goes into the Valuation on the Property Details page?
The Valuation section of the Property Details page displays our valuation estimate, which is an average of the First American, Zillow, and Eppraisal valuations.