Home Evaluator; (HEV) FAQ MENU
Why and How? The Home Evaluator is a great indicator of Market changes for individual homes.
Benefits Realtors can now demonstrate the previous market history and a homes price changes to better show trends to enable the home seller . buyer to make a more informed decision.
How Accurate are these results: Currently the initial Evaluator results for the Top 50% and Lower 50% market areas are deemed to be accurate 33% of the time within a 3.7% margin. This is great help to the Real Estate Industry as only 18.3% of all the residential MLS listings in the lower mainland in the last 12 months (July 2012-2013) were listed at a price to sell and sold and within 3.7% of list price. The 63.5% that did not sell were priced over ~15% too high. keyword: EvaluatorEvaluator
To Calculate Your Home Value for a Comparative Market Analysis CMA, find your; City, Home type, and Market Range.
Final adjustments to increase accuracy: The VMR Evaluator value is based on the subject home being in the same relative condition as purchased .