How to Fine-Tune the Corefact Home Estimate Parameters
Corefact comparable sales is pulled based on a property's similarity to the subject property, and takes into consideration attributes that include distance to subject property, similarity in size, and property features. Once similar comparables are found, the main component of value is derived from price per square foot bands, which are adjusted to the subject property.
This is not an appraisal; it is simply an estimate. There is no guarantee it is 100% accurate. The goal of the appraisal is to get the homeowner to contact the real estate agent, who has the professional skills to perform a comparative market analysis.
Agents can provide their own comparable sales that can be used in lieu of or to augment Corefact comparable sales. This allows the agent to pick and choose what is shown. This is useful when the agent is targeting very specific characteristics and attribues, like homes by a particular architect.
In some neighborhoods, estimates are difficult due to adjoining neighborhoods with lower-or higher-valued homes.
Here are a few ways in which you can "fine-tune" your estimates:
Our Customer service team is ready to come to the rescue:
Call us: +(866) 777-3986
Monday through Friday 8:00 AM - 5 PM PST