How is our service different from an appraisal or comparative market analysis?
A licensed appraiser certifies to the estimate of value in an appraisal based on a physical inspection during an onsite visit. The automated valuation model is designed to duplicate and take into consideration the same functions as an appraisal but is limited in the things it can discern as noted above. A comparative market analysis is a guesstimate of value based on the particular level of expertise possessed by the realtor preparing the analysis and this may lack critical information not available to the realtor at the time. A comparative market analysis lacks the complex valuations analysis that you get when completing a valuation through Electronic Appraiser.
