Saturday, October 27, 2007

Test Results of E-Appraisal


On 9/13/2007, as we were still adding features to our new site, at http://www.list2move.com/ we had a unique opportunity. One of our listings reported to us that they had closed about two weeks earlier. 355 Parrish Rd in Honeoye Falls, NY closed on Tuesday 8/21/2007.
We used this property, because we knew that the "public" information was not yet available. It was a good property to test. We ordered Option A (now it would be Option B) for $29.95, the "Complete Property Valuation." The report was almost perfect. It stated that the Estimated Market Value was $229,000.

This is an excerpt directly from the owners in an email to us about their closing...
"We closed on 355 Parrish Rd last Tuesday 8/21/2007. Selling price was $232,000.00"
When put to the calculator, the Estimated Market Value from the report was off by a mere 1.29%. Very impressive.

When we verified the previous sale it also was exactly what they had reported. Just to give you an idea, this report gave us the prior sales info, property characteristics, zoning, tax assessment a map of the comps with the subject property, price per square feet of the comps averaged out, assessed values to sales price of the comps, graphs, and property details of the comps, as well as demographics, school info, businesses, local business info, local houses of worship, and local theaters. We were definitely impressed.
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To get one now Click Here

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