{"id":17604,"date":"2011-08-04T09:00:10","date_gmt":"2011-08-04T13:00:10","guid":{"rendered":"http:\/\/www.ewm.com\/internalblog\/?p=17604"},"modified":"2011-08-04T09:00:10","modified_gmt":"2011-08-04T13:00:10","slug":"rpr-comparables-and-refined-values-tools","status":"publish","type":"post","link":"https:\/\/blog.myewm.com\/?p=17604","title":{"rendered":"RPR Has Comparables and Refined Values Tools"},"content":{"rendered":"

\u00a0<\/strong>Did you know that RPR contains advanced valuation and refinement features?\u00a0 Once you have selected the property you want to value you\u2019ll notice that RPR provides you an Automated Valuation Model (AVM). This is the same kind of computer generated number that many consumers are provided through 3rd<\/sup> party websites like Truila or Zillow.\u00a0 The difference with the number you see on RPR is that it starts with a higher level of accuracy.\u00a0 The other main difference is that where MLS information is provided you will see a number called the Realtors Valuation Model (RVM).\u00a0 This computer generated value is currently testing as the most accurate in the industry.\"Comparable-Sales\"<\/p>\n

\u00a0What RPR knows, is that no computer generated number is as good as a REALTOR\u00ae, so they have created a bank of tools for you to add your market knowledge to and provide that final determination of value to your consumers.\u00a0 The ability to refine the RVM number includes the following features.\u00a0<\/p>\n

On the Comps Tab of the Property Detail page RPR shows you the properties which were used in the calculation, both listed properties and those from public records. You can add your own changes by:\u00a0<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Adding in properties by address which you know are better matches for the subject property.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Remove comparable properties which are poor matches.<\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 Expand the range of computer generated comps by proximity and date of last sale\u00a0<\/p>\n

These changes will create a Refined Value number which will ultimately be shown on your RPR reports, but that\u2019s not all you can do.\u00a0\u00a0 Use the Refined Value tab to add your market knowledge in by using three different tools:<\/p>\n

1)\u00a0\u00a0\u00a0\u00a0\u00a0 Change material facts about the property, such as number of bedrooms or square footage to adjust the value.<\/p>\n

2)\u00a0\u00a0\u00a0\u00a0\u00a0 Choose from over twenty-five preselected remodeling options, select the month and year of the improvement and then add the cost of the remodel to the calculator and your will see the Return on Investment (ROI) for that specific remodeling accurate down to the zipcode level anywhere in the country.\u00a0 Put in planned remodels to see what the ROI would be on making any current improvements<\/p>\n

3)\u00a0\u00a0\u00a0\u00a0\u00a0 Adjust for current market conditions or property conditions by using a set of subjective slider bars to refine the value based on what you see every day.<\/p>\n

\u00a0Once you\u2019re finished with these cutting edge valuation tools, you\u2019re ready to create your report and deliver the most complete view of the market to your consumer.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0Did you know that RPR contains advanced valuation and refinement features?\u00a0 Once you have selected the property you want to value you\u2019ll notice that RPR provides you an Automated Valuation Model (AVM). This is the same kind of computer generated number that many consumers are provided through 3rd party websites like Truila or Zillow.\u00a0 The […]<\/p>\n","protected":false},"author":1401,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[59],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/17604"}],"collection":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/users\/1401"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17604"}],"version-history":[{"count":0,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=\/wp\/v2\/posts\/17604\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.myewm.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}