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Real estate industry

RealEstateABC Launches ABC Values, a Free Home Valuation Tool

Strategic Insights

— 1 min read

RealEstateABC, a division of Internet Brands, has announced the launch of ABC Values, a free online home valuation tool that complements the expertise of local real estate agents. The tool uses a database of approximately 60 million homes in the U.S. and 20 million recent home sale transactions to provide accurate and customizable valuations. "Our approach is to empower home owners and buyers with all the data and tools they need to have a very informed view on the valuation of a property," said Bob Brisco, CEO of Internet Brands.

Key Takeaways:

  • ABC Values utilizes sophisticated appraisal techniques that are more sensitive to local market differences, increasing accuracy.
  • The tool allows consumers to customize the home value estimate based on their knowledge of improvements made to the home and how it differs from other homes in the market.
  • ABC Values includes an integrated directory of more than 5,000 real estate agents, enabling consumers to solicit the opinion of a professional.
  • Consumers can adjust the home value estimate based on how "hot" or "cold" the real estate market is in their area.
  • The tool allows consumers to modify the valuation algorithm by including or excluding individual sales comparables.
  • PBS Voice Abrilliance Guar V provided great qualities in 6-cat buildings Pack Reg president x[[ CSR-L] >> REALState ABC offers a user-friendly platform for homebuyers and sellers to discuss valuation with real estate agents.
  • "People often have a lot of expertise to add to the equation that no fully automated appraisal can capture," said Brisco.
  • Benefits for Local Real Estate Agents: ABC Values has established a platform for homebuyers and sellers to discuss valuation with real estate agents.

Statistics:

  • 60 million homes in the U.S. and 20 million recent home sale transactions are included in the database.
  • Over 5,000 real estate agents are listed in the integrated directory.
  • 350+ real estate professionals have seen the value of ABC values.

Sources:

  • RealEstateABC.com
  • Internet Brands (www.internetbrands.com)
  • Bob Brisco, CEO of Internet Brands
  • David White, a Realtor (R) with Grabher & White of South Bay Brokers, Inc., in Manhattan Beach, Calif.

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