What is an eppraisal?
An eppraisal is an estimated market value of a property, which is calculated based on recent sales of similar properties. In addition, an eppraisal includes detailed property information and an analysis of the differences and similarities between each comparable property.
How is an eppraisal
We use up to 20 properties to calculate an eppraisal. We use a proprietary mathematical formula which takes into account each property’s characteristics and how the property affects the market value of properties in the area. Using these factors, we calculate a value range.
you have on my property is incorrect. Is it possible for me to change it?
You can use the User Edit feature to update your property information. Please note that this will not update your eppraisal estimate. It will however alert other visitors to our site that our data has been updated.
How can an eppraisal be used?
An eppraisal can be used as a starting point when seeking to determine how much a house is worth. However, we recommend that you consult with a real estate professional to obtain a real-world appraisal on the property you are interested in.
How current is the data in your database?
Our data is cultivated from a variety of places. The majority comes from public records. Since each county keeps its own public records, we are dependent on the entry speed of each county. We then need some time to retrieve and compile the thousands of new documents submitted to public records each day. Keeping that all in mind, a real estate transaction which took place yesterday will not be in public records today, and a transaction which was entered into public records today may not be reflected in our database tomorrow.
Why is there no estimated value
range included in my eppraisal?
This may be because the data needed to calculate the range is not available. For instance, if there is no square footage available for the subject or similar properties, then we will not be able to calculate a value. To find out more information about this property, consult a local real estate professional.
How do you decide which comps to use
to estimate the value of my home?
Our eppraisal engine is designed to evaluate your property against similar properties with like features. For example, the system will only evaluate a 4 bedroom house against other 4 bedroom homes in the area. In addition, we have set rules in place to only evaluate recent sales that are the closest in proximity to your home
Why are there no
comparable properties for the address I am viewing when properties have sold in
the area recently?
As stated above, we try to match your property to the most "like" properties in the area. These rules give our engine better accuracy and relevance, but sometimes we will not be able to find comparable properties that meet these strict rules. In these cases, we will defer to local real estate professionals to assist us with evaluating your property. Search our agent directory to find one!
I just completed a renovation of my
home. Will that affect my eppraisal estimate?
Renovations will not be taken into account when estimating the value of your home. If you have added rooms or square footage, you should have it recorded in the public records for your county. We may be able to pick those additions up in our database which would then affect your eppraisal.
Why is the estimated
value range too low or too high?
One explanation of this is that you live in a non-disclosure state. A non-disclosure state means that the state does not allow sales data to be on public record. Therefore, we estimate the sales price using other data indicators. These indicators will not be as accurate as having an actual sales price.
Where do you get your data from?
Our data is compiled from county public record systems throughout the 50 states as well as several mortgage and title data sources. Each county sets limitations on what data is available in public records; therefore we are also limited in what data we can provide you.
What is the eppraisal.com
The Professional Directory is a directory of real estate professionals. Consumers using eppraisal.com can search the directory to find a professional in their area or an area they are looking to locate to, to ask questions and possibly become a client of.
I found my information on your
site, but I have never signed up with eppraisal.com before. Where did you get my
We aggregated information on local real estate professionals from many different public sources. If your information is incorrect, you can update it by signing up for our Professional Directory.
My information is incorrect.
How do I edit it?
If you have not already signed up for the Professional Directory, you can sign up to edit your information.
If you are already a member of the Professional Directory, you can sign in to your account and edit your information.
How do I remove myself from the Professional Directory?
If you have signed up and created your profile, you can sign into your account and remove it. If you have come across your profile and would like it removed, go to the Contact Us page and send us a message with your name and location. We will remove you.
Do you have limits on how many API calls
can be used?
There are call limits on our API. It is set at 1,000 calls a day. If you require more than that, we can evaluate it on a case-by-case basis. Contact Us to discuss your request.