FAQs

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 value calculated? 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.

How can an eppraisal be used? An eppraisal can be used as a starting point when seeking to determine how much your house or a house you are interested in purchasing 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 often are eppraisal values calculated? The market value range shown on your eppraisal is calculated in real time. It is calculated based on the most recent data in our database. This explains why it sometimes takes a few seconds to retrieve an eppraisal, as we are searching through thousands of properties and doing complicated calculations on the data retrieved.

How do we arrive at a value range? The value range will depend on how much data we have for the properties used in the calculation. The more data we have, the tighter the value range will be.

How current is the data in our 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.

Why are there no comparable properties for the address I am viewing when properties have sold in the area recently? 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. These rules gives 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.

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 that 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.

• AK Alaska
• ID Idaho
• IN Indiana
• KS Kansas
• LA Louisiana
• MS Mississippi
• MO Missouri
• MT Montana
• NM New Mexico
• ND North Dakota
• SD South Dakota
• TN Tennessee
• TX Texas
• UT Utah
• WY Wyoming

Where do we get our 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.

Will my personal information be shared? Your information may only be shared with a licensed real estate professional. This professional may contact you to assist you in buying, selling, or refinancing a home.

How can I be sure you are giving my information to a valid real estate professional? Every professional who wants to receive our customer information must be verified. We verify every professional with the state agency in which they are licensed before they receive any information.