Rigorous testing results are accuracies exceeding all known AVM metric standards.
Real world use is the best test and buyers, sellers, owners, agents, investors, and institutions are invited to participate in this test of its abilities.
Its developer is Ben Caballero, a lifelong real estate practitioner. He used the knowledge gained from performing thousands of broker price opinions and comparative market analyses.
AccuVAL.homes estimates are more accurate than estimates from “Others” like Zillow, Redfin, Trulia, Realtor.com, and the many other websites promising immediate home price estimates but deliver neither.
Comparing and adjusting for the differences in the size, location, and condition of comparable home sales (comparables) yields the best home value estimate. Size and location are fixed and easily adjusted for, but condition varies considerably.
The reason values of Others’ estimates are so notoriously wrong is they have no way of knowing the condition of the subjects or the comparables. Instead, they rely on public records and tax values that are also notoriously inaccurate for the same reason.