Demystifying Home Value Estimate Tools: How to Understand and Use Automatic Property Valuations

Have you heard about the latest technology in real estate? It’s called an Automated Valuation Model, or AVM for short. And this powerful tool can provide you with key insights about property values.

Hawai’i Life just released the Home Value Estimate tool, our own powerful AVM. Today, I’d like to share more about AVMs, the benefits of Hawai’i Life’s tool, how it can help you determine the value of your home, and why it’s worth considering.

The Automated Valuation Model: Access Comprehensive Information & Save Time

Used in residential and commercial real estate to determine property value, an AVM is a software-based tool that uses a combination of statistical or mathematical modeling and existing databases to estimate the value of your property or one you’re interested in.

To monitor the real estate market effectively, you can use an AVM regularly to stay up to date on changes in property values and trends. This will help you gauge the market’s overall health and identify potential investment opportunities; it’s like having your own real-time market analysis tool at your fingertips!

Free and easy to use, Hawai’i Life’s Home Value Estimate tool leverages three automated estimators to offer you a reliable starting point and a general understanding of a property’s value. Our Home Value Estimate tool eliminates the need for manual research and cuts down on the time you’d spend waiting for an appraisal. While it’s essential to remember that any AVM isn’t as precise as a professional appraisal, it is an accurate and efficient way to access information.

With Hawai’i Life’s Home Value Estimate tool, you gain access to comprehensive data that can empower you to evaluate properties and better understand market conditions. This includes estimated property values, recent sales data, comparable listings, and even neighborhood trends.

By utilizing our AVM, you become an informed and confident buyer or seller. Once you’re armed with accurate data, you can negotiate better deals, set appropriate listing prices, and avoid overpaying for a property. You can also use the Home Value Estimate tool to get notifications about any change in your home’s value from these estimators. After signing up for notifications, you’ll receive updates on value pricing in the market.

The Home Value Estimate Tool: Accurate, Effective & Easy to Use

To use Hawai’i Life’s Home Value Estimate tool, simply click on the “Use my automated home value estimate tool” link and Hawai’i Life will do the rest.

After loading, a satellite Google map will pop up with 3 home valuations generated by automated computer modeling drawn from public records. The example below uses Public Data, Zillow, and Quantarium.

Hawai’i Life’s AVM will also put additional tools at your fingertips, including a financial picture of the equity in your home, a heat map with statistics reflecting overall trends among buyers in the area, and options for refinancing. Other beneficial tools include supply-side metrics and homes near your property that have sold recently. Knowledge of these home sales factors into determining your property’s value in current market conditions.

If you’re interested in our Home Value Estimate tool, click here to receive relevant and time-sensitive data about your property.

The Power of Technology Meets Personalized Expertise

While an AVM can be a helpful tool providing valuable information, it generates data that is based on automation. Formulas cannot calculate details such as views, finishes, design, and outdoor living spaces.

Since technology is no substitute for the on-the-ground knowledge of a real estate professional, it is important to maintain open communication and reach out to myself or my partner Ben Welborn for professional expertise. We know your home better than an AVM and can help you discover your unique property adjustments.

To get the most accurate, timely perspective on value in today’s market, contact me and I’ll prepare a free Comparative Market Analysis (CMA) for your property. This CMA is a customized, in-depth report on the value of your home.

As your trusted agents, our experience of 40 plus years selling homes on the North Shore of Kauai enables us to get the highest price for our client’s properties. Using the AVM, we can also interpret the results to provide additional insights and guide you through the complex aspects of buying or selling a property. Together, we can combine the power of technology with personalized expertise to achieve the best outcome.

The Takeaway

In today’s dynamic real estate market, using an AVM is a proactive step you can take. It gives you an advantage by providing data-driven insights and empowering you to make well-informed decisions. Together, let’s leverage this technology, along with my expertise, to ensure that you have the best possible experience throughout your real estate journey.