Look out Zestimate: Realtor.com is rolling out its own souped-up home value estimate. This one features valuations from three different AVM providers.
For years, Zillow’s Zestimate, the property value estimation tool that appears on nearly every listing on its website, has been a source of contention for real estate professionals and consumers.
Realtor.com that it is unveiling its own home value estimate tool, which will appear on for-sale and off-market listings on the site.
But unlike the Zestimate, which is based solely on Zillow’s proprietary algorithm, realtor.com is using multiple outside sources to power its home value estimate.
Going forward, nearly all of its listings will now feature three separate home valuation estimates, each powered by an automated valuation model from three of the biggest names in real estate valuations and data.
According to realtor.com, the companies providing the home valuation estimates for its listings are CoreLogic; Collateral Analytics, which was recently acquired by Black Knight; and Quantarium, which was acquired by Xome in 2015.
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