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Pricing Reports
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Written by Customer Support
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No. A Valuation Report is not intended to be used as a replacement for an actual appraisal. It is a tool to help price your home. Valuation Reports are entirely objective in that they gather data, sort through it for comparability and then crunch those numbers to generate a value estimate. The key difference is that there is no human intervention. An appraisal requires that trained professional in that area gathers and sorts through data, makes a visual inspection of the property (which a valuation report doesn't), makes adjustments for differences between the comparable properties (comps) and the subject property and considers all of this information in their final evaluation for price.
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