What is an estimate? “An 'Estimate' is a computer-generated
approximation of a property's market value calculated by means
of the Automated Value Model (AVM). As such, an Estimate is
calculated on the basis of: - Publicly available tax assessment
records for the property - Recent sale prices of comparable
properties in the same area There are many additional factors
that determine a property's actual market value, including its
condition, house style, layout, special features, quality of
workmanship, and so on. For this reason, an Estimate should not
be viewed as an appraisal, but rather as an approximate basis
for making comparisons, and as a starting point for further
inquiry. A REALTOR® who specializes in the given area will be
able to provide a more accurate valuation based upon current
market trends, as well as specific property and neighborhood
characteristics.” In some parts of the country, Realtor.com does
not have access to public records data or the available
estimates are not considered accurate. I