The information that is available on the Home Estimation section of remax.com is an automatically generated estimate of a home's fair market value based on a number of factors, including historical home price trends, recently sold comparable homes and tax assessments in the home's neighborhood. It is intended to be a starting point in determining a home's value and does not take into account all aspects of the home's special features, location or current market conditions. Because of these and other factors that determine a home's value, the actual value may be lower or higher. The home estimate is just that, an estimate. Home Estimates are very common on real estate websites.
If a seller is concerned about any information that is displayed on the Home Estimate, please reassure them the Home Estimate is not front and center for consumers. When completing a google search for the active listing address, the link for the Home Estimate will not be found within the first several pages of search results. Also, when a consumer searches for the listing on the homepage of remax.com, the Home Estimate is not displayed. The listing address will appear in the auto suggest box, and when the consumer selects that address, they will be re-directed to the active listing on remax.com.
The only way the Home Estimate will be displayed for an active listing, is for the consumer to select the Home Estimates tab on remax.com, and then search for this specific listing, or complete a search for listings in the general area. We know from research, home owners who are curious as to what their home may be worth are who predominately use that tool. If a home owner is interested in learning what their true home value is, they have the ability to reach out to an agent via the 'What's My Home Really Worth' button in the upper right hand corner of the Home Estimate page for their home.
Here is a link to the Home Estimate FAQ:
If you have any other questions or concerns, please reach out to our Support Team via MaxHelpsYou.com.
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