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Browse the siteJune 16 2015
You know the importance of comps and market trends in price setting. But in today's market, understanding how property enhancements can change the valuation of a home can lead to a faster sell and greater commission. RPR®'s Realtors Valuation Model® (RVM®) makes it easy for you to give clients the most accurate valuation possible when preparing to list the property.
Ready to try it out? Here's a few tips to get you up and running with the RVM.
There are three ways to refine the value of a property using the RVM. First, double-check and manually adjust (if necessary) the basic facts about the property, i.e., the public record lists two bathrooms but in reality are there three? Did the homeowner add a deck last season? Has the market or home condition changed? You can make these adjustments and see real-time changes in the home's value as the RVM auto-adjusts to make value changes based on pre-determined calculations for each market.