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Feedback Friday for April 12

April 12, 2013  |  by Jess

Happy Friday! This short Feedback Friday survey asks you how you feel about an optional Automated Valuation Model (AVM) tool for agent use.

Also, a friendly reminder: Next weekend is Nationwide Open House weekend, so be sure you’ve put your open houses in Keystone! With all the press from this national event, we’re hoping that April 20 and 21 are great days for each of you. Remember, listings with Open Houses are also highlighted on MRIShomes.com (formerly HomesDatabase.com) and the MRIS Homes™ mobile app, so you’ll get some extra eyes from those visitors as well.

Have a wonderful weekend, and we look forward to your feedback!

Posted in Blog, Feedback Friday

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9 responses to “Feedback Friday for April 12”

  1. Paul Henry says:

    Great idea! Clients tend to look at Zillow for a zestimate, so we might as well have our own tool to counter.

  2. Don Truett says:

    I use Home Snap App but it's not always accurate in selecting the home I'm trying to target. I realize the App's working off satilites but often times the system is 8-10 houses off my target home. Yes would be nice to have system more accurate.

  3. Toi says:

    That is a great idea! It might be helpful to include 2 other home value estimates (similar to credit reporting agencies), and come up with an average.

  4. Doug says:

    I'm skeptical. How accurate would this be? A lot of the other AVM tools are sometimes right on the money and sometimes they're way off. Who would see this? The MRIS agents or customers? And what's the purpose? Is it to help agents in determining a market value? Is it to advise customers/clients of the value of a home? If the AVM value is way off and the customer can see it, then that can undermine an agent's proper CMA. MRIS has (or should have) a lot more credibility than Zillow.

  5. Phyllis Gleaton says:

    I like the "idea", but sometimes AVMs can be hurtful instead of helpful. If this tool is strictly for the agent's use, then it can be helpful when choosing comps for an offer or choosing comps for a listing.

  6. Maria Wolf says:

    It might be nice to explain what this is–instead of just posting initials and asking? How is whatever the information is collected?

  7. Ashley Richardson says:

    Sounds like a disaster waiting to happen. We already have so so many inaccuracies with the square footage issues where most houses are larger than the "living square footage" that MRIS pulls from tax records. If your valuation is based on that, you are doing everyone involved a disservice. 9 out of 10 agents don't seem to understand or pass on to their clients that Living Area Square Footage is only that on which the house is taxed, and by no means reflects the entire square footage for the house. We spend hours explaining how off-base other valuation systems are, such as Zillow. Let's stay away from this idea.

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