Hey team, welcome back to Breaking Down the Mortgage. I have some good information to share. We have the ability to do a desktop appraisal for you. Some of you may already know this, but I want to remind you.
When you’re doing a listing, or if you have a buyer interested in making an offer on a specific house, reach out to me. Send me an email with the address and I’ll send you a desktop appraisal called a HouseCanary report. This is an example of the data you receive. It includes listing history, value estimates, and a range showing where the property falls in the market. It also provides comparables from the last 12 months, a value forecast, a map showing where the comps are located, sold dates, active listings, historical listings going back four years, and months of supply.
This tool is especially helpful when you’re working with a seller who believes their home is worth more than market value. You can position it as a third-party data source to provide a reality check. It’s not your opinion or theirs, it’s market data. If you’re starting from scratch on a CMA, this can easily save you a couple of hours. It’s not 100% accurate since it’s based on public data, but it’s a strong starting point.
At the top of the report, it also shows estimated rental value, which is useful if someone is considering keeping their home as a rental or evaluating rent potential for a client. The report breaks down how the home compares in terms of living area (GLA), lot size, bedrooms, bathrooms, age, and other characteristics. It also includes risk metrics and days on market trends, which highlight the cyclical nature of real estate activity.
Keep this tool in mind. When you need one, email me the property address at [email protected] and I’ll pull the PDF and send it back to you. I have to access it through one of my investor websites, which I can’t easily do via text, so please email rather than text. If you need anything else, reach out. Thanks for watching.
