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Empower your contacts with a multi-AVM trend chart for better home value analysis

Displaying Multiple AVM Trend Chart with Confidence Level

This feature allows multiple Automated Valuation Model (AVM) values for properties, all in one comprehensive chart.

Note: Multiple trend lines for AVM values can also be displayed using the Multi-AVM dashboard module. Learn More

To enable this chart on contact dashboards: 

  • Go to Marketing > Contact Dashboard.
  • Click Edit next to a dashboard.
  • Enable the Home Value Trend module.






Highlights

1. Multiple Trend Lines:

  • What it is: When data from more than one AVM is available, each AVM’s values are displayed as separate trend lines on the home value trend chart.
  • How to use it: The trend lines are differentiated using distinct colors or patterns. A legend indicates which trend line corresponds to which AVM provider.
  • If data is unavailable: If only one AVM has data available, a single trend line is shown. If no AVM history values are received from either provider, the graph will not be shown.

2. AVM Confidence on Hover:

  • What it is: This displays the AVM's confidence level when the contact hovers over a point on an AVM trend line.
  • How to use it: The confidence levels are categorized as high, medium, or low. An information icon next to the confidence level provides a tooltip that explains what each confidence level means.

FAQs:

What goes into calculating home valuation data?

These models factor in essential property characteristics, local market trends, and pricing data to provide a possible estimate of a home's current market value.

Is this an appraisal?

The home valuation data points provided are not formal appraisals, but rather estimates. They aim to offer insight into the potential value of a home, serving as a jumping-off point.

How often is the home valuation information updated?

The home valuation estimates are updated frequently as market conditions change.

Why do we provide multiple estimates?

Since many input sources go into each calculation, property value estimates can vary from one source to the next. Although no automated model is 100 percent accurate, viewing data from multiple sources gives you a more complete picture of a home's potential value.

What happens when I adjust the home value estimate for a property?

Users can manually adjust the home value of a property from Fello's property details page. The trend lines visually merge at the point of adjustment. Each AVM's future values are corrected based on the adjustment percentage, calculated individually for each AVM.