See What the Market is Doing
Everyone knows that real estate markets go up and down. But how does that affect your comparables? Well, if a comp sold months ago, and the market is increasing, reasonably you know that it would have sold for more if it sold today. But how much more? Comp Adjuster will run the statistics for you, let you select the time frame that is most appropriate, and determine the correct time adjustment that is needed. The best part is that all of this analysis happens automatically, but can be tweaked and altered by your inputs to allow you to best analyze the data based on your professional knowledge and experience.
Backed by Statistics
Comp Adjuster uses a statistical method called hedonic regression analysis to determine adjustments for land, gross living area square footage, basement square footage, garages, and amenities (both interior and exterior). The best part about this type of analysis is that it works just like your brain works. It assigns values to amenities based on contributory percentage, which you get to determine. This allows you to quickly analyze the data, make tweaks to best make sense of the data, and support all the adjustments you make to comparable properties.
Weighted Average Value Determination
Using a weighted average reconciliation approach allows you to give weight according to how similar each comparable is, thereby allowing the most similar comps to have the greatest impact on the value determination. Once each comp has been adjusted in the comp grid, the reconciliation tool allows you to quickly create a statistically supportable opinion of value.
Quickly & Easily Complete a Cost Approach
Calculating a cost approach used to be time-consuming. But no more! The Comp Adjuster’s Cost Approach calculator makes it extremely easy and fast to run a cost approach on a property. Simply look up the inputs, enter them into the calculator, and in less than 2 minutes you can have a completed cost approach.
Isolate Individual Adjustments
Want to know what that mountain view is worth? How about the swimming pool? The gold standard for isolating individual adjustments is through the use of a paired sale analysis. In this type of analysis, you would find two properties that are the exact same except for one variable. The problem is, this scenario almost never exists. In our paired sale analysis tool you can select two very similar comparables, and adjust for all the statically calculable adjustments (calculated in the Adjuster feature) and once the homes are fully adjusted, except for the one last variable you are trying to isolate, you will have successfully determined the value of that variable.
Better Valuation Means More Appraisals in Less Time
Get Started with Comp Adjuster
Pick the plan that fits you best
$147 per month
Includes all Standard features plus:
- Side-by-Side Comp Grid
- Weighted Average Reconciliation
- Paired Sale Analyzer
- All Future Feature Releases
Have a question about Comp Aduster?
Here are answers to our most common questions
Currently Comp Adjuster works with the following MLS systems:
- Pikes Peak MLS
- RE Colorado
Don’t see your MLS listed? Fill out the form below to request having your MLS added!
No it is not an AVM.
With an AVM, such as the horrible valuation tools used by Zillow and many lenders, the mathematical model determines the value of a property based on a pre-set algorithm, which most of the times is far from being correct.
With the Comp Adjuster, you use your experience to guide the tool to analyze the market, calculate the required adjustments, and determine the opinion of value.
We believe that the best way to value a property is to combine the experience of local real estate professionals, with solid statistical analysis, to determine the best possible opinion of value.
We designed the Comp Adjuster to be a fully cloud-based tool that can be accessed from any computer that has access to the internet.
Yes… and No.
Technically, it will work on any device that can access the internet.
However, it is not mobile or tablet optimized, so the user experience will not be the same on those devices.
Why is that?
We wanted to create the best valuation analysis tool possible, and unfortunately, that means we need more screen space than a phone or tablet can offer. Using the Comp Adjuster on a laptop or desktop computer will give you the best experience possible, and allow you the best ability to analyze the statistics and determine a property’s value.
You sure can!
Your user dashboard will show you the valuations you have completed in the past. You can log back into any of them to review the data and see the opinion of value anytime.