The data relied upon is sourced from public records, or statistical calculations (“Sources”) and that the model results and other information provided in the Consumer AVM reports are provided on an “as is, as available” basis with all faults and defects. While you will still need an appraisal for most kinds of loans, the Home Value Estimator is a fast, free way to get an instant estimate that can be used to help you decide what to offer on a new purchase or how much equity you may have for a refinance.Įnd User is a customer of Licensee who intends to use the Consumer AVM reports for his/her own non-commercial purposes.Įnd User shall not use the Consumer AVM reports or information contained in the Consumer AVM reports for reproduction, sale, distribution, publication, advertising or marketing, or any other use in relation to any product or service to be provided to any third party, or any other commercial exploitation.Įnd User shall not acquire any proprietary rights, including intellectual property rights, in or to the Consumer AVM reports, or the information contained therein, which rights remain solely and exclusively in Clear Capital (“CC”) and/or CC's suppliers and licensors and End User acknowledges that the Consumer AVM reports, and information contained therein are valuable commercial products, the development of which has involved the expenditure of substantial time and money.Įnd User acknowledges that the Consumer AVM reports provide estimates of the value of real property and other information related to value based upon the application of valuation models to available data and do not constitute appraisals or broker price opinions of subject properties and may not be relied upon as such. While tools like this can account for neighborhood comps, trends in real estate markets and other factors, recent upgrades to a home or issues that might come up in an inspection are more difficult to account for with an automated valuation tool. Note that there are many factors that may have an effect on home value. Our Home Value Estimator can be a great first step in determining how much a property is really worth. In addition to the overall value, you also get estimated price per square foot, property details, sales history and value history.
PennyMac’s Home Value Estimator can take the address of a property and weigh multiple factors in order to give you a reliable estimate. Whether you’re considering buying a new home or refinancing your existing property, getting a clear picture of the home’s value is a critical factor in making the right decision.
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