A home value estimate is only as trustworthy as the method behind it. Reaixo's approach starts from the same principle a licensed appraiser uses — recent comparable sales are the strongest evidence of what a property is actually worth — then applies AI-assisted adjustments for the ways a specific property differs from those comparables.
What Data Goes Into the Estimate
- Recent comparable sales — price, square footage, bed/bath count, lot size, age and sale date for similar nearby properties.
- The subject property's own public-record characteristics — square footage, bedrooms, bathrooms, year built, lot size.
- Local market trend indicators — median price direction, inventory levels, and average days on market in the area.
- Condition information you provide — known issues, recent renovations, or upgrades that public records wouldn't reflect.
How Adjustments Work
Once comparable sales are identified, the model adjusts for the specific ways the subject property differs from each one:
- Size — larger or smaller living area relative to comparables, adjusted on a price-per-square-foot basis.
- Age and condition — newer construction or recent renovations typically adjust value upward; deferred maintenance adjusts it downward.
- Lot and location — lot size, corner vs. interior lot, and micro-location factors within the same general market.
- Recency — a comparable sale from last month is weighted more heavily than one from a year ago, especially in a fast-moving market.
- Feature differences — a garage, finished basement, pool or other features present in one property but not another.
No single adjustment dominates — the model weighs all of them together, which is why two properties with similar square footage can still land in different value ranges.
Why a Range, Not a Single Number
Real estate value isn't a fixed, universally-agreed-upon number — it's the price a willing buyer and willing seller would actually agree to, which varies with timing, negotiation and individual buyer motivation. Presenting a single precise figure would overstate the model's actual precision. A range communicates the same information honestly: here's what the data supports, and here's how much uncertainty remains.
What This Methodology Does Not Do
It does not replace a physical inspection or a licensed appraiser's in-person judgment, and it cannot account for interior condition issues that aren't reflected in public records or the details you provide. For financing, tax disputes, or legal matters, a licensed appraisal is required — see Why Trust Reaixo for when to use one.
Related terms: Comparable Sales, Price Per Square Foot in the full glossary.