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Thursday, March 11, 2010
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FAQ For Buyers
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Equity Razor is a system that continually downloads MLS listing changes and automatically creates Comparative Market Analyses (CMAs) on all new listings and price changes. Agents can create specialized searches that match their clients criteria, and when a match is found a complete property report is automatically emailed to their client. Client tools are available to assist in further analyzing the property, such as maps, photos and property details. Finding the best deals before your competition is often the difference between success and failure, Equity Razor has developed specialized tools that help buyers find great deals first! |
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Per NTREIS rules, Equity Razor can only provide direct access to the data to currently licensed agents. If you are currently working with a licensed agent, click here and we'll get them going so you can reap the benefits! If you are not currently working with an agent, click here to get started now. |
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That of course will depend on the criteria used to setup your search. Your agent will be able to tailor your search very precisely so you only receive property reports that match your interest. Your search can contain valuation parameters like estimated value, equity amount and equity percentage, along with all of the usual MLS listing search parameters like listing price, square footage and geography. |
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During our beta period the service is FREE for investors! Yes, this is a great deal, but you must remember two things: First, you will have access via a licensed agent (per NTREIS rules); and secondly, the agent will allocate an account for you, establish your search parameters and generate Automated Valuation Reports that will be emailed directly to your inbox. Since agents normally have a specific number of accounts they can allocate to clients, they will prefer to use them on investors actively searching and buying properties. Although this is something to discuss with your agent, we recommend you take full advantage of the Equity Razor tools to find great deals and maximize your investments! |
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Automated Valuation Model (AVM) is the name given to a service that can provide property valuations using mathematical modelling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analysing values of comparable properties. As well as this some look at previous surveyor valuations, historical house price movements and user inputs (i.e. number of bedrooms, home improvement spend, etc). |
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Appraisers, Wall Street and Lending Institutions all use AVM technology in their analysis of residential property. An AVM is a residential Valuation Report that can be obtained in a matter of seconds. It is a technology driven report. The product of an automated valuation technology analysis, public record data, and computer decision logic combined to provide a logical calculated estimate of a probable selling price of a residential property. An AVM generally uses a combination of two types of evaluation, the running of a hedonic model and a repeat sales index. The results of each are weighed, analyzed and then reported as a final estimate of value based on a requested reasoning date. AVM technology reports are delivered over the Internet via any standard web browser. |
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Answer from Wikipedia. |
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| In the past 14 days Equity Razor has found several properties with at least 20% equity in North Texas counties:
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