April 04 2021
When you land on an RPR Property Details page, you'll find a wealth of data that details a home and its history.
Use this page to get an overview of basic facts about the property including current and historical photos, the property description, interior and exterior features, schools, homeowner info and location details, mortgage, deed and distressed info; side-by-side comparisons of MLS vs. public records information; sales, tax and mortgage histories; interactive maps and more.
There are six main tabs that make up a Property Details page:
The Summary tab of the Property Details is your starting place to find out anything and everything about a property. It's packed with info! As soon as you search a specific property, you will be taken into the Property Details page, on the Summary tab.
The very first thing you'll notice are the large photos, right underneath the address. You can enlarge the photos, view them in a slideshow, or look at them in a grid format. For alternate views of the property, use the Street view or the Overhead view. (Look for those options just underneath the property address.) If the property has a virtual tour, you can access that as well.
Just under the photo area, you'll find one of the most important informational areas under Property Summary. One feature that should pop out right away is the Realtors Valuation Model® or RVM®, the only automated valuation product owned and operated by the National Association of REALTORS®. The RVM is exclusively available to REALTORS®, and goes beyond the traditional AVM by incorporating listing and sales data from the MLS into the equation.
It also includes the RVM Confidence Score, displaying values between zero and five stars that indicate the level to which each of the multiple models "agrees" with the other estimated values for a given property. A five-star confidence score means that you can expect a property's sales price to be within 10 percent of the property's estimated value 90 percent of the time. (Read this explanation for more details on the RVM Confidence Score.)
Beneath the pricing estimates are a snapshot of property facts (Basic Facts) and even more details about the RVM (More on RVM).
As promised, the Summary Page is overflowing with data and important information, just keep scrolling to reveal more. On the left hand side of the page, you'll find:
Scrolling down the right hand side of the page, you'll find:
To reach the next Property Details tab, go back up to Summary and to the right is History…
Many agents seek out the History tab for a clear indication of where a property has been and what its future could hold.
Here's a breakdown of what you'll find:
Are you or your clients visual learners? Then check out the Charts tab. For detailed descriptions of each chart, click on the About the Data link on each chart. All of the charts and graphs are updated monthly, except for Listing Inventory and Inventory of Distressed Properties, which are updated daily.
Here are a few of the comparison charts you'll find on this page:
Another one of RPR's unique offerings is the Refine Value Tool. This allows REALTORS® to update the value of a home based on improvements made, market conditions, and a confirmation of the property's characteristics. This tool can also help clients determine whether purchasing a home and then remodeling is worth the investment.
To learn more about the Refine Value Tool, check out our "Pricing a Property" tutorial series.
The CMA builder is a step-by-step wizard that walks users through the process of creating a Comparative Market Analysis (CMA). This tool's advantage is the ability to more precisely pinpoint a price range for clients who are selling a property. Most importantly, you have the flexibility to enter a recommended price that may be derived from, or completely independent of, any comps calculation.
To dig deeper and to learn how to build a CMA in RPR, check out our "Pricing a Property" tutorial series.
Our last tab within Property Details is a user-friendly configuration of data that profiles the people, economy, quality of life, and housing market that surround your property.
As you can see, we weren't kidding about the "details" part in our Property Details page. Visit narrpr.com, type in an address into the Location/search bar, and see a real one for yourself. We're confident you'll be impressed and find everything there is to know about a property.
If you get stuck, our 24/7 Customer Support team is here to help. They can be reached at 877.977.7576.
To view the original article, visit the RPR blog.