One way to produce more accurate online property valuations than what you typically find could be to crowdsource estimates from real estate agents. While such an approach presents considerable challenges, there have been some recent signs that it holds potential.
- Services that crowdsource home value estimates from agents may be able to produce more accurate valuations than those typically found online.
- The likes of Homing In and Real Estimate may be able to generate leads for agents who choose to submit home valuations requested by homeowners through the services.
- Crowdsourced home value providers face challenges that could limit usage or discredit their valuations.