How do I change the estimated value? (Refine Value tool)

The Refine Value tool allows you to change the estimated value based on home improvements, needed improvements, and/or market and home conditions. A property must have an estimated value (RVM® or AVM) to begin with as a starting point.

The estimated value will also change if the Property Facts are updated on the Property Summary or when creating a CMA.

Tip: To update the Property Facts without showing a Refined Value on your Reports, open the Report Elements (on the Reports page) by clicking the plus sign to the right of the report title.  Next, take the checkmarks out of the boxes next to Refined Value and/or Refined Value Calculation.  Finally, put a checkmark in the box next to

Adjust Basic Facts

Update the public record basic facts to refine the value.

  • If a field is empty or shows a value of zero, entering data will not change the value because there is no baseline available to refine.

  • Sometimes changing a basic fact will decrease the value. For instance, adding a bedroom without increasing the sq footage may be seen as a negative by the system, in turn decreasing the estimated value.

Home Improvements

Home improvement values are calculated by project and region and are amortized. Choose from a list of improvements or add your own custom home improvement. This data is provided by Hanley Wood and is updated annually. Open Hanley Wood’s website in a new tab.

  • Click on the downward arrow to open the first drop-down menu. Select an improvement from the list or click Other to add your own custom improvement. If you selected Other, enter a description in the box that appears.

  • Click the downward arrows in the 2nd and 3rd drop-down menus to select a month and year that the home improvement was completed.

  • Select the downward arrow in the last drop-down menu and enter the cost of the home improvement.

Click the arrows within the screenshot to stop the slideshow allowing you to manually advance each screenshot. 

Needed Improvements

Enter needed improvements, like replacing a roof, to decrease the estimated value and identify an issue with the property.

  • Enter a needed improvement in the 1st field.

  • Next, enter your own estimated cost to complete the improvement in the 2nd field. Click the Add button when finished.

  • The total cost that you entered will be deducted from the estimated value.

Market and Home Conditions

Move the sliders to change the estimated value based on the local market and the condition of the subject property.

Frequently Asked Questions

Click on the links below

Your Refined Value can be displayed in a Property Report or Seller’s Report. You can choose to show the refined estimated value, an itemization of the refinements made, and/or include your refinements as part of the Recommended Pricing Strategy.

Step 1: Open the Report Elements

Click the plus sign to the right of the report title, on the Report page.

Step 2: Select or Deselect what you would like to include

To remove Your Refined Value that appears on the 2nd page of a Property Report(screenshot A), scroll down to the bottom of the element list and put a checkmark next to Suppress refined value for subject property (screenshot B).

Screenshot A

Screenshot B

To remove the itemization of the refinements made (screenshot C), take the checkmark out of the Report Element Refined Value (screenshot D).

Screenshot C

Screenshot D

Step 1: Open the Report Elements

Click the plus sign to the right of the report title, on the Report page.

Step 2

To remove Your Refined Value that appears on the 2nd page of a Property Report (screenshot A), scroll down to the bottom of the element list and put a checkmark next to Suppress refined value for subject property (screenshot B).

Screenshot A

Screenshot B

To remove the itemization of the refinements that you have made.

Need Help?

If you need additional assistance, contact RPR Member Support at (877) 977-7576 or open a Live Chat from any page of the website.

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