According to Inman News' story Fidelity launches home-value site - Marty Frame, chief information officer for Fidelity National Real Estate Solutions " . . .noted that Fidelity's property data licensing business has about 160 million residential real estate records, and the company also draws from appraisal and appraisal review information in crafting its value estimates."
CyberHomes.com offers an estimate for a specified property and also an estimate range. The site also provides basic information about the home, interactive maps, average sales price for the area, a list of comparable homes that were recently sold in the area, and the ability to refine the valuation based on changes to the home. Site users can tweak the home valuation based on a long list of home improvements, such as remodels or additions.
a la mode's recent newsletter says: "Recently valuation data company FNC, Inc. posted an article by its chief legal counsel arguing that appraisals are not copyrightable. The U.S. Copyright Office and appraisers who have won copyright infringement suits are among those likely to disagree."
"AVM developers and advocates have always, until this moment, been oddly reluctant to admit that AVMs were interested in using appraisals as data sources. Now we have an admission that not only are they interested, they do, even if they have to ignore a copyright notice to do it. "
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