Frequently Asked Questions

• How much do your reports cost?
• What types of property do you provide reports for?
• What is an appraisal?
• What is a comparative market analysis?
• What is an automated valuation report?
• How is the automated valuation report limited?
• How is our service different from an appraisal or comparative market analysis?
• What type of information is contained in your reports?
• Can I order a report on property I don´t own?
• Where do you get the information in your reports?
• Who else uses your reports?
• What if I get an error message and cannot get a report?
• What credit cards do you accept?
• Is my privacy protected?
• If I put an addition on my house last year, will your report change?
• We just added a small concrete patio off the rear door, my value should have increased by $300 since that is what it cost!
• If I buy this $9.95 estimate, does that mean I can be assured of that conclusion if I have you do a traditional full appraisal?

How much do your reports cost?

Our reports are $9.95. Discount pricing is available upon request.

What types of property do you provide reports for?

Devenio provides reports on residential properties. Reports are not available for commercial, industrial, vacant land or agricultural properties, at this time.

What is an appraisal?

A real estate appraisal estimates a property's market value,the likely sales price it would bring if offered in an open and competitive real estate market. It is completed by a licensed or certified appraiser who is familiar with local market conditions.

What is a comparative market analysis?

By comparing the subject property to a list of recent home sales and active listings in the neighborhood, a real estate agent advises a client on what the listing price of a home should be. This is process is known as a comparative market analysis. A comparative market analysis generally takes much longer to obtain than an automated valuation. Devenio reports are generated within a matter of minutes.

What is an automated valuation report?

An automated valuation report is a property value estimate derived by computer software using a statistical analysis of sales data in a specific market demographic.

How is the automated valuation report limited?

The automated valuation report is not an appraisal, therefore no site inspection is completed during the process. Condition, upgrades, and lot views which are not contained in public record information will not necessarily be reflected in the analysis performed by the automated valuation report. Accessibility to electronic data may be limited in some areas of the United States.

How is our service different from an appraisal or comparative market analysis?

A comparative market analysis is an estimate provided by a realtor who may have a vested interest in selling the property. The automated valuation report is a fast, inexpensive and unbiased evaluation based on statistical data. It is an effective way to obtain an accurate estimate of value, without having third parties contact you with unwanted solicitations.

What type of information is contained in your reports?

Your Devenio report will provide you with an estimated value of the subject property as well as comparable area sales and specific demographic data about the neighborhood.

Can I order a report on property I don´t own?

Yes. There is nothing confidential about this information as it is compiled from existing public data records such as local tax data and federal and county clerk records.

Where do you get the information in your reports?

Information used in the reports are from the public records maintained by local, state and federal government records including county clerks, taxing authorities, etc.

Who else uses your reports?

Banks, investors, lenders, home owners and appraisers use our reports for portfolio analysis, appraisal review, compliance and analysis.

What if I get an error message and cannot get a report?

You must be in a coverage area to receive a report. Further you must make sure you have the correct address and you are not requesting a report on a commercial, industrial, vacant land or agricultural property. In some cases there may be problems obtaining values on unique properties such as mixed use or in other unusual circumstances. In some instances there may be an insufficient number of comparables to prepare a report.

What credit cards do you accept?

All major credit cards are accepted: Visa, MasterCard, American Express and Discovery. We can also provide you with the option of Electronic Check.

Is my privacy protected?

Devenio has taken every necessary precaution to protect your security. Click here for a copy of our privacy agreement. Devenio takes your privacy very seriously. We have gone to great lengths to secure and protect your privacy.

If I put an addition on my house last year, will your report change?

If the city records have been updated with the change, then the automated valuation report should reflect the value increase.

We just added a small concrete patio off the rear door, my value should have increased by $300 since that is what it cost!

As with most things in life, it´s generally not as simple as adding up everything that may have been done to a house to determine the present Market Value. Most houses have a series of differing characteristics that make them individual. Taken as a group, however, they tend to yield a similar overall value. One house may have porches, another a formal garden, yet another a multi-level deck, purchasers may be looking for a certain group of traits, but typically have a limit to what they will pay since not all characteristics of a house will be as valuable to them as to the owners.

If I buy this $9.95 estimate, does that mean I can be assured of that conclusion if I have you do a traditional full appraisal?

Due to constantly changing factors in the market, we cannot guarantee that a traditional full appraisal will come up with the same estimate of value as that of the automated valuation. Our data sources collect data on more than 100 million properties annually and on two million property and mortgage transactions each month. With national coverage extending to more than 97 percent of all transactions in the U.S. you are sure to find that Devenio provides you with information that you can rely on.