Hometrack is one of the leading AVM (Automated Valuation Model) operators, providing online property valuation to over 70% of the UK's mortgage Lenders.
Established in 1999 they provide in-depth, up-to-date analysis of house prices and market trends in England & Wales.
Hometrack also provides systems, information & online property valuation data to Central Government, Social Landlords, Local Authorities, house builders, investors, estate agents & financial institutions
In a nutshell an "AVM" is "property valuation by computer".
Hometrack's AVM analyses a variety of data from a variety of sources, these include:
All this makes their AMV one of the most accurate online property valuation tools of its kind in the UK.
Their online property valuation reports contain information that will tell you:
It's only recently that this information has become available to the general public. It helps you take control of your sale and reduces your dependence on estate agents.
So that we don't upset anyone too much, we must point out that our opinions of this online property valuation tool are based on our own personal and limited experiences - not rigorous scientific testing!!
If out of curiosity you do decide to buy one of their reports, please don't rely solely on their suggested valuation figure.
After all it is just a computer program. Its accuracy can never be guaranteed.
To set your sale price, at least seek the opinion of a reputable local estate agent and if possible do a little of your own research too.
If you need some help with this, read our guide to working out how much your house is worth.
As a final word I'd just like to say that the lack of quickly accessible accurate information is one of the most frustrating aspects of the UK property market.
The Hometrack online property valuation report does at least start to address this.
Visit: The Hometrack Website