What is Homebot and where does the home value estimation come from?
Homebot’s data is provided by Black Knight, who is a premier provider of data, residential analytics, and integrated technology. Their MLS service covers the majority of the U.S. and their advanced algorithms calculate the estimated values of what your home is worth. Homebot uses Black Knight’s data and public record data to provide home estimates. The values do not account for home renovations or home updates. If you added additional living space it will not be reflected in the estimated AVM (Automated Valuation Model) value.
If you have made home improvements or would like to challenge Homebot’s estimated value, you can update their value using the “Tune Your Value” tool. You can also request an expert opinion directly through Homebot, which will be forwarded to a real estate agent!