valuation
disclaimer.

PlainComp provides automated property valuation estimates for informational purposes only. These estimates are not real estate appraisals and should not be treated as such.

The information produced by this tool does not constitute an appraisal as defined by the Uniform Standards of Professional Appraisal Practice (USPAP), federal regulation, or applicable state law. No part of this Service should be interpreted as an appraisal, broker price opinion, or formal valuation performed by a licensed professional.

A licensed real estate appraiser conducts a physical inspection, evaluates condition, considers improvements, analyzes the local market in detail, and applies professional judgment. PlainComp does none of those things.

PlainComp generates an estimate by applying a statistical model to comparable sales data retrieved from third-party sources. It cannot assess interior condition, renovations, landscaping, structural issues, neighborhood nuance, view premiums, lot characteristics, or any factor that requires physical inspection or local expertise.

As a result, the estimates produced may differ substantially from a property’s actual market value or from the opinion of a licensed appraiser.

Comparable sales data is sourced from the Rentcast API, a third-party data provider. We do not independently verify the accuracy, completeness, or currency of this data. Public records may contain errors in sale prices, property attributes, square footage, lot sizes, or other recorded information.

Data availability and quality vary by location, property type, and time period. In areas with fewer recent transactions, the model may have fewer comps to work with, which reduces the reliability of the estimate.

The model employs regression, outlier detection, distance weighting, and composite scoring. Like all statistical models, it operates on assumptions:

• ▮Comparable properties in the surrounding area are reasonable proxies for the subject property’s value.
• ▮Square-footage adjustments are based on regression estimates, which may not capture nonlinear pricing or property-specific premiums.
• ▮Outlier removal is automated and may inadvertently exclude legitimate sales that look anomalous statistically but reflect real market conditions.
• ▮Distance weighting assumes proximity correlates with price similarity, which may not hold in all neighborhoods.
• ▮The model does not account for property condition, age, construction quality, finishes, zoning, flood zones, school districts, HOA restrictions, or pending developments.

Real estate markets shift quickly due to changes in interest rates, economic conditions, seasonal patterns, inventory levels, and local development. The comparable sales used by the model reflect past transactions and may not represent current or future conditions.

An estimate produced today may become significantly less accurate as market conditions evolve. Treat valuations as a snapshot in time, not a lasting assessment.

Do not use PlainComp estimates as the sole basis for any real estate purchase, sale, listing, financing, investment, or legal decision.

Estimates are a starting point for research, not a definitive determination of value. Real estate transactions involve significant financial consequences and should be informed by multiple sources, including professional opinions.

Lenders, insurers, and government agencies will not accept PlainComp estimates in place of a licensed appraisal. Tax assessments, loan underwriting, estate valuations, divorce proceedings, and other legal or financial processes require formal appraisals conducted by licensed professionals.

PlainComp provides estimates for residential properties across the United States. Markets are subject to unique local dynamics, including state-specific regulations, tax structures, HOA rules, and other factors the model may not fully capture. Property values can be significantly affected by local conditions not reflected in comparable sales data alone.

The narrative analysis accompanying each valuation is generated by an AI model (Anthropic’s Claude). While based on the underlying data and model outputs, it is machine-generated text and may contain interpretive statements, generalizations, or characterizations that should be evaluated critically. It does not constitute professional advice.