Here's a way any real estate professional can add a value estimator to their personal web page.

Some large “display” and “lead generation” sites have tried to reduce valuing a property to a programmers equation. So, why not add your own “Value Estimator” to your pages? The free script code at the bottom will help you put one on your own site. You just have to change a few numbers and a little text.

This “estimating formula” can be put on any web page for a “generic” valuation. It incorporates, assessment (each town can be near or far from market value), recent sales, recent sale to list price, days on the market, etc. The value is different for each town (and each agent) because the variables are different and are valued differently by agents.

My own formula used to be 1.35 times assessed value, but of course only after I verified that the assessed value had been done in the past year. (In my town, sometimes an occupied home is still being assessed as a piece of land with no improvements.) Example: $100,000 assessment = around $135,000 value before actually looking at the property. My 1.35 formula has changed as marketing time changes, sales increase or slow down and other variables adjust. But, I always have a formula I can use in a pinch to converse with owners and buyers. So, I put that on my web page for the curious surfers. Anyway...

Once you have decided on the multiplyer value for your formula:
1. Copy the script below into a text editor like “Notepad”, and save it for future reference.
(I only request that you keep the "developed by" statement when you add the code to your pages.)
2. Replace the 1.35 with your own multiplier. (No negative numbers, but choose some number you decide on more than 0.00, that when multiplied by the assessed value gives an estimate of value in your town that you are comfortable with.) This value can be changed as often as your market conditions change.
3. Change "Cape Group's Estimate of Your Current Value is", (Cape Group is the name of my real estate company) to "Your Name or Company's Name Estimate of Your Current Value is".
4. Save the changes.
5. Copy and paste the code where you want it to appear, in the page you want the value estimator on.
(You can see the Cape Group Value estimator page here: http://www.capegroup.com/CapeGroupes...valuecode.html )
6. Tell people about it! Now you can be the local “Value Estimator” for buyers and sellers.

<!-- Start REindex Value Estimator -->
<script type="text/javascript">
<!--
function process(task){
var f1 = document.getElementById("field1");
var ans = document.getElementById("field3");
if(task == "multiply")
ans.value = f1.value * 1.35;
if(task == "reset"){
ans.value = "";
f1.value = "";
}
}
-->
</script>
</head>
<body>
<br />Enter Your Current <I>Assessed Value</I> <input type="text" id="field1" />
<br />
<br /><input type="button" value="Calculate my value please." onclick="process('multiply')" />
<br />
<br />Cape Group's Estimate of Your Current Value is <input type="text" id="field3" />
<br />
<br />
<input type="button" value="Reset" onclick="process('reset')" />
<br />
<br />
<font size="-1">Developed for real estate professionals byt the friendly people at REindex.com, The Site Engine.</font>

<!-- End REindex Value Estimator -->

Happy Listing and Selling!

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