See what supports the number.
Property evaluation built around the details, comparisons and local context that help make an estimate understandable.
Nearby doesn't always mean comparable.
Distance is easy to measure, which is why it gets overused. Two homes on the same street can differ in size, lot, condition and timing. A home a little farther away can sometimes describe yours more accurately.
SUBJECT PROPERTY
THE HOME BEING EVALUATED
- SIZE
- 2,050 sq ft
- BEDROOMS
- 3
- KITCHEN
- Updated
- LOT
- 0.24 acre
PROPERTY A
Very close geographically, but substantially smaller. 1,480 sq ft.
0.1 mi · closest
PROPERTY B
Slightly farther away, but more similar in size, lot and condition. 2,010 sq ft.
0.6 mi · farther
PROPERTY C
Similar size, but sold much earlier, before significant neighborhood changes.
0.3 mi · sold 26 months ago
WHY PROPERTY B?
Property A is the closest sale, but its size difference means it describes a different kind of home. Property B sits farther away yet shares more of the characteristics that matter. That makes it more useful as context, not a definitive answer.
“A nearby sale isn't automatically a useful comparison. Similarity matters.”
2,000 sq ft doesn't describe the whole property.
Two homes can share the same headline number and still be very different places to live. Size is a starting point. How that space is arranged, maintained and used is part of the evidence too.
“Square footage tells us something. It doesn't tell us everything.”
HOME 01 · 2,000 SQ FT
HOME 02 · 2,000 SQ FT
01Efficient, well-connected rooms
LAYOUT02Awkward room distribution
01Well maintained throughout
CONDITION02Deferred maintenance
01Usable outdoor space
LOT02Less functional outdoor space
01Good built-in storage
STORAGE02Limited storage
01Updated major areas
IMPROVEMENTS02Older major finishes
01Works well for daily living
FUNCTIONALITY02Compromises in everyday use
The point isn't that one feature automatically adds a fixed amount of value. The point is that apparently similar headline specifications can hide meaningful differences, and an evaluation should account for them.
Cost and added value are not the same number.
WHAT WAS SPENT
Receipts
A documented record. Receipts show what the work cost the homeowner.
WHAT THE MARKET CONTEXT MAY SUPPORT
A separate question, answered with evidence.
It may be more, less or close to the cost. The answer depends on the property and its market, not on the receipt.
A FAMILIAR SCENARIO
A homeowner spends substantially on a new kitchen, a bathroom, landscaping or a very personal renovation, then assumes the entire cost should simply be added to the property's previous value.
Property evaluation doesn't work that way. Spending is real and documented. Its contribution to value has to be supported by how buyers in that market respond to similar homes.
01
Quality of the work
Materials and workmanship affect how the result is perceived.
02
Condition before the work
Fixing a problem and upgrading something already sound are different.
03
Local buyer expectations
What buyers expect at that price point and location matters.
04
How common the feature is
A feature most nearby homes already have may be expected, not distinctive.
05
Broadly useful or highly personal
Choices made for one household's taste may not appeal widely.
06
How recently it was completed
Older improvements age, and expectations move on.
EVIDENCE STRENGTH
Limited
evidence
Mixed
evidence
Clearer
evidence
More recent, more similar and more consistent evidence generally allows a narrower, more confident view. Less of it calls for a wider range and more explanation.
Some properties produce cleaner evidence than others.
An evaluation becomes less straightforward when useful comparisons are limited or the property is unusual. That isn't a failure. It's information you should have.
FEW RECENT COMPARABLE SALES
There may simply be less current evidence available.
EXTENSIVE OR UNUSUAL RENOVATIONS
The property may differ significantly from nearby homes.
UNCOMMON LAYOUT OR PROPERTY TYPE
Direct comparisons can become harder to find.
RAPIDLY CHANGING LOCAL CONDITIONS
Older information may describe a different market context.
MIXED PROPERTY CHARACTERISTICS
One comparison may match the size while another better matches condition or lot characteristics.
LIVISTECH doesn't hide these limitations behind false precision. When the evidence is thinner, we say so, and we show you what it does and doesn't tell us.
“Clearer evidence supports greater confidence. Limited evidence deserves more context.”
A listing price tells you what someone is asking. It doesn't tell you why.
An asking price is a decision someone made. Evidence about value is something you can examine.
“I need to choose an asking price.”
Better understand the property first, then decide how to position it with the evidence in view.
THE EVIDENCE
- PROPERTY DETAILS
- COMPARABLE SALES
- CONDITION
- LOCATION CONTEXT
- RECENCY
- CURRENT COMPETITION
“I need to decide whether that asking price makes sense.”
Look beyond the listing presentation and compare the asking price with property and market context.
An evaluation provides context for a decision. It doesn't pretend to dictate the exact price a property will ultimately sell for.
The number should be the end of the explanation, not the beginning.
Property details + relevant comparisons + local context + market information = a more useful understanding of value.
PROPERTY DETAILS
We establish the relevant characteristics of the property itself.
COMPARISON CHECK
We look at which properties provide meaningful context rather than simply choosing what is nearby.
LOCAL + MARKET CONTEXT
We organize location, recency and available market information around those comparisons.
CLEARER OVERVIEW
The information is brought together so the estimated value or range has understandable support around it.
Understand your property with more context.
Start with the details. We'll organize the comparisons and context so the number arrives with its reasoning attached.
LIVISTECH COMPANY FIGURES
8 YEARS
in residential property analysis
18,000+
property evaluations completed
40+
property characteristics considered across our evaluation framework
50-STATE
residential coverage
LIVISTECH
See what supports the number.
CONTACTS
(866) 352-3308
Livis Tech is a brand operated by Sigma Hop LLC.