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FazWaz AVM Accuracy
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 43% | $315,000 MXN | 21 |
| Chiang Mai | 25% | $103,000 MXN | 113 |
| Phuket | 5% | $102,000 MXN | 197 |
| Hua Hin | 54% | $131,000 MXN | 114 |
| Koh Samui | 45% | $226,000 MXN | 67 |
| Pattaya | 30% | $102,000 MXN | 93 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Phuket | 9% | $133,000 MXN | 5 |
| Pattaya | 3% | $4,420 MXN | 10 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 3% | $23,900 MXN | 2102 |
| Chiang Mai | 2% | $29,100 MXN | 169 |
| Phuket | 1% | $7,640 MXN | 875 |
| Hua Hin | 13% | $30,400 MXN | 72 |
| Koh Samui | 4% | $29,600 MXN | 39 |
| Pattaya | 3% | $8,810 MXN | 1209 |
| Province | Median Error in % | Median Error Amount | Scoring Sample Size |
|---|---|---|---|
| Bangkok | 5% | $85,100 MXN | 19 |
| Chiang Mai | 1% | $18,400 MXN | 18 |
| Phuket | 2% | $30,600 MXN | 12 |
| Hua Hin | 167% | $80,100 MXN | 3 |
| Koh Samui | 9% | $60,700 MXN | 5 |
| Pattaya | 63% | $121,000 MXN | 5 |
Last updated: December 2024
How we calculate the home valuation
One of the most accurate online valuation tool
FazWaz.com.mx Estimate is one of the most accurate among leading automated home-value tools. We provide the most accurate value of a home for sale—more than twice as likely to be within 5% of the home's selling price as other top online home-value estimators. Like other estimates, this is not a formal appraisal or substitute for the in-person expertise of a real estate agent or professional appraiser.
Based on the most up-to-date data available
Our property valuation model estimates of a home's market value based on publicly available and FazWaz.com.mx generated transaction data, taking into account property details, location and current market conditions.
Backed by FazWaz.com.mx Agent expertise
When you're ready for a professional home-value assessment, a FazWaz.com.mx home advisor can evaluate your home in person and give you pricing recommendations based on its unique characteristics. Talk to a FazWaz.com.mx home advisor who specializes in your area for a free consultation.
How to Use the FazWaz.com.mx Estimate
If you're planning to sell, the FazWaz.com.mx Estimate can give you an idea how much you'll get for your home. If you're house hunting, the Estimate can predict the final sale price for listings you're interested in.
Frequently Asked Questions
At FazWaz.com.mx, we strive for accuracy and our valuations are calculated using a complex algorithm which takes into account local market conditions, recently sold prices in your area as well as averages for neighbouring properties that are similar to yours. In fact, our algorithms and statistical models provide figures within 15 per cent of real-time property values.
To ensure the most up-to-date property prices, we regularly review how we calculate valuations by comparing against Land Registry data as it’s released.
To give you the most accurate valuation, we’ll ask you a few questions about your home – for example, how many bedrooms and bathrooms it has, what size the living is, it’s floor or plot size and whether it’s part of a project or gated community.
Don’t worry too much if you’re not sure of some of the details – just bear in mind that it could affect the result. Of course, if you have your heart set on moving, then we recommend booking an in-person valuation with our home advisors who’ll also be able to give you advice on how to maximise your property’s value.
This could arise from the fact that we have mirrored our results off of nearby neighborhoods However, there may also be times when the specifics of your property do not fit into the typical formulae used by our algorithms. Examples could include properties associated with a very large land plot or high-end luxury homes.
You don’t have to be in the mood to move to use our valuation tool – checking out the value of your four walls compared to the local average is a great way to decide whether those home improvements you’ve dreamt about are likely to boost its price tag.
You can also rest assured that using our free, online calculator comes with no obligations whatsoever – so why not satisfy your curiosity and find out how much your home’s worth!
We don’t just offer you a free online property valuation tool, we also offer a whole host of advice when it comes to moving and improving your home.
Whether you’re saving up, want a step-by-step guide to buying your home or are just looking to boost your property’s value – our home hub will guide and inspire, leaving you with plenty of food for thought.