Orangebookvalue.com - Used Vehicle Pricing Calculator
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PROPERTY VALUATION CHECK FAIR MARKET PRICE OF ANY PROPERTY IN 10 SECONDS FOR FREE

Property Valuation Online

If you are planning to purchase a house or you already own a house, it is evident that you calculate the Fair Market Value of the real estate or know FMV of the house. Fair Market Value is the value of assets depending on the sales price by considering the price of the free market. Now, with the help of Orange Book Value (OBV) which is an algorithmic pricing engine for property valuation it becomes easy to find the fair market price of any property within just 10 seconds.

Why is property valuation important?

Property valuation at any given point of time is essential for a seller to evaluate whether you have quoted the right price the right quote of your property, or even for a buyer to evaluate your affordability. Property valuation is not only for buy and sell a property. Different other factors related to home such as refinance, annual property taxes, insurance premiums and home equity can also be evaluated from property valuation.

Estimate real estate value is important for various reasons such as sales listing, financing, taxation, and property insurance. Depending on the location, kind of property, size, and the type of certificate you need, the property resale value might differ. The proper valuation services are generally tax-deductible. Even if it is not so, the cost is too less compared to what you get from the established fair price of a property.

How to use property value calculator for calculating home valuation??

Online property valuation is based on algorithmic mechanism, which helps to evaluate property worth. They do not need to visit each and every property physically, they work through comparative data to produce the estimate. They have a large database and exclusive methods to analyze and compare the data. The data used for the comparison includes the insights from the estate agents, the value of the earlier transactions, and the asking prices for the sale of properties in that area.

As a representative of the online valuation website does not visit the property like a real estate agent, he may not have complete information regarding the property’s condition. However, with requisite manpower, they also try to compare the database with the physical condition in case of high-value properties. The valuations are close that will be offered through an internal inspection.

What are the reasons for using the real estate calculator??

There are multiple reasons why using a real estate or house value calculator may be useful if you want to sell or buy a property. If you are a buyer, you will use real estate calculator to check whether the seller has quoted the fair value or not. Moreover, you can find out the valuation without hiring real estate agents or spending a lot of time to research the value.

If you want to sell your property, you might get an estimate of the house value without the need for a house estate agent. In case you feel like your property has been undervalued, you can always refer to an online valuation tool and can also fight for you with proof. The online valuation tool might be a second opinion when you invite any real estate agent to view the property. You can check whether the valuations agree.

Other than buying and selling, an online property valuation tool has other benefits as well. Suppose you have a property, and you want to invest on it to improve it. With the help of valuation tool, you will be able to understand the current value of the property. You will be able to evaluate whether investing on it further will increase its valuation or not. You will be able to understand whether you can sell or rent the property in future or not.


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What Is OBV?

Orange Book Value is a platform that helps in determining the fair market price of used vehicles. It is basically an algorithmic pricing engine that suggests market value of used cars, used bikes and used scooters. Questions like what is the value of my used car or used bike come to our mind when we decide to sell it off. However, we do not get to understand the proper valuation of our vehicles.

In order to come up with a proper used car valuation or used bike valuation, Orange Book Value uses real time data science to value depreciation of automobiles. It helps the sellers put a fair price in front of the buyer, and for the buyers, it helps them get a product that serves great value for their money. This is a service by droom, which was founded by Sandeep Aggarwal.

Why OBV?

Orange Book Value works as an independent value calculator for cars, bikes and scooters that determines second-hand vehicle prices. It uses Droom's proprietary technology and data science to come up with fair market price of used cars, bikes and scooters, and utilises scientific data to get the exact value for the vehicle. The primary objective of this used-vehicle price guide is to get the fair market price for second-hand vehicles.

Another reason for using Orange Book Value is its unbiased results that help in obtaining reliable data on used-vehicle pricing. Also, it is the kind of valuation tool for used scooters, bikes and cars that calculates the data on real-time basis with a scientific method of suggesting their current market value.

How Does It Work?

To get the fair market price of your used vehicle, you need to follow just four simple steps. At first, you need to select the purpose, that means whether you want to buy or sell the vehicle. After that you need to select the category of used vehicle, which is whether you have a used car, bike or scooter. The next step is selecting the parameters such as make, model, year, trim, etc., of the product for which you need to get the correct market valuation. The market value of your used bike, car or scooter will highly depend on the condition of the vehicle and the kms driven. After that, you will get the exact valuation of your vehicle through Orange Book Value.

Benefits Of OBV

Orange Book Value helps buyers to understand the fair value of a used car, bike or scooter. This way, the buyer will not have to guess the price of a used car or bike and can be satisfied with price that he/she is paying for the product. For sellers, it helps in determining the best market value for their used vehicle. This valuation tool for used cars and bikes creates a transparency in the overall process. This is a pricing guide for used cars, used bikes and used scooters that helps in quick selling of second-hand vehicles. For banks and NBFCs, it helps in getting the fair pricing of used vehicles that further enhances the process of loan approvals. For insurance companies as well, the real-time data obtained through scientific calculation helps in obtaining the current valuation of the second-hand cars, bikes and scooters.

OBV Methodology

Being the most advanced algorithmic and data science-based value calculator, Orange Book Value is the most accurate valuation tool for used cars, bike and scooters in India. Unlike other pricing engines, Orange Book Value utilises Droom's proprietary data science methodologies and latest technologies to get the correct pricing of used cars, bikes and scooters depending upon various factors that lead to value depreciation such as make, model, trim, data for kms driven that is obtained through odometer reading, current condition of the vehicle that includes wear and tear, dents, major repair works, etc. A vehicle that is well-maintained and kept in good shape gets to score more in the OBV methodology and gets a better market value.

Appropriate Condition

Orange Book Value calculates the valuation of a used car, bike or scooter according to different parameters that cause value depreciation of second-hand vehicles. When pricing engine comes up with a particular result based on the make, year of manufacture, trim of the vehicle, odometer reading that decides the total number of kms driven and the physical and mechanical condition of the vehicle, the used cars and bikes are rated on its basis. These ratings include Excellent, Very Good, Good and Fair. While Excellent and Very Good signify a healthy used car, Good and Fair indicate that it has problem with some of the parts and needs special attention and repairing.

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