10 Dec 2020

Homes.co.nz defends letting real estate agents set value

From Morning Report, 6:19 am on 10 December 2020

A property website that allows real estate agents to change so-called "market estimates" is defending the practice, saying it's about ensuring buyers have the most information possible.

The chief data scientist for Homes.co.nz, Tom Lintern, told our reporter Ruth Hill that including valuations or appraisals provided by homeowners and real estate agents often produces a more accurate estimate of a property's market value.