Our ultimate goal in purchasing your house is to revitalize it and put it back on the market. We need to give you a fair offer while balancing our expected return, so our first step is assessing the property value in a fully rehabbed, move-in ready state. Years of real estate experience give us a knack for this, but it really comes down to the current market. We note the selling prices of homes similar to yours and in your area against the backdrop of current trends. While there are numerous algorithmic tools available these days providing value estimates, they vary in accuracy; we never rely on software alone. Rather, we estimate values using as many real-world tools to predict our chances of reselling it in a certain price range.