Every property that is listed on Vesta Equity’s marketplace is subject to a formal appraisal in order to certify the property’s value. This information is validated and helps to substantiate data-driven market valuations. At this point, the property value will be the appraisal value. Once listed though, property market data that can be updated more regularly will complement the appraisal value. If new appraisals are subsequently conducted, the new appraisal value will then be used to represent the property value. Vesta Equity uses both the appraisal value and property market data value to provide the most accurate financial representation of the property at any given time.
When browsing through listings on the marketplace you might see similar listings to those in a search or on a listing page itself. These are listings that share some of the same characteristics but are not recommended listings by Vesta Equity. This marketplace tool assists with searching but is not intended to advise investors or property owners with decisions they can make on the marketplace. Vesta Equity treats all listings equally and has no services to either promote listings or solicit investors.
Each listing can be bookmarked by toggling the bookmark icon and bookmarks can be accessed from the marketplace panel on the dashboard. Even very similar properties can vary greatly in their features but one commonality is the dollar per square foot metric which is shown prominently on each listing. During offers, this metric is recalculated using the offer parameters to easily show whether the dollars per square foot is higher or lower than the listing or other offers on the listing.
Vesta Equity provides a tool for property owners to manage their equity sale. We will never remove a listing unless it voids our terms of service and will leave it at the property owner’s discretion on when to remove it.