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We calculate our price ratings by comparing the asking price of this listing to what we estimate to be its fair market value also known as Tradus Market Value (TMV). TheTMV is our estimate of a fair trade price based on analysis of comparable current and past sold listings in your market.
This listing is priced high compared to other similar current and previously sold listings in your market. The advertised price of €8 000 is above the Tradus Market Value (a.k.a. TMV) of €6 923. We rate this listing as FAIR PRICE with estimated potential overpayment of €1 077.
The Tradus Market Value is calculated using advanced Artificial Intelligence taking into consideration several hundred attributes related to this listing. The valuation is based on prices and additional information gathered from millions of current and past listings. While no algorithm is perfect, we constantly improve our system and generally achieve valuation accuracy within an average margin of error of less than€1 000.