Understanding The Computer Generated Home Value

Dated: 07/12/2014

Views: 1639

It is important to understand the most used valuation system in getting home values from the internet which is known as AVM (Automated Valuation Models); these values come from taking your basic criteria mainly Beds/Baths/and sometimes square footage for a zip code to come up with a value!

This can be a great system for getting an idea of what your home may be worth but to get the true value of your home it is a good idea to call a Realtor® so that they can take all the criteria and amenities your individual house has to offer to be able to compute an accurate value by using information from our local Multiple Listing Service and public records.
So if you are thinking of selling your home and you get a computer generated value that doesn't really fit with what you feel the value of your home is, it would be best for you to get a CMA (comparative market analysis) from a local Realtor® so that you can have accurate information for the pricing of your home.  
If you are interested in getting a free Home Evaluation from a Realtor® feel free to call one of our Agents; we will be happy to provide that service to you! We serve the upstate of SC to include  the counties of Anderson, Greenville, Pickens and Oconee!
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Carolann Newton

I was a domestic paralegal for 8 years prior to Real Estate. Since I have been in Real Estate I have grown to love this business, even though it does have it's challenges; it is very exciting. There i....

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