AVM stands for Automated Valuation Model. It’s a technology-driven method that analyzes various public records and historical sales data to estimate a property’s value.

Generally, AVMs, especially those on a national level, may not accurately reflect the true value of a home due to their significant error margin. These models rely on automated calculations from public data and often miss out on the specific characteristics and local market conditions that can impact a home’s actual worth.

To obtain a more precise valuation of your home, we recommend requesting a Comparative Market Analysis (CMA) from our team. Our personalized CMA provides a comprehensive overview of market movements, competitive listings, and recent sales in your locality, offering a clearer picture of your property’s value.

A Comparative Market Analysis, or CMA, is a custom report prepared by our experienced agents. It involves a detailed comparison of your home with similar properties in your area that are either on the market or have been sold recently. This analysis takes into account various factors such as market trends, location, and unique features of your home like its condition and amenities. This tailored approach enables our agents to provide you with a well-informed estimation of your home’s market value.