Home Value Estimates

Home Selling Process

Have you ever wondered how much your home is worth? RE/MAX™ can tell you. The journey to selling your home starts with establishing the right asking price. You can enter your address above and see the Automated Valuation Model (AVM) for your home.

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What Is An AVM?

An Automated Valuation Model or AVM is a computer-generated algorithm used by real estate agents to estimate the value of a home. It uses public sales data and trends to estimate the overall value of the home.

Are AVMs Accurate?

When placing homes for sale, AVMs can be excellent tools. However, it’s wise to take AVM information with a grain of salt. AVMs use public records to make their estimates, so they may or may not represent the true value of the home in question. Unfortunately, they are not capable of taking into account the nuances of the local market so they may not be accurate.

What Is An AVM?

An Automated Valuation Model or AVM is a computer-generated algorithm used by real estate agents to estimate the value of a home. It uses public sales data and trends to estimate the overall value of the home.

Are AVMs Accurate?

When placing homes for sale, AVMs can be excellent tools. However, it’s wise to take AVM information with a grain of salt. AVMs use public records to make their estimates, so they may or may not represent the true value of the home in question. Unfortunately, they are not capable of taking into account the nuances of the local market so they may not be accurate.

How Can I Get a More Accurate Estimate?

To get the most accurate estimate, you’ll need to contact us to request a Comparable Market Analysis, or CMA. This report is compiled by one of our experienced real estate agents and compares your home to similar properties in your area that are up for sale or have recently been sold. A CMA will give you a better idea of your home’s value because it takes into account the home’s condition, amenities, and the local market. These reports are personally prepared by a RE/MAX™ agent and come at no cost to you.

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