$$ What’s My Home Worth? $$
Use the RealPro Automated Valuation Model (AVM) tool to get an estimate of your properties current value.
What is an AVM and how does it work?
Automated Valuation Model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modeling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties.
Appraisers, investment professionals and lending institutions use AVM technology in their analysis of residential property. The product of an automated valuation technology comes from analysis of public records data and computer decision logic combined to provide a calculated estimate of a probable selling price of a residential property. An AVM generally uses a combination of two types of evaluation, a hedonic model and a repeat sales index. The results of each are weighted, analyzed and then reported as a final estimate of value based on a requested date.
*Note: A value obtained using an AVM should only be used as an estimate of your properties current value. Consult with a professional Realtor or a licensed appraiser when considering the sale and or transfer of any property.*