FAQs: What is the Automated Valuation Method vs. a Comparative Market Analysis?

📣 AVM can determine a property's value using statistical modeling and databases of existing properties and transactions. Most AVMs examine pairs of property characteristics and compare their values. Instead of factoring in the REALTOR®’s expertise, AVMs use strictly mathematical models to arrive at a home value assessment. 🏡 CMAs (professional valuations) are compiled by real estate agents and brokers. A CMA is an estimate of the value of a home based on the prices of previously sold homes comparable to the subject property and current competition, which assists in establishing a competitive list price for sellers and helps buyers determine how much to offer. ✅

🎯 The Automated Valuation Model (AVM) vs. a Comparative Market Analysis (CMA)

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