Blog

Overcoming The Misconception about AVM!

(Published on - 3/13/2018 7:33:29 AM)

 

Helping our Clients Overcome the Misconception about AVM!

By Doris Salinas-Sanchez/Broker-Owner 

Sanchez Salinas & Associates, LLC DBA

Realty Executives of Eagle Pass

Realty Executives Del Rio

Well, first of all what is AVM ( 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. 

 

Now days many sellers search home values online to compare their homes and arrive at a sales price they feel might be fair for their property based on these websites. 

 

What sellers need to know is that an experienced local broker or agent is a much better resource for accurate market data than this third party websites that offer an estimate of value or a so called "zestimate" since these website do not take into account some many other important factors. It is not only comparing  the size of square footage and age of your home that will assist in arriving at a current market value or suggest a list price of your home. 

 

It is important that you consider the opinion and free consultation of a local agent that will provide you with a detailed CMA (Comparative Market analysis)

if you are thinking about selling your home soon, no website would know the market better than a local experienced agent. 

 

We at Realty Executives of Eagle Pass and Realty Executives Del Rio, are here to assist you and we are glad to offer you a free consultation and market analysis of your home.

 

Please feel free to contact us at any time to schedule an appointment.

Thanks for reading. Many blessings.  Doris

 

830-758-1034 Eagle Pass Office

830-215-1515 Del Rio Branch

 

 

 

 

;