What is an automated valuation model (AVM)?
An AVM is a statistically based computer program that
uses current real estate market data, such as recent comparable sales, property
characteristics and price trends to provide an estimate of market value for a
What is a comparative market analysis (CMA)?
A CMA is a custom valuation report of your home created by
one of our experienced agents. The
report considers important factors such as the property’s location, age, size,
construction style, condition, and other factors to determine the accurate
value of your home. As its name indicates, it also compares your home
against similar homes in the area that have recently sold and evaluates demand
based on current market conditions and further refines the valuation based on these