FIND OUT HOW MUCH YOUR PALM SPRINGS HOME IS WORTH IN 2024
Just start typing in your address and the system will find your home
For most properties, you will see 2 or 3 different values. That’s because this report uses an algorithm called an Automated Valuation Model (AVM). Scroll down to learn the difference between an AVM and a CMA.
Give the report a minute to load - it’s pulling a lot of data.
YOU HAVE NOT SEEN A REPORT LIKE THIS ONE BEFORE
Automated Valuation Model (AVM)
This website and others use an Automated Valuation Model (AVM) to estimate home values of residential Real Estate.
The AVM uses public data such as size and age of the home, location, room count, lot size and recent sales in order to come up with a price.
AVMs are not aware of whether you have recently updated your home or if it has other desirable amenities and features like a view or pool. AVMs also do not know whether homes have deferred maintenance or if any of the comparable sales were distressed or not “arm’s length”.
Comparable Market Analysis (CMA)
A Comparable Market Analysis (CMA) most often refers to the “comps” that agents provide to help sellers determine a home’s value. Unlike the AVM, the CMA uses manual input and presumably the agent actually has some local knowledge and is familiar with the homes. In other words, the human input smooths out the inconsistencies of the AVM.
Please note - that there are many software programs these days that are hybrids between the AVM and CMA yet agents present the results as if it was the old fashioned custom crafted CMA.
If you are looking for something more precise than the AVM offered above, use the form below to contact me for a hand crafted evaluation. Free, no obligation.
MARKET REPORTS
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EXAMPLE MARKET REPORTS
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