There are many ways to value a home (appraisals, AVM's, assessments), but how will a homeowner know which method will determine the true value of their property? Many factors influence home values and these factors differ between properties - a combination of methods may be put together to estimate a home's worth. Most importantly - and sometimes the most precise answer regarding home value - is what a buyer is willing to pay in the current real estate market. This may even vary from Buyer A to Buyer B depending on their current need or an emotional connection to a specific home.
Assessments, Appraisals, AVMs, Market Value and Sale Price...Why No One Knows the True Value of a Home - outlines each approach to value and helps answer some questions as to "what is my home worth".
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