How to Estimate Your Home's Value

Real Estate Broker/Owner with Charles Stallions Real Estate Services


In this article: 


While I’ve found that online algorithms, known as Automated Valuation Models (AVMs), have undervalued the home I own, many have found the complete opposite: These AVMs yield higher home values than a real estate agent provides upon an appraisal for a possible sale.


Now, if a computer tells you that your home should be priced at $250,000, but your real estate agent tells you that there’s simply no way that it could sell above $225,000 based on market comparables in the neighborhood, who are you most likely to listen to? It’s oh so tempting to go with the computer’s opinion. 


After all, aren’t computers objective? How could their calculations possibly be wrong? 


DIY Price Evaluation

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Comments (5)

Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:


Good information, thanks for the share. Have a great weekend. Bill 

May 13, 2023 06:08 AM
Leanne Smith
Dirt Road Real Estate - Golden Valley, AZ
The Grit and Gratitude Agent

Unfortunately especially in rural areas, those numbers offered by automation do not compare apples to apples. Also if the information in the MLS is in error, then the valuation is also in error. As it has been said before "garbage in, garbage out."

May 13, 2023 07:16 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Charles  and thank you for sharing this great information with us here in the Rain.  Make it a great day!

May 13, 2023 08:24 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent information.Thank you for sharing. Have a wonderful day and a blessed weekend.

May 14, 2023 03:34 AM
Richard Weeks
Dallas, TX
REALTOR®, Broker
Great information, thanks for sharing.  I hope you have a great day.
May 14, 2023 04:06 AM