The Hetman Home Team
https://www.homesinjacksonvillefl.com/blog/the-difference-between-automated-valuation-models-and-real-estate-professional-pricing-opinions-which-one-is-right-for-you


The Difference Between Automated Valuation Models and Real Estate Professional Pricing Opinions: Which One is Right for You?

Posted By: Rosie Hetman-Clemente In: House Value
Date: Wed, Feb 15th 2023 1:33 pm



Determining the value of your home is a crucial step when it comes to selling or refinancing your property. There are many tools available to help you estimate your home's value, but it's important to understand the difference between Automated Valuation Models (AVMs) and Real Estate Professional Pricing Opinions (PPOs).

An AVM is a computer-generated estimate of your home's value based on mathematical algorithms and public records. It's commonly used by websites like Zillow or Redfin to provide a quick estimate of your home's worth. However, an AVM doesn't take into account the unique features of your home or the current market conditions in your area. As a result, the estimate provided by an AVM may not be entirely accurate and may vary significantly from a real estate professional's valuation.

On the other hand, a PPO is a valuation performed by a licensed real estate agent or appraiser. This type of valuation considers a range of factors that affect your home's value, including its location, size, condition, recent improvements, and current market trends. A PPO provides a much more accurate estimate of your home's value, backed by the expertise and experience of a real estate professional.

So, which option is the best for you? It ultimately depends on your needs and goals. If you're simply curious about your home's worth and don't need an exact figure, an AVM might be sufficient. However, if you're considering selling or refinancing your property, a PPO is a much better option, as it provides a more accurate estimate of your home's value.

A real estate professional can help you get the most accurate valuation of your property. During the process, the agent will visit your property, assess its unique features, and compare it to other similar properties in your area to determine the most accurate value. This in-person approach ensures that the valuation takes into account all the unique characteristics of your home.

If you're interested in a more accurate valuation of your property, a licensed real estate agent can provide you with a PPO. The agent will help you understand the current market trends, recent sales of similar properties in your area, and factors that could impact the value of your home. Additionally, a real estate agent can help you price your home correctly to ensure you get the best possible price in the current market.

In conclusion, an AVM can provide a quick estimate of your home's value, but it doesn't take into account the unique features of your home or the current market conditions in your area. If you're considering selling or refinancing your property, a PPO provided by a licensed real estate agent is the best option to get an accurate valuation. So, if you're interested in getting a comprehensive valuation of your home, feel free to contact a licensed real estate agent to schedule an appointment.


If you're looking for a professional here in NE Florida, look no further and contact me today.