Determining Your Home’s Value
Setting the most competitive listing price is crucial to the home selling process. Enter an address below and see the Automated Valuation Model (AVM) estimates for your home. The AVM provides a starting point but can lack accuracy depending on a number of factors.
Frequently Asked Questions
What is an AVM?
An AVM is a computer-generated algorithm that uses public, historic sales data and trends to estimate a home’s value.
Is the AVM Accurate?
National AVMs are generally not a good representation of a home’s value and may generate a value that is higher or lower than the actual market value of your home. The values generated by AVMs may not represent the true value of the home as they cannot take into account the nuances of the local Lynchburg market.
How Do I Get a More Accurate Estimate?
For a more accurate estimate tailored to the Lynchburg Housing Market, contact me to request a free Comparative Market Analysis (CMA). This customized report will provide you with an appropriate valuation of your home.
What is a Comparative Market Analysis (CMA)?
A CMA report compares your home to similar properties in your neighborhood and nearby area that are currently for sale or have recently been sold. CMAs take into account several comparison factors of each property when determining your home value, including but not limited to the following:
- The location and neighborhood
- The condition
- The age
- The square footage and acreage
- The number of bedrooms and bathrooms
- Any upgrades or amenities
- Any interior finishes that might add or subtract value from each property
If you would like to request a free CMA of your property, please do not hesitate to contact me!