Automated Home Values vs. Fair Market Value vs. Appraisals.
Emilio discusses the difference between estimated home values, fair market values, and appraisals, and why you may receive varied returns based on these algorithms.
Factors That Can Determine a Fair Market Value
These numbers can be vastly different depending on different factors. Automated systems are not very reliable for this reason. Some of these factors are listed below.
- Home Renovations
- And much more…
Due to this discrepancy, Emilio recommends getting the fair market value of a property if you want the most accurate estimate. He goes into more detail on this topic in the video, so be sure to watch!