Your Dream Home's True Worth Revealed Online Instantly
How Online Valuation Tools Work
Online home valuation tools, often referred to as Automated Valuation Models (AVMs), use algorithms to calculate a property's value based on a variety of factors. These include location, size, age, and the condition of the property, alongside recent sales of comparable homes in the area. By leveraging big data and machine learning, AVMs provide a quick and accessible estimate that can be a helpful starting point for homeowners1.