A property valuation tool offered by Century 21, this resource provides an estimate of a home’s potential market worth. Employing algorithms and data analysis, it considers factors such as location, size, recent sales of comparable properties, and current market trends to generate an estimated value. For example, a homeowner considering selling their residence could input their address and property details to receive an initial approximation of its worth.
Access to a preliminary property value assessment can be beneficial for both buyers and sellers. For sellers, it offers a starting point for pricing strategies and helps gauge market interest. For buyers, it aids in determining whether a property is reasonably priced and aligns with their budget. The concept of automated valuation models has evolved significantly, becoming increasingly sophisticated in incorporating diverse data points to refine accuracy. This advancement reflects the growing reliance on data-driven insights in real estate transactions.
