One of the most generally misinterpreted elements about the Jacksonville housing industry is how the value in your house is calculated. Jacksonville’s home values can be established by using either the industry value or evaluation value method. Many aspects go into each of these methods, but only one is partly pushed by sentiment.
A Relative Market Research or CMA, provided by Agents to Customers and Suppliers, is often more an expression of industry value than the estimated value. Make sure you ask for a CMA before you decide to buy or offer your next Jacksonville home.
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So, can there be a notable change between industry value and estimated value? In a more constant industry, there really should not be a remarkable difference between the two. In a sellers’ industry, you might often see the industry value in your home be higher than the houses’ actual … Read More
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