In this episode of Get Real with Eddie, we take a closer look at Automated Valuation Models (AVMs) and why the online estimate of your home's value may not be the same as what your property is actually worth.

Zillow, Realtor.com, Redfin, and other websites use automated valuation models to estimate home values. But these models rely on available data and algorithms — and there are many things they may not fully understand about your specific property.

We discuss 10 things an AVM may not know about your home, including:

• The condition of your home • Updates and remodeling • Deferred maintenance • Exact location • Neighborhood differences • Lot size and lot characteristics • Outbuildings and additional garages • Floor plans and bedroom differences • Special features and improvements • Current local market conditions • The human element when a buyer walks through a home • Property taxes and the actual cost of owning the home

An online home value can be a useful starting point, but understanding the real value of a property requires looking beyond a computer-generated number.

If you're thinking about selling your home, buying a home, or simply wondering what your property is really worth, this episode of Get Real with Eddie is for you.

Get more real estate information at GetRealWithEddie.com.

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00:00 Why Your Home Isn’t Worth What an Automated Value Model Says 00:23 What Is an AVM? 01:27 Why Different AVMs Give Different Values 03:11 Condition & Maintenance 04:11 Updates & Improvements 05:27 Exact Location 07:07 Lot Size & Property Features 12:47 Floor Plan & Home Layout 13:25 Special Features & Improvements 14:50 What’s Happening in the Local Market 15:20 The Human Element 16:48 Property Taxes & Monthly Payments 17:50 Thoughts on Online Home Values