Unfortunately, this often results in the home being priced above its market value. If the home is overpriced, it sits for months without being sold. Meanwhile, quality offers are turned down because they are viewed as too low. After many months, the owner becomes angry with the agent for not selling the home and fires him or her. And since the homeowner may believe the problem is the agent and not the valuation, the whole process may repeat itself.
Buyers have a similar problem.
Once again, the real estate agent is looked to for the valuation opinion. The real estate agent wants to sell the property as quickly as possible and is therefore going to try to convince the buyer of the validity of the owner's asking price in order to get the commission. Obviously, both the buyer and the seller have a substantial monetary reason to find a convenient, inexpensive means to avoid such losses. A drivebye or quality AVM provides accurate comparable and pricing information. It is the most convenient and unbiased way to get a property valuation.