# What is the Smart Pricing Engine?

Source: https://www.landxchange.com/faq/what-is-smart-pricing
Publisher: LandXchange (landxchange.com)
Coverage: vacant land in South Carolina

Smart Pricing is LandXchange's automated price estimate from recorded comparable sales. It is paused for now while we test comparable-sales data providers. For a value checked by a person, ask for a free land value for your county.

## How does Smart Pricing work?

We pull recorded comparable sales for your exact parcel. An automated AI check scores each one and drops poor matches with a reason. If there are not enough real comparable sales, you get no estimate rather than a guess. Smart Pricing is paused for now.

## What do the three tiers mean?

Cash-fast: roughly 70-80% of market, what an investor would pay today for a 7-14 day close. Market: 95-105% of comp median, the price most owner-occupant buyers will offer. Owner-finance: 110-130% of market, reflecting the buyer paying a premium for seller-carried financing.

## Is Smart Pricing the same as an appraisal?

No. Smart Pricing is informational, useful for setting your asking price and understanding market conditions, but not a substitute for a licensed appraisal. Banks and 1031 exchanges require formal appraisals; we do not provide those.

## Why does my Smart Price differ from Zillow or LandWatch?

Zillow does not value vacant land well, its algorithms are calibrated for homes with comparable square-footage data. LandWatch shows asking prices on competing listings, which often differ from actual sale prices. Smart Pricing uses recorded sale data, not asking-price data.

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LandXchange is a marketplace technology platform, not a real estate broker, law firm, or appraiser. Information here is general, for specific transactions, work with a licensed professional.