call now (424) 231-5933

Automated Valuation Model

Automated Valuation Model

This term (AVM) refers to a technology-driven service, used by appraisers and Wall Street, designed to value properties via mathematical modeling. Most automated valuation models (AVMs) compare the current values of similar properties. The AVM reports are inexpensive to produce and are quickly available to agents and lenders, but in arriving at a property’s value, they do not consider the condition of the property.