Exchange Currency

automated valuation model (AVM)

A system used to appraise a property's value at a certain point in time. The system takes into account such factors as property location, physical characteristics, comparable property sales, historical price movement, and value indicated by the tax assessor when calculating the property value. While the system offers the advantage of decreased turnaround time for obtaining information and reduced costs, there are disadvantages. The system relies on data that is available at the time the valuation is requested which may or may not be up to date. AVM also does not take into account the actual physical condition of the property which may increase or decrease the property's value.

Related information about automated valuation model (AVM):
  1. Automated valuation model - Wikipedia, the free encyclopedia
    Automated valuation model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modelling combined with a ...
     
  2. No More Comp Checks - HVCC Compliant Automated Valuation ...
    Home Value Explorer® (HVE) is a Freddie Mac Automated Valuation Model ( AVM) tool that simplifies the mortgage process by streamlining the collateral ...
     
  3. Automated Valuation Model (AVM) Definition | Investopedia
    A service that uses mathematical modeling to value properties. The majority of automated valuation models (AVMs) compare the values of similar properties at ...
     
  4. AVM provider - accurate - 20+ years experience | CoreLogic
    PASS Prospector meets the growing needs of customers who desire an automated valuation model (AVM) for direct marketing and other large-batch ...
     
  5. Automated Valuation Model (AVM) - Propertyline
    The Automated Valuation Model (AVM) is an accurate "real-time" estimate of market value for residential properties in Ontario. It has been developed using ...
     
  6. Automated Valuation Model (AVM) Dangers
    Banks and Lenders are using automated valuation models instead of appraisals. These valuation models are notoriously inept, and lenders are hiding this info.
     
  7. Standard on Automated Valuation Models (AVMs) - IAAO
    2. INTRODUCTION. 2.1 Definition and Purpose of an AVM. 2.1.1 Definition. An automated valuation model (AVM) is a mathemati- cally based computer software ...
     
  8. Reliable Automated Valuation Model (AVM) Appraisals and ...
    Automated Valuation Model (AVM) appraisals from Credit Plus are fast, cost- effective and reliable. We're among the first to also offer warranted AVMs.