AVMs or Appraisals?

  • An AVMs primary advantage over a traditional appraisal is that it saves both time and money.
  • An AVM is unbiased versus human bias which can occur with an appraisal – an AVM cannot commit fraud or make mistakes with calculations.
  • An AVM does not replace a full appraisal since an appraisal, unlike an AVM, does take into account the external and internal condition of the property.
  • Depending on the situation, an AVM can be used to replace, supplement and/or audit the traditional appraisal process
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