What is an AVM?

An Automated Valuation Model (AVMs) is a mathematically based computer program that produces an estimate of market value of a residential property based on analysis of public record data, property location, market conditions and real estate characteristics at a specified date.

Typically, the street address of the subject property is entered as input into the AVM system. The system in turn identifies the property, checks its location, size and other key features and searches its systems database for the best set of comparables or indices to generate a value for the subject property.

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