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AVMs or Appraisals?

  • An AVM’s primary advantage over a traditional appraisal is that it saves both time and money
  • An AVM is unbiased versus the 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 supplement and/or audit the traditional appraisal process
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