Why is an AVM used?

Advantages to using an AVM include:

  • Inexpensive when compared to appraisals which can cost in excess of $200
  • Time savings: AVMs are generated instantly and in real time therefore significantly decreasing the application cycle time
  • Cost effective: AVMs performed during the front end minimize needless administration expenses
  • Optimize the use of appraisals: AVMs can flag potential risks and help to determine the extent of further due diligence
  • Convenience: AVMs are accessible through the web and are displayed quickly and often available 24 hours a day. Stored configurations and simple design allow for rapid display of results in one convenient report
  • AVMs are objective: No opinion or exceptions are possible. Valuations cannot be swayed or influenced by emotions or personal prejudices
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