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AVM - (AUTOMATED VALUATION MODEL) An AVM (Automated Valuation Model) is a computer software program that analyzes data using an automated process. AVMs may use regression, adaptive estimation, neural network, expert reasoning, and artificial intelligence programs. The source information of the output is taken from County Records, local Multiple Listing Service and other sources deemed necessary. An AVM’s output is not, by itself, an appraisal and communication of the output, in itself, not an appraisal report. An AVM output should not be used, in whole or part, to replace a real estate appraisal in determining the value of a property.
Accurate Appraisals & Consulting of AZ can provide an AVM Report as a starting point in determining the value of a subject property. Active research is used in determining the output, not an automated process, therefore producing an Accurate Valuation Model for buyers, sellers, investors, and individual property owners.
AACAZ Accurate Appraisals & Consulting of AZ Ph: 602-717-4268 Fax: 520-233-2880 Email: davidhintz@aacaz.com |
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