What is an AVM?
Modified on: Wed, 12 Aug, 2020 at 3:54 PM
Automated Valuation Model (AVM) is a phrase for a service that uses mathematical modeling together with databases of existing properties and purchase history to calculate real estate values. The AVM model executes a comparison between the values of similar properties at a specified point in time. It is widely used across the industry but it can sometimes lead to a different valuation from current market values.
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