Automated Valuation Model (AVM)
Know the estimated value of property in SECONDS!
Estimates the value of a property based on historical data and projection of property values.
- Verifies equity with subject property instantly
- Eliminates the cost of ‘drive-bys’
- Verify sale price and date as well as comparables in the neighborhood
- Cost effective
- Automated appraisal which takes seconds versus a manual appraisal which takes days to complete
- Property description and valuation range reflecting current market activity
- Typically accepted by lenders on refinances or HELOC s (check with your lender)
- Market area price and trend information
- Combines real estate data with property characteristics to generate home value