What is an AVM?
AVM is short for Automated Valuation Model. an AVM is a software solution providing mathematical modelling combined with a database or multiple database layers to produce an estimate of market value based on market analysis of but may not be limited to:
Location, market conditions & real estate characteristics from information previously and separately collected.
The distinguishing feature of an AVM is that it is a market appraisal produced through mathematical modeling. Credibility of an AVM is dependent on the data used and the skills of the modeler producing the AVM.