Do Appraisers Use AVM’s?
Yes, Typically To Select Comparables And Base Line A Value. Keep In Mind That Appraisers Also Have A Vested Interest In A Mortgage Loan, Or An Equity Refinance Loan Closing, As They Are Not Paid Until That Time.. Since 1995, The AVM Industry Has Topped The Multi-Billion Dollar Mark And Dramatically Impacted Appraisers. Most Now Offer Both AVM’s, From Various Vendors, As Well As Classical Appraisal Services.
