What is an AVM and what information does it provide?
An AVM, or automated valuation model, is a product used by lending institutions and investors to quickly determine residential property values. By simply entering a property address, an AVM report is generated within 30 seconds and provides a current value estimate for the property based on sales in the neighborhood and other factors. Some AVMs provide a primary value estimate as well as high and low estimates, confidence scores, recent neighborhood sales, and mapping.
