Commonly asked questions about automated valuation models

An Automated Valuation Model, or more commonly known as an AVM, is a program that automatically analyzes various data points to produce an estimate on the current value of a home or property. An AVM includes:

  • Property identifying information including address and/or assessor’s parcel number and owner name
  • Prior sales of the property
  • Living area/square footage
  • Year built
  • Number of bedrooms and bathrooms
  • Lot size
  • Public record information collected from state and county records, such as deed transfers
  • Recent sales and listing of similar properties in the local market area
  • Area pricing trends

I recently sat down with Chuck Mureddu, SVP, Chief Valuation and Compliance Officer, for a Q&A about what you can expect when using an AVM.


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