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Looking for answers or clarification regarding Automated Valuation Models (AVMs)? Following are frequently asked questions of NAR that will help you learn more about AVMs and educate prospective homebuyers.
• “What data is used to develop an AVM?” • "My seller viewed an AVM online that shows a higher property value than my comparative market analysis. How do I explain the difference?” • "How is an AVM different from an appraisal?"
Looking for answers or clarification regarding Automated Valuation Models (AVMs)? Following are frequently asked questions of NAR that will help you learn more about AVMs and educate prospective homebuyers.
• “What data is used to develop an AVM?” • "My seller viewed an AVM online that shows a higher property value than my comparative market analysis. How do I explain the difference?” • "How is an AVM different from an appraisal?"