What is AVM and how it is calculated.

In real estate, AVM stands for Automated Valuation Model. It is a technology-driven tool that uses mathematical algorithms, statistical methods, and data from various property transactions to estimate the value of a property. AVMs analyze factors like the property’s location, size, condition, and sale prices of similar properties to generate a real-time estimate of its market value. These models are often used by lenders, real estate agents, and investors to quickly assess property values without the need for a formal appraisal

How does PropertyScout.io provide their AVM in their reports. PropertyScout.io relies on its data vendors to provide the most accurate and up to date data through an algorithm that correlates multiple accepted AVM models to create a statistically accurate AVM value.

High confidence in the statistical model is also achieved by considering a minimum number of similar properties in the valuation.

When data is available, users may be able to obtain the following data fields when researching a property in our platform