Who should use it?
- Agents working with investors
- Agents who are investors
- Home Owners looking for a Bargain
- Someone that wants to remodel a home
What is an AVM?
Automated valuation model (AVM) is the name given to a service that can provide real estate property valuations using mathematical modelling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties. Some also take into account previous surveyor valuations, historical house price movements and user inputs (i.e. number of bedrooms, property improvements, etc.).
AVM is short for "automated valuation model". Appraisers, investment professionals and lending institutions use AVM technology in their analysis of residential property. An AVM is a residential valuation report that can be obtained in a matter of seconds. It is a technology driven report. The product of an automated valuation technology comes from analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable selling price of a residential property. An AVM generally uses a combination of two types of evaluation, a hedonic model and a repeat sales index. The results of each are weighted, analyzed and then reported as a final estimate of value based on a requested date.
AVM is short for "automated valuation model". Appraisers, investment professionals and lending institutions use AVM technology in their analysis of residential property. An AVM is a residential valuation report that can be obtained in a matter of seconds. It is a technology driven report. The product of an automated valuation technology comes from analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable selling price of a residential property. An AVM generally uses a combination of two types of evaluation, a hedonic model and a repeat sales index. The results of each are weighted, analyzed and then reported as a final estimate of value based on a requested date.
Public AVM vs. MLS Deal Finder?
A public AVM: The product of an automated valuation technology comes from analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable selling price of a residential property.
MLS Deal Finder (Our System): it is based on MLS sold data and can be used only by licensed Real Estate Agents not the public.
MLS Deal Finder (Our System): it is based on MLS sold data and can be used only by licensed Real Estate Agents not the public.
Why should I pay for it?
- CMABROKER runs a CMA on all comps so that you save time allowing you to better serve your clients
- It makes you more competent and ensure the quality of your CMAs.
- it allows you to make better decisions on choosing the right comparables based on equity and a number of other parameters.
- It allows you to see information that you may not encounter otherwise.
- You will become an expert on CMA creation or if you are already an expert, it will save you many hours of work and allow your business to flourish.
What Type of Properties?
It works on residential properties including:
- Single Home Properties
- Town Homes
- Condos
- Duplexes
- Farm & Ranch
- If the subject property is on the MLS data, more data can be updated faster
- If the subject property is not on MLS data, data must be uploaded by the user
Who should use it?
- REO Agents
- Listing Agents
- Selling Agents
- Agents and Brokers doing BPOs (Broker price Opinions)
- Appraisers
- New and experienced agents
