What is MLS Deal Finder?
MLS Deal Finder is a CMA system that automatically creates a valuation on all Active properties on the MLS. Then, the user can search on the database of CMAs of Active Properties to find properties with equity.
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.
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
