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AVMs analyze local sales data, property records and market trends to estimate the value of your home — similar to online value estimators like Zillow and Redfin, but with more detailed data.
An AVM is a residential valuation report that can be obtained in a matter of milliseconds. It is a technology-driven report. The product of an automated valuation technology comes from the analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable value of a residential property.
Zillow's price estimates changed how we browse homes forever. Here's what's wrong with the Zestimate — and what every buyer and seller should know. Zillow's price estimates are screwing up ...
"Zillow's estimates are no more reliable than the "fortune tellers" at carnivals," says top Chicago real estate broker Mario Greco, who heads The Mario Greco Group at Prudential Rubloff. Greco ...
A broker's price opinion (BPO) is a report that is performed by a licensed real estate agent, broker. or appraiser. A BPO is an informal appraisal. It is similar to doing a CMA (Comparative Market Analysis) but most times the real estate professional gets paid to do a BPO. A BPO can be either an exterior drive-by or a full interior report.
Site: Data on the size, shape, zoning, and access to utilities as well as FEMA flood-zone information. Contract: Information on the contract for sale is entered here for appraisals in which a change of ownership is about to occur. Subject: Basic information such as the address, legal description, owner's and/or borrower's names. The client is ...