IN INSTANCES WHERE A FULL APPRAISAL IS UNNECESSARY OR TOO COSTLY, CONSIDER AN AVM
An automated valuation model or AVM is an affordable alternative to appraisal for home valuation. An AVM incorporates data from all market comps, REO/quick sales values, and aggregated market data. Automated valuation models are not the most accurate type of real estate evaluation because they do not incorporate on site property inspections or appraiser opinions. However, AVMs are one of the most affordable alternatives to appraisals for real estate valuation.
Through a full complement of national market data, appraisal valuation modeling, market analytics, indexes and forecasts we can build tailored AVM solutions to support financially sound risk and portfolio due diligence strategies. With our knowledge of AVM regulations/AVM compliance, we can give you the information you need to make educated decisions.
We can help you understand market trends, forecasts and values, from a national level down to a specific neighborhood and property. In addition to professional appraisals, we provide the following AVM solutions:
– Collateral Analytics (CA) Value AVM
– CA Value Range AVM
– CA Interactive AVM
– Home Value Explorer (HVE)
– Powerbase® 6.0
– Valuepoint® 4
If you are looking for a solution that is more accurate than an AVM without the high price tag of an appraisal, consider Pro Teck’s hybrid model CollateralPoint®®. CollateralPoint®®combines the best features of AVMs, BPOs, and appraisals. The final CollateralPoint®®report provides a more complete picture than an AVM or BPO alone, at a lower price point than an appraisal.