Automated Valuation Model (AVM)

An Automated Valuation Model (AVM) is a technology-based tool used to estimate the value of properties without the need for a physical inspection. It relies on algorithms and data analysis, pulling from a variety of sources such as recent sales, property characteristics, and market trends. AVMs are commonly used in real estate, banking, and insurance to provide quick and cost-effective property valuations. While they can offer reliable estimates, their accuracy can vary depending on the quality and amount of data available. Ultimately, AVMs help streamline processes like buying, selling, or financing real estate.