Anautomated valuation model(AVM) is a term for a service that combines mathematical or statistical modeling with databases of existing properties and transactions to calculate real estate values. The majority of AVMs compare the values of similar properties at the same point in time. Can smoking c...
Any appraiser surrounded by cookie cutter homes really needs to think about the long-term. AVMs will first eat up most of those valuations and then start coming for the harder stuff. I fear it is all but inevitable appraisers will continue to decline in total numbers and the ones left will...
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