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Automated Valuation Model

An Automated Valuation Model (AVM) is a computer-based system that uses statistical algorithms and property data to estimate a property's value, instead of a formal appraisal by a human. AVMs examine public records, sales history, tax data, and property features to quickly provide a data-driven estimate of a property's worth. They are commonly used by lenders, real estate agents, and financial institutions for tasks like loan underwriting, refinancing, and portfolio valuation.

Benefits of AVMs

  • Faster turn time
  • Market accuracy
  • Lower price point
  • Eliminates bias
First page of a sample QVM Comprehensive Report with identifying details redacted
Sample report, page 1 of 10. Owner, address, parcel, and loan details redacted.

AVM Ordering

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This Automated Valuation Model (AVM) is an estimate of value generated by a computer model. It is not an appraisal and should not be used as the basis for a lending decision. The AVM does not include a property inspection or consider all market factors. For lending or other purposes requiring a supported opinion of value, a full appraisal by a licensed or certified appraiser is recommended.