What is an Automated Valuation Model (AVM)?

An Automated Valuation Model (also known as an ‘AVM’) is a calculation of what a home is worth based on a variety of data points. Typically AVMs take into account a home's characteristics (beds, baths, square footage) and look at public record sales data of similar homes in your neighborhood. AVMs are a good initial indicator of a home's value, but if you want a more accurate valuation, a knowledgeable Real Estate agent can put together a Comparative Market Analysis (CMA).