avm: MARKET VALUE ANALYSIS - Get it right!
- 06/09/17 06:27 AM
In the “good old days” some of us might have presented sellers with a wad of printouts, offering a ration of verbiage about the expected price range. Some took a more direct approach and asked the seller what price he would like. Still others checked with the local tax assessor's office, deferring the decision on the home's value to the assessor. Nowadays it’s the AVM (automated value model) like Zillow. (See the AVM blog below.) None of these methods is satisfactory. You will need to prepare an "appraisal style" market value analysis. The first step in the process is finding three (or … (0 comments)
In the “good old days” some of us might have presented sellers with a wad of printouts, offering a ration of verbiage about the expected price range. Some took a more direct approach and asked the seller what price he would like. Still others checked with the local tax assessor's office, deferring the decision on the home's value to the assessor. Nowadays it’s the AVM (automated value model) like Zillow. (See the AVM blog below.)
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