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automated valuation model
(redirected from AVM)

   Also found in: Dictionary/thesaurus, Medical, Acronyms, Wikipedia 0.01 sec.
Automated Valuation Model
A computer model that estimates the value of a piece of real estate. While it is not as detailed as a full appraisal of the property, the automated valuation model is used as a substitute in some situations, such as the extension of a second mortgage or the assessment of property taxes. It is not used in considering a primary mortgage, which requires an appraisal.

automated valuation model (AVM)

Originally a computerized method of estimating large numbers of property values in an efficient,if not entirely accurate,manner;frequently used by tax appraisers to periodically reappraise properties for purposes of real estate taxes. A disgruntled property owner may appeal the valuation and present evidence the computer made a mistake in that particular instance. Today, AVM artificial intelligence has progressed to the level of respectability that lenders use it to appraise property for mortgage loan purposes and the IRS uses it to evaluate a taxpayer's assets.



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LPS AVM is powered by our robust public-records database and multiple-valuation modeling methodologies, and is complemented by ongoing quality control and reliable customer service.
On the company’s Bullboard, DrRoll said: “Finally people find that AVM.
AVM made a van donation to the family of First Class Petty Officer David Hall, of the United States Navy, and his wife Tanya, whose three children have a rare genetic disorder that limits their mobility and will likely further limit it in the future.
 
 
 
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