automated valuation model

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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.

References in periodicals archive ?
Certain characteristics of AVM are associated with an increased risk of hemorrhage, i.
The book begins with an examination of the theoretical foundations of AVMs, moves to an analysis and case studies in institutional contexts, and then moves on to discuss the practical usage in various markets around the world.
In this case it, after embolization of both blood supplies of the AVM, it was noted that minimal flow remained to the AVM from the right uterine artery.
Although this is our first experience of CyberKnife radiosurgical ablation of spinal AVM, excellent outcome is detected whether in clinical symptoms or radiological manifestation.
When the AVMs are developed as such, the final values are more in line with that segment of the market, addressing especially the sub-markets which inherently deviate from the median market.
CA/AVM solutions with different AVM content (relative to CA) were electrospun.
The fly in the ointment, however, is that AVMs are not routinely used by lenders to predict a pending sale price on a listed property.
Contrast-enhanced CT has also become a valuable tool to diagnose AVM and can detect changes in the size of the lesion.
If history is any guide, the FFIEC's guidelines are likely to usher in a slew of hybrid AVM products.
From the search of 750 articles, emphasis was given to those dealing with cerebral AVM embolizations and factors determining outcome and complications.
In addition to the parking sensor and AVM, TTE also plans to tap the parking assist system market to become a global-leading safety system supplier.
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.