Looking for answers or clarification regarding Automated Valuation Models (AVMs)? Following are frequently asked questions of NAR that will help you learn more about AVMs and educate prospective homebuyers.
• “What data is used to develop an AVM?”
• "My seller viewed an AVM online that shows a higher property value than my comparative market analysis. How do I explain the difference?”
• "How is an AVM different from an appraisal?"