AVM

Automatically Accurate? AVMs and Online Property Value Estimates

Automatically Accurate? AVMs and Online Property Value Estimates

If you’re like most homeowners (or aspiring ones), you’ve encountered lots of online listings and automated valuation models (or AVMs) — from the Redfin Estimate to the Zestimate. Who doesn’t love looking up their home and getting that dopamine hit of a higher number than your purchase price (hopefully)? But are they accurate or is there a better way to assess a property’s value on today’s market?