“Now, you can find out what sophisticated AVM technology says about your property’s value.”
Many lenders have implemented an AVM in their underwriting process, providing an additional validation component or replacing an appraisal requirement. Resolutions Title offers a variety of AVM services, all of which are delivered by providers that are “best in class”.
An Automated Valuation Model (AVM), is a sophisticated report that rivals an appraisal at a fraction of the cost. The AVM establishes your home’s market value using scientific measurements based on sales trends, title records, neighborhood analysis, tax assessment databases, local economies, and more. Over the past few years, it has become more and more common to substantiate appraisal values.
Real estate professionals and sellers can use an AVM to determine the correct selling price and loan value. Home buyers or owners can use it to find out whether or not the property they want to purchase or refinance will meet their lender’s qualifications. And, if the AVM comes in lower than the asking price… that’s negotiating power a buyer can bring to the table.