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AVMs automate the subject property valuation process. They are commonly used on refinances, equity loans, and other types of loans where property ownership is not changing. They are also valuable for quality checks on previous valuation reports. Many different real estate factors are used in processing AVMs, including: recent sales in the subject property area; overall market conditions; conforming neighborhood; CPA (Consumer Price Index); and GNP (Gross National Product).
AVM reports allow lenders to receive a timely and affordable property valuation
report that quickens decision-making and loan closings.
Other alternative valuation products are available, including BPOs (Broker
Price Opinions).
Sign-up for a free AVM trial!
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