11AVMs, explained
Automated valuation models, explained properly.
A plain reference on what AVMs are, how their accuracy should be measured, and when a case belongs with a desktop or a valuer instead. Written to answer the question, not to sell against it.
11.1Three references
Definition
What is an AVM?
What an automated valuation model is, where it sits in a lending decision, and the things it cannot do.
Read →MeasurementHow AVM accuracy should be measured.
Sold-price benchmarks versus surveyor agreement, and why a single headline number misleads.
Read →RoutingAVM vs desktop vs physical.
The routing decision, confidence thresholds, and the cost and risk trade-offs between the three.
Read →The reference answers the question. A controlled trial settles it.
When you want to see how a confidence-scored AVM behaves on your own cases, the side-by-side is thirty minutes.