Automated Valuation Models AVM

The Latest Automated Valuation Model (AVM) Claims 2019

by Administrator on Jul 26, 2019 • Automated Valuation Models AVM • 1143 Views

Well I knew that sooner or later I would see the results of some AVM claiming a very high degree of confidence that it had estimated the market value of my home, and today someone actually did. My mortgage company sent me a home value estimate from www.Xome.com that claimed a 94% confidence that they have correctly estimated my home correctly. I have been a broker and a certified general appraiser for 40 years and I would be hesitant to make that claim, yet because www.Xome.com is using “investment-grade” analytics, whatever that is, they think that they can.

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