Automated Valuation Models (AVMs) have been around since the 90s, but advancements in technology mean that today’s AVMs are more accurate and reliable than ever.
There are several different types of AVMs that use various data points to determine a property’s valuation. They’re a handy tool for real estate investors since they can provide at least some bare bones numbers to help determine if a property is likely to be a profitable investment.
To learn more about AVMs and how they’re used by investors, check out this piece from Toward Data Science.
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