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Automated Valuation Models- AVM's
August 20th, 2007 2:41 PM

 

Be Careful with AVM's. There is no comparison with an actual appraisal done by a person. (article from NY Times)

THE value of my house fluctuates more often — and for even more mysterious reasons — than my weight these days.

But is it going up? Or down? Either my house lost $94,248 in value over the last two months, or else it gained $32,799 in the last 30 days.

I can’t tell, because I get conflicting information from online sites — like Eppraisal.com, Realestateabc.com and Homegain.com — where I find myself obsessively comparing numbers every day or so.

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Posted by Stephen Eady on August 20th, 2007 2:41 PMPost a Comment

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