Power tools for pros
Hibberd, Georgina
Power tools for pros - 2008 - RICS Business March 2008, 22-23(2) .
Investigates the growing use of Automated Valuation Models (AVMs) and Computer Aided Mass Appraisal (CAMA) systems. AVMs are most commonly used for assessments for lending purposes, although lenders are now using them to risk assess manual valuations, and models have been developed for repossessions and the buy-to-let mortgage market. Other uses of AVM and CAMA technology include disaster recovery, compulsory purchase and compensation, and eventually commercial valuations. However, argues that AVM technology is not likely to replace the skilled work of surveyors and valuers.
International
Power tools for pros - 2008 - RICS Business March 2008, 22-23(2) .
Investigates the growing use of Automated Valuation Models (AVMs) and Computer Aided Mass Appraisal (CAMA) systems. AVMs are most commonly used for assessments for lending purposes, although lenders are now using them to risk assess manual valuations, and models have been developed for repossessions and the buy-to-let mortgage market. Other uses of AVM and CAMA technology include disaster recovery, compulsory purchase and compensation, and eventually commercial valuations. However, argues that AVM technology is not likely to replace the skilled work of surveyors and valuers.
International