The use and misuse of AVMs
Language: English Series: The South African Valuer ; (97) April 2009, 15-29(4)Publication details: 2009Subject(s): Summary: Discusses the use and misuse of automated valuation models (AVMs) in the context of the Australian and New Zealand markets. An AVM is a mathematically generated valuation that primarily uses real estate or property information to calculate a value for a specific property and is based on bulk sales analysis. It is not a viable substitute for a valuation. Examines the strengths and limits of the AVM process and its inappropriate application. AVMS are now alarmingly being used in the risk analysis of property portfolios. AVMs are here to stay and can assist the valuation process if used correctly.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L148546 (Browse shelf(Opens below)) | 1 | Available | 148546-1001 |
Discusses the use and misuse of automated valuation models (AVMs) in the context of the Australian and New Zealand markets. An AVM is a mathematically generated valuation that primarily uses real estate or property information to calculate a value for a specific property and is based on bulk sales analysis. It is not a viable substitute for a valuation. Examines the strengths and limits of the AVM process and its inappropriate application. AVMS are now alarmingly being used in the risk analysis of property portfolios. AVMs are here to stay and can assist the valuation process if used correctly.