000 01117cab a22002055a 4500
001 L148546
008 090930e2009 sa f 000 0 eng d
035 _a(Sirsi) u148546
041 0 _aeng
100 1 _aReed, Richard
245 0 4 _aThe use and misuse of AVMs
260 _c2009
490 0 _aThe South African Valuer
_v(97) April 2009, 15-29(4)
520 _aDiscusses 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.
590 _aKA
651 4 _aAustralia
651 4 _aNew Zealand
_y1947-
690 _aPROPERTY-PROPERTY APPRAISAL AND VALUATION
942 _n0
999 _c81881
_d81881