Automated Valuation Models (AVMs) typically use advanced analytics, such as machine-learning models, to predict a given property’s current or future value.
GeoPhy Chief Economist Nils Kok’s “Everything You Need To Know About Automated Valuation Models (AVMs) In Real Estate” explained the crucial points about our AVM in a 2 March 2020 post in Forbes. His article examines the vast amounts of data that feed into an AVM, AVMs’ accuracy compared to traditional valuation methods, and where AVMs are likely to benefit the market.
For readers in our company’s home in the Netherlands, we’ve also translated the article into Dutch.
Want to give our AVM a try? Sign up for a free trial of Evra, our platform which includes GeoPhy’s AVM at its core.