Focused on Cyprus and Greece - AVM reports are relatively fast and cost effective reports compared to traditional appraisal methods
4 MINUTE READ
Automated Valuation Models offer an efficient way for real estate agencies and individual buyers to research the estimated value of a property. Through these computer-generated results, a property's market value can be quickly calculated without requiring an appraiser to physically visit the site. This is especially beneficial when the potential buyer or seller has time constraints because AVM reports are relatively fast and cost effective reports compared to traditional appraisal methods. By using statistical data, AVMs also provide a more accurate report than was previously achievable without being onsite. Although not as comprehensive as a manual appraisal, Automated Valuation Models are a great way to get an estimate of the current market value of any type of property.
InRealtor AVM team has been actively communicating with the RICS Tech Affiliate Department throughout 2020 to ensure our users have access to the best possible RICS AVM standards. We understand that clear and accurate information from the land department is a necessity when it comes to tracking past sales, and we invest time in making sure that what we provide meets these standards. Our priority is providing precision and accuracy to the data provided, so our users can take full advantage of their experience when dealing with land records. We remain dedicated to exceeding these standards moving forward.
We follow all new updates and looking into events that take lace such as the RICS held Leaders Forums in London, The Netherlands, Germany, Singapore, Hong Kong and Sydney. The Forums included attendees with expertise in a variety of fields including AVM providers, users of AVM in the lending arena, property portals, residential and commercial valuation forums and a body representing AVM providers.
Our priority is providing precision and accuracy to the data provided, so our users can take full advantage of their experience when dealing with land records. We remain dedicated to exceeding these standards moving forward.
InRealtor Price Indices are provided for information purposes only. While we make every effort to ensure our indices are as robust as possible we cannot guarantee their accuracy or completeness. InRealtor shall not be liable for any loss or damage, direct or indirect, arising from inaccuracy or incompleteness of the data or any decision made in reliance upon the data.
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Reliable and revolutionary automated valuation model, designed for the Greek market.