A licensed real estate professional compares a subject property's characteristics with similar currently listed and recently sold properties in the area.
Current market conditions and information about the area are used to establish an opinion of value for the subject property.
Subject and comp photos and a map are also included, configured according to client preference.
BrokerPriceOpinion.com offers best-in-class Automated Valuation Model products through its integration with partner company Collateral Analytics (CA),
a recognized leader in home price forecasting and mortgage analytics.
The CA Value Residential AVM is a state-of-the-art online residential property valuation service which generates reports designed to meet the valuation needs of lenders, brokers and investment bankers, as well as anyone who requires fast, reliable and cost-effective residential property valuations. It can be used during every step of the lending or property assessment process from origination, underwriting and quality control to servicing, portfolio review and default management.
CA Value employs a multitude of approaches to value each property, including Hedonic Models or Multiple Regression Analysis, Appraisal Emulation, Time Adjustment, etc.
Multiple model approach as well as neighborhood-specific comparable selection guarantee the most up-to-date and precise valuation.
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