Get dizzy on AVMs
The Wheel Estate Cam, Episode 4
By Frank Borges LLosa, Friday, November 20, 2009.
Episode 4: Frank Borges LLosa of FranklyRealty.com in Arlington, Va., ponders the evolution of real estate valuation models (AVMs) in this episode of the Wheel Estate Cam. He notes that Realtors have been critical of automated home valuations, which can be an imperfect science, and comments on the irony that the National Association of Realtors is creating a valuation system for its own members, dubbed the "Realtor valuation model," or "RVM," as a part of the Realtors Property Resource.
Watch past episodes of the Wheel Estate Cam:
- Episode 1. Top cameras: Through a real estate lens
- Episode 2. The real estate video road show
- Episode 3. Everyone is No. 1?
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Submitted by Louis Cammarosano on November 23, 2009 - 9:01am.
Excellent video!
HomeGain pioneered the concept of the instant home valuations back in 1999-2000
http://blog.homegain.com/homegain/homegain-cries-flattery-on-zillow/
HomeGain has always taken the approach that Realtors are in the best position to value homes as they are in the market every day and actual can influence the price you may get for your home
As you noted consumers want these tools so in 2006 we dusted off our AVM after five years of retirement and featured it at the center of our Realtor centric, ad free AgentView product.
EX http://www.homegain.com/homevalues/Denver-CO/80205