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AVM or Property Appraisal – What is the Difference?

May 27, 2019 • Real Estate Industry

For mortgage lenders, assessing a property’s value is a necessary part of the job. But what is the right tool to do so?

Many lenders rely on full property appraisals and automated valuation models (AVMs) – what are the differences between these tools?

We break down the contrasts and how to know which tool to use and when on the Purview blog. Read it here:
https://www.purview.ca/is-an-avm-meant-to-replace-a-property-appraisal/

 

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