AVM (Automated Valuation Model)

AVM Value Check
AVM (Automated Valuation Model) is a computer software that generate estimated values for residential properties using mathematical modeling combined with database. AVM is a useful tool to estimate home values, it works great in tract home areas in a stable market when information is publicly available. However, the reliability and confidence levels of AVM vary a great deal depend on

how the raw data used in the analysis and how update and available the data base is.

Below are reviews of six free AVMs for residential homes

Zillow.com	A widely known AVM to show house value and market trends
Cyberhomes	More user friendly than Zillow.com. Provide excellent analysis of value trend for home and the neighborhood. User can modify property data like living footage or building year to recalculate. User can also weed out improper comparables to update the estimated value. Used by Bank of America
Eappraisal.com	It gives property value estimation along with Zillow.com and cyberhomes' estimation for comparisons
Chase Home Value Estimator	Used by Chase Bank
HomeGain	User can modify property data to recalculate the estimated value. Sold comps seems not very updated.
RealEstate.com	Homing Device analysis is unique among all free AVMs. Offer more complete sold comps and for sale comps lists.

These AVMs are free and no obligation market analysis, they are not prepared, evaluated, or reviewed by licensed professional appraisers, but they are great places to start.

BPO or Desk Appraisal

BPO Value Check BPO (Broker Price Opinion) is a Broker Price Opinion of the value of a property in the current market, it could be done by a broker or a appraiser. A desk appraisal is a opinion of the value that can only be provided by a licensed appraiser.

We, ARA real estate appraisers, are local appraisal experts serving

Greater Los Angeles area. Using the most updated data sources, we analysis and evaluate your property information, sale history, sold comps, listing sales, and pending sales in the neighborhood, to provide you accurate and reliable value range of the property. At a very affordable price, our professional opinion helps home owners, sellers, potential buyer, investors, agents, brokers, and finanial institutions to make decisions, also save time and effort over the process.

To order desk review, just click here to order online. We accept credit cards. Turnaround time for desk review is less than one day in most cases.