Wednesday, September 06, 2006

Home Valuation Tools

Keep your eyes open when you buy or refinance a home and make sure the value is current and correct. Many internet companies provide free tools to value a homes market rate. Just how accurate and trustworthy are these Automated valuation model (AVM) tools? And what exactly are AVM's? - Below are a few opinions about AVM's

Yes: Fannie Mae's Perspective
Yes/No: AVM threat and opportunity
No: The BIG AVM Lie ("horror stories")

If you decide to hire a appraisal instead of using a online tool - here is a link to the Appraisal Institute. The members have met rigorous requirements relating to education, testing, experience and demonstration of knowledge, understanding and ability. Also try

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