Appraisal Map Inc. has launched AVM Optimizer, a tool that bridges the gap between automated home valuations and true property worth.
The new tool enhances automated home valuations by factoring in property condition, updates, and renovations, addressing a key gap in other automated models.
AVM Optimizer improves home value estimates by up to 30%, the company claims, providing more precise valuations for both consumers and professionals in the real estate industry.
Many current AVMs often fail to account for key factors like a home’s condition, renovations, and unique features, leading to inaccurate or undervalued estimates. AVM Optimizer addresses this issue through a simple six-question process that allows users to easily adjust property details and refine their home’s valuation, offering a more realistic estimate that reflects true market conditions, the company says.
“Homeowners and professionals alike have long struggled with the limitations of traditional AVMs,” says Steve Wiese, creator of AVM Optimizer and founder of Appraisal Map Inc., in a release. “With this tool, we’ve bridged the gap between automated estimates and real-world property values, offering a solution that not only increases accuracy but also empowers users to better understand their home’s worth.”
AVM Optimizer sports a user-friendly interface that allows users to easily input relevant property details and receive a more accurate estimate in minutes.