What happens when a property is deemed unsuitable for AVM use? The second in a series, this white paper takes a look at properties that were deemed unsuitable for AVM use by VeroPRECISION, a superior new alternative to the traditional AVM cascade approach for equity lenders. During the analysis, Veros employed its VeroPRECISION decision engine to identify such unsuitable properties in markets across the country. The resulting 107 properties were valued using five independent AVMs and the accuracy of these values was then assessed in relation to recent appraisals on these same properties (within plus or minus 10 percent, or P10). The results are compelling and clear: There are certain properties for which lenders should avoid using AVMs altogether. Read on to learn more.

Publisher: Veros Real Estate Solutions
Date: November 2018