Any Experience with Automated Valuation Models?

Question

I am analyzing a portfolio of rentals in the southeast. Does anyone have suggestions based on experience for accuracy and costs of AVM's? Any thoughts or experience with Core Logic, Real Quest, Credit Technologies, Fiserv, LP Services, Sitex, Freddie Mac HVE, or others? I am looking for higher accurancy than Trulia or Zillow.

Thanks in advance for your input.

Ted Akers · Answer

Hi Joel,
I am looking for a relatively inexpensive yet more accurate automated valuation model for an initial analysis of this pool and other properties we may fund. There are many out there, and I am trying to get a higher level of accuracy than Trulia or Zilllow. Based on that first quick look I would proceed toward my purchase or funding. If we moved toward a purchase I would do at least a BPO or a blanket or individual appraisals.

Thanks for your reply and any additional thoughts.

Joel Owens · Answer

Are you just wanting a BPO opinion of the portfolio??

That's what it sounds like. Used to they would let any agent do them but now BPO mills have stricter requirements and experience levels.

Any Experience with Automated Valuation Models?

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