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AVM's and Here We Go Again

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David M. Swaim

Thread Starter
Freshman Member
Joined
Jan 28, 2002
I think lenders are finding out AVM's are like the new war technology. You still have to put the troops on the ground. On the here we go again I am hearing over and over again from homeowners, realtors, etc. about how values will never go down again. Will these people ever listen or what planet have they been living on.
 
Joined
Jan 13, 2002
Professional Status
Retired Appraiser
State
Florida
What?!?!?!

Just as the biggie AVMs are being touted as so wonderful!?!?!

Now about that dream world those drugs are putting people into......
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Appraisal Intelligence is reporting 5 new AVM's rolling out this month. Everybody and their brother is going to have one. I suggest that we start charging $100 for an AVM, with a disclaimer that the value is worth its weight in toilet tissue. That's what an AVM value is worth.

Roger
 

Leon Stewart

Member
Joined
Jan 15, 2002
Appraisal Intelligence is reporting 5 new AVM's rolling out this month. Everybody and their brother is going to have one. I suggest that we start charging $100 for an AVM, with a disclaimer that the value is worth its weight in toilet tissue. That's what an AVM value is worth.

Roger

How long do you think it'll take for the Lenders to start completing them in-house with non-licensee's. I think many Lenders have already Contracted with large non-appraisal Firms to do these AVM's.

leon
 
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