The real estate market thrives on accurate property valuations, but determining the "true" value of a property isn’t always straightforward. Traditional appraisals often take time and rely on the appraiser's expertise, which can introduce subjectivity.
AI-driven Automated Valuation Models (AVMs) leverage vast datasets, including recent sales, property features, neighborhood trends, and economic factors, to generate highly accurate property valuations in real-time. This technology has become especially useful for lenders, buyers, and sellers, reducing reliance on traditional appraisals and speeding up transactions.