Thursday, March 26, 2015

Try Meaningful Sales Metrics to Validate Low Value Drive-by and AVM-based Appraisals

  (Click on the image to enlarge)

Anecdotally, if your subject mimics a median property, the appraisal should be within, say, 10-20% of the median adjusted sale price. Similarly 50% of the properties should fall within the 25th-to-75th percentile bound, allowing a more broad-based QC/Validation platform.

This analysis is extracted from our Town Analyst portal. Likewise, you may generate your own Sales Metrics and Statistics pertaining to the Neighborhood, Town and County you are interested in. And, it's totally free and no log-in is required...

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