There are multiple AVMs (Automated Valuation Models) available in IRESis to help you estimate a property’s market value instantly. As we gear up for busy season, we wanted to remind you a couple of the tools at your disposal:
RPR
RPR’s Realtor Valuation Model® (RVM®) sets the standard for automated real estate valuation models. The RVM® goes beyond the traditional AVM by incorporating listing and sales data from the MLS into the equation. The RVM® is also accompanied by a Confidence Score — a value between zero and five stars that indicates the level to which each of the multiple models agrees with other estimated values for a given property. High confidence scores indicate that other models yield similar estimates for the property.
Realtors® can access this tool on IRESis under the search tab, click NAR RPR then navigate to the Property Information tab of the property.
RealAVM
RealAVM provides an estimated current market value for residential properties using advanced, data-driven modeling. Rather than relying on a single formula, RealAVM combines multiple valuation methods — including comparable sales, appraiser-style analysis, price indexing, MLS data and neighborhood trends — to generate a more accurate estimate. It then reconciles these approaches into one final value.
This tool is available to all IRES customers on IRESis in Realist/Public Records via the Property Detail Report.
IRES MLS: Come Home to Colorado 