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COMPUTERIZED APPRAISALS, OTHERWISE KNOWN AS "AVM'S"

Published April 1st, 2011 by Unknown

An article from the Wall Street Journal discussing what living breathing appraisers already know: Computerized appraisals (i.e. AVM's) are WRONG more often than they are right. Zillow.com is terrible in most neighborhoods.

Nothing can take the place of a real person, with the knowledge and experience of the neighborhood and market trends, acting under no pressure, to appraise real property.

Here's the article:

http://online.wsj.com/article/SB20001424052970204204004576049974087536438.html

BTW, my New Year's resolution is to blog more. :-o

Next Appraisal / Steven Gray appraises residential properties in the Contra Costa and Alameda county cities of Richmond, San Pablo, El Cerrito, Albany, Hercules, Pinole, Walnut Creek, Oakland, Union City, El Sobrante, San Leandro, San Lorenzo, Hayward & more.

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