- 1 November, 2004 -

In response to requests from our clients for quicker and less expensive collateral-assessment tools, ELLIOTT & Company Appraisers now offers Automated Valuation Models, better known as AVMs. AVMs are computer-generated evaluations developed from comparable sales databases and public records. The advantage of using AVMs is low cost and the speed at which they can be produced. The price of an AVM at ELLIOTT ranges from $20 to $40 depending on monthly volume. Once a customer registers with us in order to receive our AVMs, he or she can order them from our Web site and receive the valuations almost immediately online, any time of day, any day of the week. The customer can simply log in and enter the address of the subject property under valuation. Our Web site is designed as a cascading interface with five of the leading AVM providers: Basis 100 Home Price Analyzer, Basis Pass, Banton Value Wizard, Case Shiller Weiss Casa and Veros VeroVALUE. Our AVM system is powered by FNC, Inc.'s ValueSource platform. The first AVM in the cascade to produce the report fills the order. If clients wish, they can order more than one AVM per property address. Clients with approved credit are billed for their AVMs and credit cards are accepted. For more information on AVMs contact Nicole Kalafut at (800) 854-5889. ELLIOTT & Company Appraisers is a full-service appraisal company offering a full range of property valuations, including AVMs, automated appraisals, limited appraisals, complete appraisals, property inspections and other related services.

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