Anyone in real estate investing relies on multiple sources of data to make decisions, assess markets and sign off on contracts. This takes time, effort and a keen eye for detail. There is an old way of doing all of this, and there is a new way. Let us explain.
Meet Bob. Bob has been a real estate investor for years. Every week Bob trawls through websites, downloads data, assess valuations, calculates offers, and then passes all of these tasks through a ‘sausage factory’ of sorts that spits out offers on deals, where he can print things off to send. He prints offers and he prints neighbor letters, or he outsourced this and has to manage the tasks. Bob wastes (yes, wastes!) about 15 hours a week on this.
Bob goes along to his local REIA meeting and he’s tired and confused. He talks with a friend of his, Gillian, and she is full of energy and super excited!
“What’s your secret?! You’re usually exhausted like me every time I see you!” Bob asks.
Gillian replies; “Well Bob. I just discovered the best kept secret in real estate. It’s what all the big end of town Lender and Insurance companies use to assess property values - and now it’s PUBLIC for investors like you and I, Bob!”
“I’m all ears - tell me more!” Bob said
“It’s called an Automated Valuation Model, or AVM, and it has literally changed the way I do business and my growth in deal flow. Using the AVM, I can now see everything I need, in one place. No more lists, no more manual calculations, no more comps…. This is a numbers game and having access to an AVM gives me all the numbers I need.” Bob was intrigued. How could he get access to this AVM too?