The value of my home was decided by an AVM. What does that mean?

An AVM, or Automated Valuation Model, is an underwriting-grade appraised value report used by Point in certain cases to determine the value of your home. If your property qualifies for an AVM, you won’t incur any appraisal costs, which would typically be added to the fees at closing. Unlike regular appraisals that require a home inspection and take time to complete and review, an AVM provides an instant valuation, allowing you to move forward more quickly.