MPAC propertyline AVM
Comparable Property Valuation
Automated valuation model (AVM) is the name given to the MPAC propertyline service that can provide real estate property valuations using mathematical modelling combined with a database. Most AVMs calculate a property’s value at a specific point in time by analyzing values of comparable properties. Some also take into account previous surveyor valuations, historical house price movements and user inputs (e.g. number of bedrooms, property improvements, etc.).
Appraisers, investment professionals and lending institutions use MPAC propertyline AVM technology in their analysis of residential property. An MPAC propertyline AVM is a residential valuation comparable market report that you can be obtain within one hour of Pensio Purchase Power receiving your deposit guarantee application. This is a no cost once you on-line or you with your real estate agent have completed your application. An MPAC propertyline AVM is a technology-driven report. The MPAC Property-line automated market valuation comes from analysis of public record data and computer decision logic combined to provide a calculated estimate of a probable selling price for your current home or a probable purchase price range for the new home you are buying.
Sample MPAC propertyline AVM comparable market valuation report
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When you pay 5% of your deposit in cash and are required to place a larger deposit, Purchase Power Deposit Guarantees can be issued for part of the additional deposit amount required, up to 20% of the purchase price. The Deposit Guarantee acts as a substitute for the cash deposit required by the Buyer of a residential property when signing an Agreement of Purchase and Sale. You can purchase pre-construction new build and resale residential homes with closing dates up to 48 months. Home Owners and First-time home buyers are able to obtain a Purchase Power Deposit Guarantee.