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Kirchmeyer Outlines the Benefits of Automated Property Appraisals at the IAAO Conference
BUFFALO, N.Y. - Sept. 3, 2004 - Automated, real-time appraisals are playing an increasingly greater role in the real estate market, according to James A. Kirchmeyer, president of Real Info, Inc., a national real estate valuation company headquartered in Buffalo, N.Y. Kirchmeyer's remarks were part of his presentation as a featured speaker at the International Association of Assessing Officers (IAAO) 70th Annual Conference, held from Aug. 29 to Sept. 1 in Boston.
Kirchmeyer outlined the benefits of automated valuation models (AVMs), which provide an electronically generated valuation of properties in the real estate industry. According to Kirchmeyer, AVMs provide a faster, less expensive, and more consistent appraisal than traditional methods, which typically include a site visit to the property. He advised tax assessors and assessment professionals to become familiar with the technology as educated consumers continue to demand faster, cheaper assessments.
"Those who adopt AVM technology will certainly benefit from a resource that can increase cost savings while shortening the lending time cycle," said Kirchmeyer. "Consumers are the real winners here because they can receive a more cost-effective and timely appraisal than with traditional methods."
The IAAO is an educational and research association of individuals in the assessment profession and others with an interest in property taxation. The IAAO-sponsored conference features a wide range of symposia, workshops, and classes that discuss issues and techniques relevant to the assessment industry.
Real Info, Inc. provides automated property valuations to home equity lenders, credit unions, and real estate professionals. The automated valuation model (AVM) services allow clients to streamline the appraisal process with cost-effective, accurate, and time-saving solutions. Real Info uses its proprietary Internet delivery technology to provide searchable real estate data on over 85 million parcels across the United States through its realAccess(tm) subscription service. Real Info is a partner company of Kirchmeyer & Associates, a full-service, traditional appraisal company.
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