An automated valuation model estimate is a statistically derived estimate of the value of the subject property generated:
- by a computer driven mathematical model in reliance on available data;
- without the physical inspection of the subject property;
- without taking into account any market conditions (including building, planning, or economic), and/or
- without identifying observable features or risks (including adverse environmental issues, state of repair, improvements, renovations, aesthetics, views or aspect) which may, together or separately, affect the market value (AVM Estimate).
An AVM Estimate is current only at the date of publication and is not indicative of future market performance. An AVM Estimate is intended as a general guide only, and must not be relied upon as a professional valuation. Cotality expressly excludes any warranties and representations that an AVM Estimate is an accurate representation as to the market value of the subject property.
To the full extent permitted by law, Cotality excludes all liability for any loss or damage howsoever arising suffered by the recipient, whether as a result of the recipient's reliance on the accuracy of an AVM Estimate or otherwise arising in connection with an AVM Estimate.