Assessing Property Value Remotely
A Desktop Valuation is a property valuation conducted by a valuer or appraiser without physically visiting the property.
It relies on publicly available data, information provided by the property owner, and other sources to estimate the property’s market value.
Desktop valuations are used in situations where a traditional valuation is impractical or a quick estimate is needed.
Cost-Effective and Convenient
– They can be less expensive than traditional valuations as they do not require a physical visit to the property.
However, desktop valuations may not be as accurate as traditional valuations since they do not consider the property’s physical condition or other factors not apparent from available information.
They are commonly used for valuing properties in remote locations or when a quick estimate is required.
Incorporating Traditional Valuations with Desktop Assessments
Desktop valuations should not be the sole basis for determining a property’s worth, and a more comprehensive valuation is generally recommended.
Buyers and sellers should consider obtaining a traditional valuation to make informed decisions regarding property sales or purchases.