A property valuation is the process of determining the value of a home in the context of the current market condition through facts and data. Appraisals are also a part of the process and can consist of:
- Professional opinions from a walkthrough of the home and comparable property listing data in the area.
- Automated Valuation Models that help to provide an objective and transparent valuation of the property.
Various other solutions can also be utilized to help provide accurate valuations, such as data and analytic reports on property data, mobile applications to upload property photos and verify property data to streamline the home equity process, different types of AVMs and waterfall AVMs, cascades and home-price trends solutions.