What is a Desktop Valuation?

A desktop valuation is an automated computer valuation done using property data, recent comparable sales and property listings.

As the name suggests, the valuation can be done from a desk; without needing a valuer to physically visit the property.

It is:

• Automated.
• Instant.
• Typically uses RP Data (Core Logic).
• Used by lenders for low-risk loans (loans under 80% loan to value ratio).
• Cheaper than a full valuation.