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.
- 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.