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.

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