Accurate Home Value Alternatives
The next generation of real estate appraisal.
We fuse expert appraisers with an innovative technology-driven valuation process to provide accurate alternatives in real estate valuation.
The ValuTech Process
ValuTech has developed proprietary technology and re-engineered the appraisal process to create innovative new methods for valuing real estate and improve the efficiency of established appraisal methods.
Step 1:
Data Aggregation
At the core of ValuTech’s process is proprietary database architected for the valuation of real estate. Our rich property data includes photographs and critical property characteristics not included in any other source.
Vast amounts of data are aggregated from multiple sources and continuously validated, refined and enhanced by appraisers so it is the most up-to-date, accurate and complete archive of real estate data that can be produced.
Step 2:
Data Standardization
Once in the database, the information for each property goes thru a refinement and data standardization process. All the properties are categorized into various market segments which impact value and are critical to the valuation process. The individual characteristics are then standardized based on statistician develop a rating system called ValuMetrics.
This system allows for the objective quantification of critical property characteristics for utilization in analytic research, for statistical tools like regression analysis and to automate traditional appraisal extraction methods.
Step 3:
Data Analysis
A database-driven valuation process allows for robust market research and analysis. Our valuation engines and software platforms process this vast data to instantly produce detailed analytic reports and statistics on the value of property attributes, adjustment factors, property distributions, prices trends and market metrics on all market segments and property types.
With complete data fueling advanced analytic tools, ValuTech can provide quantitative support to its valuation products which cannot be replicated by appraisers or any other platforms in the market. This refined data is the fuel for our valuation engines and interactive software platform.
Step 4:
Valuation Modeling
ValuTech employs three core valuation models, these algorithms which we refer to as engines produce reliable independent valuation results. These methodologies are blended to provide more accurate products and their individual strengths are leveraged to complement the other valuation models and valuation processes developed by ValuTech.
Our valuations models can be utilized to instantly value a single property or to continually monitor the value of one property or an entire portfolio of properties. Once in our database, the value of any property can be rendered on demand or on a predetermined cycle to continually monitor risk or under-utilized assets.
Appraisal Emulation Model
The Appraisal Emulation Model (AEM) replicates the traditional appraisal process by selecting comparables sales based on appraiser defined search parameters.
Once selected, the comparables are adjusted into parity with the subject based on market extracted & appraiser verified adjustments factors. The comparables are then weighted to derive both a range of values and a single point of value.
Our Appraisal Emulation Model (AEM) is revolutionary in that it is the most accurate and transparent automated valuation process on the market today.
Hedonic Regression Model
The Hedonic Regression Model is essentially a statistically robust form of the sales comparison approach.
The algorithm decomposes properties into their constituent characteristics such as dwelling size, number of bedrooms, lot size, etc. and obtains estimates of the value of each characteristic. When applied to a property, the contributory values of each of the characteristics are added to derive an estimate of value.
ValuTech’s model excels due to its access to comprehensive data which includes critical characteristics like location, condition and view.
Market Index Model
Leveraging our proprietary ValuTech Small Market Index (VTI), which tracks trends in values at granular levels, our index valuation model provides indications of values on properties which have either transacted or been appraised in the past by adjusting prior prices by changes in the indexes’ value over time.
While simple in design, index valuation modeling eliminates potential inaccuracies caused by unique characteristics or subjective variables which are not appropriately accounted for in other models.
Step 5:
Valuation Process
ValuTech puts the local professional appraiser in the driver seat of our powerful Interactive valuation platform. This software integrates ValuTech’s refined data, proprietary analytic tools, valuation modeling engines and professional appraiser’s local market expertise to develop accurate, well substantiated valuations.
The appraiser drives a progressive step-by-step valuation process to develop property valuations with greater speed and accuracy. This interface replaces antiqued form filling software and the appraiser’s reliance on incomplete data sources, as well as, automating once time consuming manual adjustment extraction methods.
Appraisers are able to concentrate on property valuation and not form filling. This interface guides the appraiser thru a consistent process which is dictated by the client’s scope of work & appraisal theory and not by a form or report format. The process is consistent for all valuation products regardless of the output or report produced at the end of the process.
Step 6:
Valuation Results
ValuTech’s innovative process allows appraisers to focus on the finish line: “an accurate, objective valuation completed greater efficiency and accuracy while still complying with the Uniform Standards of Professional Appraisal Practice (USPAP).”
Clients now have access to a comprehensive suite of innovative valuation products which are better situated to meet their diverse needs. Gone are the days of using one product and waiting weeks when the knowledge and expertise of an appraiser is needed for critical business decisions and compliance with regulations.
Now, Accurate Home Value Alternatives exist.
Our Technology
Innovative Technology developed to advance the appraisal of real estate
Valuation Data-Base
Valuation Data-Base
Valuation Models
Valuation Models
Presidio
Presidio
Interactive Interface
Interactive Interface
Small Market Index
Small Market Index
Portfolio Monitor
Portfolio Monitor
Report Engine
Report Engine
ValuMetrix
ValuMetrix
VT Mobile
VT Mobile