Discover Your Property’s Value, Fast (No Complex Formulas Needed)
Do you know what your building or portfolio is worth today? Maybe you have an approximation, but do you know the exact answer, based on today’s occupancy rates, market data, operating costs and other factors? If your answer is yes, chances are, it took a lengthy process to get there. Determining the value of a multifamily or commercial property has traditionally been a complex endeavor, involving manual processes of analyzing data pulled from multiple sources ¬– some of which may have included paper-only records. That’s all changing as new technology is disrupting commercial real estate valuation with automated data integration, streamlined forecasting and more efficient scenario modeling based on real-time data. Automated valuation models (AVMs) such as FUEL Valuation use algorithms—calculations based on automated processes—to estimate a property’s market value. For real estate investors, appraisers, lenders and others involved in valuing properties, AVMs are filling a pressing need within the commercial real estate (CRE) industry for valuation technology that provides the most accurate information and real-time valuations. Here’s how AVMs like FUEL Valuation can help you quickly and easily calculate valuations at the asset and portfolio level:
1. Sharpen valuation accuracy and timeliness
FUEL Valuation integrates many real-time data sources to inform CRE investment modeling and scenarios. By integrating data directly from its source, there’s a lower margin of error compared to processes that involve unreliable manual data entry. In addition to eliminating opportunities for human error, FUEL Valuation also better reflects current realities, thanks to its real-time data feeds. If a neighboring property has just sold, for example, or new rental rates just went into effect, those factors are instantly incorporated into calculations.
2. Accelerate transactions
AVMs like FUEL Valuation can shorten the valuati...