Hello, this is my first post and as a former property professional thought i would impart a few tricks of the trade to fellow members regarding the ways and means that mortgage lenders, estate agents , valuers and lawyers use the internet to to carry out their jobs.
Most of the web resources that they use online are free - if anyone is interested i will list a few good ones. Here is the first.
Most valuers and mortgage lenders use sophisticated software that aggregates data on property sales and market data. They will then apply (and this is the clever bit) complex algorythms to the data to prodcue shockingly accurate property valuations. These are called AVMs, which is short for Automated Valuation Models.
once i have the 10 posts i need i will post the link
Most of the web resources that they use online are free - if anyone is interested i will list a few good ones. Here is the first.
Most valuers and mortgage lenders use sophisticated software that aggregates data on property sales and market data. They will then apply (and this is the clever bit) complex algorythms to the data to prodcue shockingly accurate property valuations. These are called AVMs, which is short for Automated Valuation Models.
once i have the 10 posts i need i will post the link