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Property valuations are about to get a whole lot faster, with a new cloud-based SAAS tool called Interval.
It is a cloud-based solution that will enable faster valuation of properties. Faster assessments mean many other processes can be accelerated.
It is estimated that 70% of the world’s wealth is made up of financial assets. Thus, when there is a delay in the valuation of these assets, certain financial processes are also put on the back burner.
For example, a delay in the appraisal of your home could prevent you from obtaining a loan or selling a property. Other issues may arise if you are audited or considering investments.
This tool speeds up processes and enables better and more informed financial decisions.
One of the selling points of this tool is that it produces standards-compliant assessments in a fraction of the time. This is a long-awaited update to classic valuation methods.
Joachim Bertot, CEO of InterVal, added that this tool will help to better understand the evolution of the real estate market.
He said: “Valuations are one of the main bottlenecks in the financial sector. Facilitating compliance with standards and reducing turnaround times will help increase deal flow and foster the development of a more eﬃcient and transparent real estate market.
Emile Fremont, InterVal CPO, was also keen to discuss product adaptability.
He said, “A lot of quality enhancement products have appeared on the market lately. But most rely on Automated Valuation Model (AVM) technology, just focus on the math, and forget about the rest. Unlike them, our idea is to marry cutting-edge technology with perfect assessments and put it in the hands of all assessors, everywhere.”