A NEW REAL ESTATE VALUATION PROCESS IN THE FIELD OF RESIDENTIAL FINANCING
||A NEW REAL ESTATE VALUATION PROCESS IN THE FIELD OF RESIDENTIAL FINANCING
||Book of Abstracts: 15th Annual European Real Estate Society Conference in Kraków, Poland
||The traditional valuation process with high costs and a long processing time has become increasingly difficult to maintain due to the competitive market and new approaches being utilized for valuation for financial purposes. The paper suggests a new appraisal process for the financing of residential properties. The suggested process places the valuer in a supervisor-like role over a partly automated process. The valuer then controls the process, valuing unusual properties and constantly improving the valuation process.
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