In an age where technology is revolutionizing every aspect of our lives, it comes as no surprise that the real estate industry is also undergoing a transformation. One significant change making waves in the sector is the adoption of virtual valuations for homes. This shift towards virtual valuations is not just a passing trend; it’s a desirable change for homeowners and property contacts, bringing a multitude of benefits that were previously unimaginable.
At Valligent, we surveyed 250 property contacts to get their views on virtual valuations. The feedback revealed a positive response, with 95% expressing satisfaction with virtual inspections. Moreover, 71% advocated for virtual valuations to become a standard practice across the industry. These statistics underscore the growing acceptance and appreciation for virtual valuation methods among property contacts.
Key Benefits of Virtual Valuations
So, what exactly makes virtual valuations so appealing to homeowners and property contacts? Let’s look at some key reasons:
- Convenience and Efficiency
Traditional property inspections offer a comprehensive view of the property. Appraisers can physically examine the structure, assess its condition, and identify any defects or needed repairs. - Safety and Compliance
Buyers or lenders can get a feel for the property, touch surfaces, and test appliances during traditional inspections. This hands-on experience can be invaluable when making a purchasing decision. - Interactivity and Detailed
Virtual valuations go beyond mere convenience; they offer an interactive experience where property contacts can guide the people doing the valuation or inspection through their properties using live stream conferencing links or mobile apps. This level of interactivity provides a more detailed understanding of the property, allowing for discussions and examinations just like an on-site visit. - Accessibility in Remote Areas
Traditional property inspections can be time-consuming which can limit the number of inspections an appraiser can complete and may require scheduling/coordinating with multiple parties. This process can slow down the loan approval or real estate transaction. - Cost-Effectiveness
Last but not least, virtual valuations can be a cost-effective solution for both property owners and valuation firms. By reducing the need for travel expenses, accommodation costs, and other logistical challenges associated with traditional inspections, virtual tools offer a more economical option for conducting property valuations.
Overall, real estate property contacts appreciate virtual valuations for their convenience, safety benefits, interactivity, accessibility, and cost-effectiveness. As technology continues to advance, the prevalence of virtual valuations is only set to increase, ushering in a new era of efficiency and innovation in the real estate industry.
If you want to learn more, visit our virtual valuation page and contact us here!
