Every valuation of a specific property made transparent
A clear picture of the reliability
A property valuation is essentially an estimate of the market value on a specific date. Like any estimate, a valuation has a margin of error, which reflects the certainty of the estimate. The smaller the margin of error, the more certain the estimate.
Momentum Technologies provides for each valuation its probability distribution. The probability distribution indicates for possible ranges how certain it is that the value falls within these ranges.
Comparable sales data used
The certainty of a valuation is closely related to the quality of the comparable sales used, also known as reference sales. The more similar the properties used as reference sales are to the property being valued, the more certain the valuation will be.
Momentum Technologies provides insight into all comparable sales used. Tables and a rose diagram are used for this purpose. The diagram provides insight into how the characteristics of the property to be valued relate to the characteristics of the reference sales. The general comparability of a reference sale is represented by a report mark on a scale of 1 to 10 (highest).
Summarized in the Scorecard
Detailed information for each rating is summarized in a scorecard.
