Online Valuation: When It Is Convenient and How It Works

Sending documents via messenger for online property valuation

Just a few years ago, many clients believed that in order to obtain a valuation, it was necessary to go to the office, explain everything in person, show the documents, and receive an answer right on the spot. In practice, this does not work exactly that way. In many cases, online valuation is not only possible, but also genuinely convenient both for the client and for the appraiser.

The reason is simple: property valuation is not the kind of service where the result can be correctly named in two minutes after a short conversation. Even if a person comes to the office in person, the appraiser often cannot immediately say what exactly the result will be. First, it is necessary to understand what exactly is being valued and for what purpose, check the documents, see whether the source data is sufficient, and only after that analyze the market and form a conclusion.

That is why most clients today choose a remote format. It saves time, eliminates unnecessary trips, and allows both parties to move on to the actual work faster instead of spending a day on the road and waiting.

Why many clients choose online valuation

When a person needs a real estate valuation, a vehicle valuation, or a valuation of other property, it is important for them to quickly understand four things: whether such work can be performed at all, which documents are required, how much it costs, and what exactly they will receive as a result.

In practice, for this purpose it is usually enough to provide the source data remotely. The appraiser still will not be able to provide a full answer without analyzing the documents, the characteristics of the property, and the purpose of the valuation itself. Therefore, a personal trip to the office at the first stage often does not speed anything up and sometimes, on the contrary, takes time away from both the client and the service provider on purely organizational matters.

It is much more convenient when the client immediately describes the task, sends documents by email or via messenger, and, if necessary, states their value expectation, meaning the result they hope to receive. After that, it becomes possible to understand whether there is enough data for the work, whether the order can realistically be completed with the required result, and which format of the document will be appropriate in the particular situation.

Why the appraiser cannot always immediately provide the result the client expects

This is one of the most important points and deserves a separate explanation. Sometimes a client approaches the appraiser not simply for a valuation, but already having a certain expectation regarding the value. For example, they may rely on the sale price of a similar property, on what acquaintances have told them, on listings from the internet, or on an amount that would be convenient for their specific life situation.

However, a professional appraisal company works differently. The appraiser cannot simply guess and immediately provide even an approximate value for an apartment or a land plot. And if we are dealing with more specific property, such as a house or non-residential premises, then such an “express valuation” is out of the question altogether. Sometimes, after reviewing the materials, it becomes clear that the client’s expected benchmark is realistic. And sometimes the opposite is true: neither the documents nor the market situation allow the result to reach exactly that amount. Or, as often happens in valuations prepared for a notary, the benchmark itself may be realistic, but it cannot be entered into the state register because of an incorrect automatic valuation recorded there.

That is why at the beginning of the work it is important to carefully check whether the source data is sufficient and whether the task can generally be completed in the format required by the client. There is no need to go to the office for this. It is much more logical to first receive the documents electronically, analyze them calmly, and only then confirm whether the work can be performed. It is also important to understand the cost of the services in advance. It is far more convenient to receive an offer, think it over calmly, and only then make a decision, rather than specially going to the office just for a preliminary conversation.

How online valuation usually works

In fact, the process is quite practical and easy to understand.

First, we receive the task itself: what exactly needs to be valued and for what purpose. This is crucial, because both the work procedure and the format of the result often depend on the purpose. For example, a valuation for a notary differs significantly from a valuation intended for submission to a court: in the first case, mandatory registration of the report in the state register is required, while in the second case the result is often a consultation-based opinion of value. And if the documents are intended for use abroad, then there are different requirements altogether, for example preparing a valuation with an English translation.

Next, we clarify whether the client has any value expectations. This does not mean that the valuation will be adjusted to fit a desired figure. However, it allows us to immediately understand the client’s expectations and see whether there is a significant gap from the outset between their perception and what the market for similar property actually shows. In other words, right at the beginning it becomes possible to understand how closely the client’s expectations correspond to the real possibilities of carrying out such a valuation.

After that, we check whether there are enough documents and source data for the work. Sometimes it is already clear at this stage that we can move forward. And sometimes the opposite is true: important materials are missing or there are inconsistencies in the documents. The most typical example is the absence of a technical passport for the real estate when it is being re-registered with a notary. In some cases, the valuation can be carried out without it, but this issue should be clarified specifically with the notary whom you have chosen for the transaction or inheritance formalities, since different notaries may have different opinions. If the notary requires a new technical passport to be prepared, it must be obtained first, and only after that should you approach the appraiser.

Once it becomes clear that the task is understandable, the documents are in order, and the work can be completed with the required result, payment is agreed upon, after which the valuation is carried out.

What this format gives the client

The main advantage here is not only that the client does not need to spend time going to the office. More importantly, the process becomes more rational. The appraiser can immediately move on to analyzing the documents and the market, while the client can quickly understand whether there is enough source data for the work and whether the valuation can be completed specifically for their task.

The remote format also simplifies the coordination of all details. Documents are easier to transfer, clarifications can be provided more quickly, and the final result can be received electronically or, if needed, a paper copy can be ordered with free delivery by Nova Poshta.

As a result, it is precisely online valuation that makes it possible to shorten the overall time needed to complete the order, since less time is spent on organizational matters and more time is devoted directly to the work itself.

Electronic and paper versions of documents

A paper report is not required in every case. Sometimes it is entirely sufficient to provide the result in electronic form. For example, this is convenient when preparing an appraiser’s consultation for calculating court fees in Ukrainian courts, or when preparing a property valuation with translation into English for tax calculations or for obtaining subsidies abroad. In such situations, it is often important for the client to receive the completed document promptly in electronic format, such as a scan with signatures and seals, while a paper version is not needed at all.

At the same time, there are situations in which a paper version is still necessary. The most typical example is a valuation for a notary. In such cases, we send the completed document to the client by Nova Poshta at our expense. So even if the work itself is organized remotely, the client ultimately receives exactly the format of the result required for their specific purpose. This is yet another reason why the online format does not create inconvenience, but on the contrary, simplifies the entire process.

Online valuation is about convenience, not about simplifying the valuation itself

It is important to understand the essence of this service correctly. Online valuation does not mean that the valuation is done superficially or formally. It is not about simplifying professional work, but about a more convenient way of organizing interaction with the client. Documents can be transferred remotely, the task can be agreed without a personal meeting, and the final result can be received either electronically or in paper form depending on the specific need.

For the client, this means saving time. For the appraiser, it means being able to move on to the analysis faster without interrupting the workday with unnecessary organizational stages. As a result, both sides benefit: the order is completed more quickly, and the process itself becomes calmer and more understandable.

Online valuation today is not an exception, but a completely logical and convenient format of work. In many cases, it is precisely this format that makes it possible to understand the task more quickly, check the documents, assess the prospects of the work, and prepare the required result without unnecessary trips and loss of time.

If the task is formulated correctly, the documents are provided in sufficient volume, and the purpose of the valuation is clear, the remote organization of the process often turns out to be even more convenient than the usual office-based scenario. That is why more and more clients choose this format when they need a high-quality property valuation without unnecessary organizational complications.

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