Whenever a property is bought or sold quite a few processes and steps have to be gone through and valuation is one such step that is extremely important. That is the reason why property and real estate valuation is such a big business even today. However, doing valuation business today is not the same as it was some years or even a few decades ago. Quite a few things have changed on the ground. Competition in this business has increased by leaps and bounds. The financial collapse of 2008 has left behind deep scars and many valuers have not been able to recover from it. Even a few years back it was a classic case of too many valuers choosing too few customers. However, things have started looking up a bit now. But still the market place is extremely crowded and there is jostling, pushing and shoving for an inch of toe hold space in this competitive market.
It is therefore important for valuers to find out ways and means by which they can move their business from one level of success to another. The best answer lies in finding out ways and means by which modern day valuers can make better use of the internet and other modern day technologies. Thought use of the internet technology today might look like an alternate choice to do business, it will not be long before it becomes an absolute necessity. Today’s customers as we know are very hard pressed for time. Under the circumstances, the onus lies on the valuers to find out ways and means by which they can make life easier for customers as far as valuation is concerned.
It is therefore now becoming extremely important for real estate valuers to find out ways by which they can offer online valuations. This will certainly go a long way in making life easier for customers who can have their valuations done sitting in the comfort of their homes. However, offering online valuation is no as easy as it seems and it requires putting in place quite a few things. The back office processes must be totally automated before one can think of offering online valuation. Or else it will be a case of putting the cart before the horse.