Entrepreneur Nitin Aggarwal has launched what is claimed to be the most accurate way to value properties online despite hot competition from other providers including Zoopla and Rightmove.
Aggarwal has launched what’s called an Automatic Valuation Model (AVM) platform which claims to be more accurate than the current available digital technology to value property.
The service is part of his Property Deals Insight website and can be used for free for two weeks but thereafter is a paid-for service.
It’s part of a package that ranges from per square metre valuations to the latest off-market deals and analysis, top ROI properties, local area analysis and more.
“Years ago I was amazed to find that there was no standard way of knowing a property’s value, and as I dealt with property at the time, I really needed a 100% solution to cover the knowledge gap,” he says.
“In the end after extensive analysis and development I built a solution.”
Aggarwal is part of a sector that is chasing the most accurate AVM and most, including those offered by the big companies who supply mortgage lenders and the larger property portals. These offer value ranges but only work on more standard properties or if more information is provided by a human.
Property Deals Insight claims to be going the extra mile and says his AVM is ‘more reliable than humans’ when judging a property’s value.
“Property investors will also find it to be an essential tool, a ‘property compass’ giving detailed intel on property yields, index properties by measurement and comparables – functionality that just does not exist elsewhere on the market.”