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What is an automated valuation model (AVM)?
An AVM is a computer-based tool that uses artificial intelligence and data analytics to estimate the value of a property or parcel of land.
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How does the PDK AVM work?
Our AVM combines AI algorithms with manually sourced data to analyze various factors such as property characteristics, location, market trends, and comparable sales data to generate an estimated value.
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How accurate is the PDK AVM compared to traditional property valuations?
Our AVM strives to provide accurate estimates, but it's important to note that it may not replace a formal valuation conducted by one of our professional valuers. The accuracy of our AVM depends on the availability and quality of data, market conditions, and other factors.
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What types of properties does the AVM cover?
Our AVM focuses on residential properties (houses, apartments, condos) and vacant land in specific major towns in Kenya.
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Can I rely solely on the AVM estimate for pricing my property?
While our AVM provides a helpful starting point, we recommend consulting with one of our licensed valuers to get a comprehensive evaluation of your property's value.
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Are there any limitations or factors that the AVM doesn't consider?
The AVM may not account for unique property features, recent renovations, market trends that occurred after the data was collected, or certain external factors that could affect property value. It's essential to understand these limitations when using the AVM.
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Is the AVM free to use?
We offer both free and premium services on our platform. The basic AVM estimate is available for free, while additional features and more detailed reports may require a premium subscription.
Revolutionizing Property Valuations
Efficiency: An AVM provides an automated and quick property valuation process, saving time compared to traditional methods that require manual appraisals. This efficiency is particularly helpful when dealing with a large volume of properties or when you need immediate estimates.
Cost-effective: Using an AVM can be a cost-effective alternative to hiring a professional appraiser for every property valuation. It eliminates the need for physical inspections and reduces the associated expenses.
Data-driven analysis: AVMs leverage vast amounts of data, including property characteristics, historical sales, market trends, and more. By using advanced algorithms, an AVM can process and analyze this data, providing insights and estimates based on statistical models and market conditions.
Scalability: AVMs can handle large volumes of property valuations simultaneously, making them scalable for real estate professionals, financial institutions, or platforms dealing with numerous properties and transactions.
Market insights: AVMs can provide valuable market insights by analyzing data trends and patterns. This information can help users understand market dynamics, identify investment opportunities, and track changes in property values over time.
