Property Value


What is a Desktop Valuation?

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“Discover Desktop Valuations, which analyze properties remotely without examination. Discover its property evaluation efficiency and accuracy.”

Also referred to as a desktop evaluation, desktop valuation is the technique of estimating something’s worth based on little information. Although it may also be used to value enterprises, the phrase is most often employed in relation to real estate valuation. What you should know about desktop valuation and the reasons you would want to utilize one are explained below.

What is a Desktop Valuation

Desktop valuation, as the name implies, is done from a desk as opposed to having someone see, evaluate, and analyze the property in person. In addition to any information already in the surveyor’s records regarding the property or the neighborhood, publically accessible web data is also used. Desktop valuation, sometimes referred to as data appraisal, is typically used in situations when it is not practical or feasible to evaluate and value the property physically.


Newly constructed buildings and even partially constructed structures may be valued using a desktop valuation; in these cases, the design and information supplied by the project developer are utilized to determine the value. However, keep in mind that desktop valuation only offers an estimate based on a review of the available data, including statistics, customer recommendations, and property photos. Our professionals use all of these resources to create a property value just from their desks at work.

Pros of a Desktop Valuation

Because desktop valuation is less expensive than other techniques of valuation, it is commonly employed. Because the cost of the surveyor’s inspection and analysis of the property raises the application fee for a mortgage, it requires less time in addition to this. This method allows for far faster valuation; in some situations, the property may be valued in a couple of minutes.


Additionally, desktop value is correct, which is why more lenders are progressively coming around to accepting it. For a home equity line of credit application, in particular, your lender has to demand desktop valuation. In addition, desktop valuation is a dependable technique for valuing data; moreover, it should be noted that the dependability of desktop valuation is lower than that of previous approaches. The majority of the time, desktop values are chosen when lending and loan risk are minimal.

Disadvantages of a Desktop Valuation

There are several drawbacks that you should be mindful of. A number of assumptions are made in desktop valuation. The property needs to be physically visited in order to complete the value. There are occasions when the information on the documents and paperwork differs from the real attributes of the property, which can only be identified by a physical inspection. Because of this, this technique of appraisal is not as dependable as older approaches. Additionally, before making a final selection, you should do a thorough inspection of the home if you’re purchasing one.


A desktop or automatic appraisal cannot identify and handle structural problems in the home or determine if the plumbing and electrical systems need to be replaced. Additionally, the property you are purchasing or refinancing can have special qualities that raise or lower its value; the computerized appraisal system will not pick up on these aspects. But if someone is purchasing a home, he or she will want to read as many comprehensive reviews as possible to completely understand the benefits and drawbacks of the asset they are purchasing.

Reliability of a Desktop Valuation

Eventually, a lender will only accept desktop valuation’s dependability to a certain extent. The surveying company’s data is likely to be more current if the property has undergone recent financing or purchases and sales. A desktop appraisal is likely to be approved if the property has been inspected in the last 20 to 30 years, and the corporations will want a more thorough and reliable assessment instead. Ideally, this report will be created after the use of conventional valuation techniques.

How does a Desktop Valuation work, and for and how long is it valid?

An impartial expert completes the desktop valuation and provides his assessment of the property’s worth based on the information he has access to. He could also consult with the land’s developers and clients. The appraiser compiles a report outlining the property’s worth after reviewing the available data and statistics. A desktop assessment is often only good for ninety days, while a comprehensive appraisal might last up to six months.

Why do lenders use desktop valuations?

When it is not possible to conduct a thorough physical evaluation of the property, desktop valuation is often performed. In these situations, desktop valuation is a rapid underwriting method used by lenders, supposing that sufficient information about the property is accessible and that it is in a suitable condition of repair. It is important to remember that desktop valuations are less trustworthy than more conventional techniques of appraisal.

What if the value after valuation is too low?

A down payment is what happens when the buyer’s mortgage surveyor determines that your home is worth less than the offer you have accepted. A down valuation may often lead to a failed sale since the buyer’s mortgage provider will be less inclined to give money if they value your supplier less than the agreed offer. Higher LTVs (loan to value) are often the result of lower importance. Because they believe there is a larger risk involved, lenders are less likely to grant a mortgage with a higher LTV. Your buyer will be obliged to back out of the deal if they are unable to get the mortgage they will need to buy your house.


In the real estate industry, a desktop valuation is a simplified method of property appraisal. A desktop valuation depends on remote data and analysis, as opposed to conventional techniques that include in-person inspections. It swiftly determines a property’s worth by using information that is readily accessible and technology. Although this method is efficient, there are drawbacks. Without an in-person visit, aspects like the state of the property, special features, and recent improvements could not be completely understood.

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