Knowing what a house is really worth is the first step to avoiding a mistake when you buy. Until recently, working out the value of a home depended on expensive valuations or gut feeling. Today, Big Data and Artificial Intelligence have changed the rules of the game.
The end of the traditional valuation done 'by eye'
Traditional property portals tend to inflate prices based on sellers' expectations (the listing price). To calculate the real closing value (the price at which deals are actually signed before the notary), it is essential to rely on algorithms that analyse real transactions (comparables), hyperlocal trends and the condition of the property.
Key factors in algorithmic valuation
- Recent comparables: Sales of similar flats in the same area.
- Physical features: Floor, lift, orientation, state of renovation, year of the building, terrace.
- Liquidity of the area: How long similar flats take to sell (if liquidity is low, the market value falls).
- Charges and expected return: If the property needs renovation or is up for auction, how that affects the final ROI.
How to do it in 3 clicks
You no longer have to compile Excel spreadsheets for weeks. Advanced tools do that work in real time, assessing whether a flat's asking price or the winning bid at an auction is a genuine bargain or a death trap in disguise.
Avoid overpaying: Use the algorithmic valuation tool built into RadarPro to find out the hyperlocal market value of any opportunity instantly.
Buy with data, not gut feeling
RadarPro combines algorithmic calculations and artificial intelligence to analyse the market and spot the best property opportunities.
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