Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

In the Age of Smart TVs, Smart Phones and Smart Homes, We are Advancing Toward a Smarter Appraisal Process

Michele Kauffman • 6/5/2019
It seems everywhere you turn there’s a new startup, smart technology or Proptech innovation that claims it will revolutionize the valuation and appraisal process in the multifamily housing sector.

Advancing Toward a Smarter Appraisal Process in Multifamily

To be sure, we’ve come a long way over the past several years in automating public data consumption and comparable databasing that support timely, smart opinions of value.

At Cushman & Wakefield, we are investing heavily in technology to make sure all of our valuation experts have the necessary data at their fingertips to analyze, project risk and provide opinions of value in the most efficient way. In 2018, our Valuation & Advisory team valued $170 billion in multifamily assets.

Advances in technology, or Proptech, make underwriting, appraising, valuation and loan processing in the multifamily sector quicker, and quite frankly better, if harnessed properly. Our philosophy is simple: The more data we have behind our people, the more value they can add for our clients.

Our focus is to enable our 100+ multifamily valuation experts in key markets across the country. Using their experience and market knowledge, we’re moving towards a more efficient engagement and reporting process with our clients.

In a nutshell, we want our appraisers spending less time gathering the data and more time analyzing the data.

That’s important because the average tenure of our appraisers is 18 years, so they’ve been through two, and sometimes three, real estate cycles. Nearly 40% of them are designated MAI. That’s wisdom that can’t be replicated in an app or automated system.

At the end of the day, multifamily appraisal and valuation is becoming more commoditized. But what separates the best from the rest is a strong foundation of human talent that is backed by the data and technology.

As we speed toward automation and change in the sector, one thing will always remain irreplaceable: our people and their insightful approach to value.

Related Insights

Card Image --Ocala-Scorecard
Article • Industrial

Ocala Industrial Scorecard Q4 2021

The next logistics frontier - Ocala, Florida

Chris Owen • 1/24/2022
GWS---5-Fast-Facts-St-Pete_Card-Image
Article • Office

Five Fast Office Facts St. Petersburg

What you need to know in today's St. Petersburg commercial real estate (CRE) office market.
Chris Owen • 1/18/2022
5-Fast-Facts_GWS-Graphics3 - Card Image
Article • Office

Five Fast Office Facts South Florida

What You Need to Know in Today's South Florida CRE Office Market
Chris Owen • 1/15/2022

Ready to talk?

Our professionals are ready to provide further details on this and many other topics.

Cushman & Wakefield uses cookies to analyze traffic and offer our customers the best experience on this website. Close this dialog to confirm your consent, or visit this page to learn more:
Cookie Notice

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
AGREE ALL
REJECT ALL
SAVE SETTINGS