Automated Valuation Report

Eriks Draiska
Published on July 10, 2017

Automated Valuation Report

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What’s an Automated Valuation Report?

The Automated Valuation Report is a Computer Generated Report from RP Data.

It is not intended to replace a Real Estate Agents’ Appraisal or a Valuation from a Licenced Valuer.

You’ll find how to read the valuation report below.

Many Major Banks use them for Over-the-Desk Valuations for Purchasers.

They have credibility… yet, we’ve found these computerized Reports can vary as much as 20% from real worth!

They are based on automated computer modelling from public records.

** If you have not already arranged one, you can get your own Automated Valuation Report here. **

Humans V’s Robots!

They’re a great place to start… however, they may not represent the true value of your home.

Sometimes they are too low and at other times too high.

They don’t see everything the ‘Human Factor’ does, compared to the ‘Robot’ version.

Even the Banks and Finance companies usually follow these up with a ‘Paid Valuation’ by a Certified, Licenced Valuer.

If you’d like a better idea of your homes’ worth.

You Won’t Need to Outlay Cash for a Valuer!

That’s Where We Can Help You…

If you’d like an up-to-date Appraisal, just pick up your phone and call 83961100 now or book a no-obligation Consultation.

Appraisal V’s Valuation

Simply a Valuer provides a Sworn Property Valuation which could be relied upon in court.

They have to base their report on facts as they are legally responsible for the information they provide.

Severe penalties apply if the Valuer attempts to mislead.

An appraisal however is the real estate agents’ opinion of your property value.

They base their appraisals on other sales and factors in the area as well as their experience.

You can find more details at our Q&A page.

The Automated Valuation Report

Cover Page – Automated Valuation Report

Describes the Property Address, Property Image and Date.

Page 2 – Automated Valuation Report

This is where you find the Estimated Valuation as well as an Estimated Price Range

The FSD is Forecast Standard Deviation of + or – % figure (An FSD of 10% or less is reasonable)

The Property Attributes include How many Bedrooms, Bathrooms and Parking as well as Land Area
Consideration is given to Year Built, Floor Area (Building size)
Condition of the property is usually left as Average
Property Type and Land Use is either for a House or a Unit

Also included are Property Image, Birds Eye View (Aerial view) and Site/ Lot Plan.

Page 3 – Automated Valuation Report

Included properties deemed to be Comparable to the subject property,

These are used in the Computer generated calculations to determine the Estimated Valuation and Range.

Page 4 – Automated Valuation Report

Statistical Information Tables
Median Price for Houses & Units in the Current Year
Past Sales – Houses How many Houses have Sold for the Last 10 Years
Past Sales – Units How many Units have Sold for the Last 10 Years
Capital Growth How Much % Houses and Units have grown (+) or (-) over the previous 4 years
Sales by Price The Volume of Sales for Houses and Units in Various Price Ranges

Page 5 – Automated Valuation Report

Contact details and Disclaimer information for the Automated Valuation Report
It should not be relied upon in lieu of appropriate Professional Advice

*Please note Your report may have a slightly different look depending on when it was ordered

You can arrange your own Automated Valuation Report here

But, If You Would Prefer a Professional Up-to-date Appraisal, Just Call 08 83961100 Or Schedule a Call.

Got questions? Email admin@plazarealestate.com.au

To find out more, you’re welcome to call 08 83961100 to arrange a chat with people that care.
Alternatively, Book a Free Consultation or Get Your Home Value Here. We’ll Guide You Home!
Feel free to browse the rest of our Blog for more tips tricks and helpful info you can use.
Not sure of some of the terms & meanings used? Check our comprehensive GlossaryAbbreviations and FAQ’s!
P.S. If you are part of a Club, Group, School or Organisation and need someone to ‘Speak about Real Estate & Property’, You’re Welcome to ask or Click Here. For Sponsorship, Click Here.
Want to read in Another Language? Go to our Home page & Scroll to the bottom and choose Translation.
Want Proof of our ability? Check Client References.

Your Home SOLD in 90 Days or Less or We SELL it for FREE!
Our FEES are Less than Your First Price Reduction with the Wrong Agent.

Thanks for reading
What else would YOU like to know about? What would make a great story?
Do you have any specific questions or advice on buying, selling, renting or investing? Real Estate trends? Local, interstate international? Info on the buying or selling process? How to sell or buy? What NOT to do?
What can you TELL us about?
Your neighbourhood – What do you love? Shops, Parks for families, pets, to relax? Restaurants, pubs, hotels, places to go, things to do? Anything else at all? Share Your Own Real Estate, Property, Wisdom & Experiences… The Good, The Bad or The Ugly? What have you learned that other people should know?
Know someone who needs help?
You can
 REFER them here.
Whatever Topic or Suggestion you have… email us at
 admin@plazarealestate.com.au or call 08 83961100. We’d love to hear about your ideas.
Like most things in life, these are recommendations only. It is not legal advice, it may or may not suit your own circumstances and you may need to make your own additional enquiries.
Regards Eriks & Team 
Plaza Real Estate 

Thank you, talk soon!
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