Technology is transforming the property industry, and AI-powered valuations are gaining popularity. But how do they stack up against traditional estate agent appraisals?

How AI valuations work

AI-based valuation tools analyse vast amounts of market data, including recent sales, location trends, and property characteristics, to generate instant value estimates.

The benefits of AI valuations

AI provides quick and data-driven valuations, making it easier for buyers and sellers to get an initial price estimate. These tools can also reduce human bias and improve market transparency.

Limitations of AI valuations

While AI relies on data, it doesn’t account for unique property features, recent renovations, or local market nuances. Estate agents, on the other hand, provide a personalised touch, leveraging experience and in-depth knowledge.

The best approach: AI and human expertise

A hybrid approach – using AI for initial valuations and estate agents for in-depth assessments – offers the most accurate pricing. Sellers should use AI tools as a starting point but rely on professionals for a final valuation.

Want an expert valuation? Contact our team for an in-depth property assessment.

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