With its easy to follow decision tree architecture, Interval guides valuers through all aspects of an assignment including the terms of engagement, the investigation report, the valuation report and the audit trail.
The following deliverables are sourced from a sample hypothetical valuation scenario carried out on Interval.
It entails the valuation of two properties for secured lending for a client in Mongolia.
Whether you are a sole practice valuer, a small dedicated team, or a larger player, we have the ideal solution tailored just for you.
Whether you are a sole practice valuer, a small dedicated team, or a larger player, we have the ideal solution tailored just for you.
We are a small and passionate start-up filled with dedicated entrepreneurs, chartered surveyors, developers and valuation geeks. We have carried the project through with our own very limited resources for the past 30 months. This involved much tears, laughter, achievements, setbacks, frustrations and extraordinary learnings.
This is for any property valuer who is following the IVSC and / or the RICS Red Book. It allows valuers to follow the standards to the letter without needing extensive periods of training for chartered membership, the need to go through the standard books in detail at each assignment and making human errors common with “manual” valuations and adaptations of clumsy word templates. The key advantages of the software are that it allows for valuations to be carried out faster, cheaper, more accurate with fewer human errors and completely to standard than manual template adaptation systems. This is a complete solution that allows a valuer to monitor and carry out the entire valuation and client interaction processes from a single, easy to use platform.
We follow the latest version of the standards at all time. At the moment we are on RedBook, IPMS and IVSC 2020.
While the calculations form a very crucial part of the property valuation assignment, they are worthless if the assumptions underpinning them are not present and clearly explained to the client. The standards are there to promote transparency and understanding between valuer and client and making sure that all valuers follow the same rule book. We follow the standards to the letter in an effort to provide better valuation reports to clients that are clear and well explained with all underlying assumptions and decision making clear and well explained.
We do not guarantee that the estimate of value itself is correct, that part is all down to the skills and expertise of the valuer, we only provide the frameworks to make sure that the valuers follow the applicable standards to the letter. Through the use of the software the valuers will be faced with a series of clear choices on bases of value, approaches, methodology, assumptions etc… All the choices they make will be clearly explained in the valuation report and any significant changes and client communication as well as all additional justifications will be displayed in an automatically generated audit trail.
That’s fine, allowances are made for departures from the standards as long as they are explained and justified properly. The software allows valuers to state any departures or special assumptions that are particular to a market or asset class.
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Welcome to the beta version of Interval, which is currently available for free registration. Please note that this complimentary access will continue until the official commercial release of the product. At present, the system's functionality is limited to providing comparable valuations only.
Please be aware that each application is manually reviewed and approved at the moment. Due to this process, it may take up to 72 hours for you to receive access to the system after submitting your registration