The Importance of Data
It is all about data. Today, valuation professionals are faced with the proposition of having more data available to them than ever before.
Valuescape understands the importance of data better than virtually anyone else. Why? Because our business is built on aggregating real estate data, building accurate databases, developing powerful analytic solutions, and ensuring that our statistical models provide meaningful and supportable valuations. Encompassing more than 71 million properties and growing, we have invested over $2,000,000 compiling and constructing the most complete real estate valuation related database in the industry. Tapping into this massive data resource, our powered by STAT technology can parse and sift through data using our proprietary Interactive Valuation Modeling (IVM®) products to deliver relevant and supportable information down to the neighborhood level.
As has been the case in all facets of the knowledge-based economy, data standards will be the catalyst for redefining real estate analysis; and we take our role in this development seriously. Valuescape co-founder, Mark Linné, currently chairs the Mortgage Industry Standards Maintenance Organization (MISMO) Commercial Appraisal Workgroup, demonstrating that we don’t just care about data, but are actively participating in the efforts to define and standardize data to the benefit of our profession.
At Valuescape, we believe that data standards will not only change how we present data to our clients — it will propel the accuracy and usability of valuation analysis to levels unimaginable just a few years ago.