What we used to do:
- Use Zoopla’s Zed-Index to determine regional growth and regional decline.
- Combine this with RICs approved partner surveyor, which would value each individual property once, before we secured it.
- Research market comparables, the local area and projected growth.
What we do now:
- Upgrade our method to provide a more localised, accurate projection.
- Attain valuations through Spicerhaart for each individual asset, every 6 months.
- Continue to research market comparables, the local area and projected growth.
Why have we made these changes?
- Zoopla’s Zed-Index is a fair representation of regional growth and regional decline, however, it lacks specificity and is calculated by an algorithm based on estimations.
- We no longer believe a single valuation is enough to provide an accurate projection, and due to the difference in cost, Spicerhaart will enable us to provide a valuation of each individual asset every 6 months. This will hopefully highlight the potential of each individual asset more frequently, especially in the face of market changes.
- We believe RICs to be slightly too specialised in mortgage valuations to be able to provide a sound valuation of a crowdfunded asset.
- We believe at the rate at which we are growing, more localised, frequent and accurate property valuations is the next step forward.
- We believe that Spicerhaart’s panel of valuers will use their combined experience, expertise and extensive local knowledge to match our high standards.
- We want to give our investors a greater insight into the potential benefits of each individual investment opportunity, thus allowing investors to make more informed decisions.
- Our profits are tied to yours. We believe it is in both our interest and yours to conduct extensive research into a property’s potential, and ensure we are doing it in the best way possible.
It must be remembered however, that the real value of a property is the price that someone will pay for it when we come to exit. Our valuations are no guarantee of a property price, and your own due diligence should be conducted. That said, because our profit is tied to yours, we only list the very best opportunities that we find.
Written by Jenna Kamal
Disclaimer and Legal
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
