Last updated 10 months ago
This step-by-step guide walks you through the process of conducting your first valuation using the comparables approach or comparables method in InterVal. Follow these steps to ensure a smooth and efficient valuation process.
1 - Create Your First Assignment: Organize your Terms of Engagement (ToEs) and valuation projects.
2 - Learn How to Manage Your ToEs: Learn to create, edit, and track your ToEs.
3 - Create Your First ToE: Complete the tabs for 'general information', 'target properties', 'conflicts of interest', 'disclosures', 'delivery', and 'payment details'.
4 - Discover the Valuation Dashboard: Access key features and monitor your valuation projects.
5 - Mandatory First Steps of a Valuation: Record signed contracts..
6 - Prepare the Logistics of Your Inspection: Schedule and plan your property inspection.
7 - Conduct Your Inspection: Document findings and take photos.
8 - Define the Most Relevant Landmarks: Identify significant nearby landmarks.
9 - Carry On the Comparable Valuation: Select comparable properties and make adjustments.
10 - Design Your Reports: Customize the layout and presentation of your reports.
11 - Define Your Valuation Outputs: Include value conclusions, supporting data, and analysis in reports.
12 - Create an Amendment: Update the original ToE as needed.
13 - Manage Payments: Track and process payments for services.
14 - Manage & Publish Your Audit Trail: Maintain and share a clear audit trail of activities.
15 - Discover the Online Repository: Securely share files, images and multimedia with clients.
16 - How to Complete a Project: Finalize and close out the valuation project.