Assessment on the Perception of Registered Valuers
Adoption of Automated Method of Valuation (AVM) as a Supplement or Substitute to Traditional Method of Valuation (TVM)
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The study has focused on Traditional Valuation Methods (TVM) and Automated Valuation Method (AVM) as an advanced approach for property valuation more especially for rating purposes by assessing the perception of registered valuers upon its adoption. The study is of more importance to property professionals because its findings will assist in coming up with absolute decisions, on whether to adopt AVM as a substitute or supplement to TVM or not to adopt it at all. The research methods consisted of a wide review of relevant literature on AVM and TVM, coupled with the collection and analysis of em...
The study has focused on Traditional Valuation Methods (TVM) and Automated Valuation Method (AVM) as an advanced approach for property valuation more especially for rating purposes by assessing the perception of registered valuers upon its adoption. The study is of more importance to property professionals because its findings will assist in coming up with absolute decisions, on whether to adopt AVM as a substitute or supplement to TVM or not to adopt it at all. The research methods consisted of a wide review of relevant literature on AVM and TVM, coupled with the collection and analysis of empirical data. Primary data was collected by conducting interviews and through the structured questionnaires which were distributed to registered valuers and officials from Mzuzu City Council.
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