Property intelligence data and platforms can be used remotely to assess, study and understand property attributes by real estate stakeholders, financial institutions, and other insurance companies. Did you know that property intelligence can usher companies in precisely assessing property valuation and risk? This blog sheds light on property intelligence, how it is helping in the measurement of valuation and risk, and in making quick, accurate decisions. There are the latest tools that allow users to access and utilize property information to make informed property decisions.
What is property intelligence?
Before we dive deeper into the usage of property intelligence, let us first get to know a little more about property intelligence. Property intelligence is nothing but actionable analytics and information about a single property or a set of properties. This modern property information is obtained from geospatial data, building or property records, and other metadata. All these data are made available only on-demand and are analyzed using Machine Learning (ML).
Modern property intelligence can be used in the deep analysis of the building. Also, it gets updated periodically and can be aggregated for analyzing the current trend. The information gained from the analysis includes property information like a parcel and building size, property type, how it is constructed, the condition of the building, record of previous sales, permit history, occupancy, the vulnerability of the building, risk of weather, and neighborhood characteristics. All these data significantly impact the risk or value of the property.
Property intelligence can also be used to gain valuable insigh
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