Zone Data Systems is a collaboration of two hundred thirty nine appraisal offices representing hundreds of appraisers across the United States. Each of the member offices has invested in the Valytics valuation technology developed by Zaio incorporated, a Canadian company for which the ZDS has the exclusive U.S. licensing rights. The technology employed by the ZDS in developing and reporting values on an extremely large number of properties is based on regional responsibility of its appraisers who have the responsibility for becoming the expert in their owned or assigned zones.
ZDS is the largest national appraisal company in terms of our partner and zone appraiser count. We already cover a large percentage of major metropolitan areas and will be expanding in all the major market areas in the near future. Our exclusive Valytics technology provides us the ability to correctly model market conditions into track residential real estate values on an extremely large scale in any different point in time.
The Valuation Research employed has been independently tested for its accuracy and is organized into one concise database. This database can provide retrospective appraisal values, current appraised values, provide the ability to map value trends and form the basis developing reflective exhibits such as GIS base data maps. ZDS can generate individual appraisal reports already pre-researched by professional appraisers. The technology supports a very accurate market modeling supported by local, professional appraisers working in familiar geographic areas.
One of the more recent developments of the Valytics technology is a subscription based product termed portfolio viewer and represents the peak of the cascade of possible products. Portfolio viewer provides the ability to address and monitor a selected inventory providing current value opinion, total value of a given portfolio and value trends. A value summary may also be added. This top of the line portfolio viewer provides the opportunity to download a number of variations of former ports developed from the database.
The valuation technology can be employed to isolated variable such as waterfront properties and compare them to similar properties that do not have water views. Values from coastal areas that have other economic factors can similarly be compared. ZDS can also provide comparisons overtime within specific areas.
Parallel forecasting can be applied for impacted versus not impacted control markets to establish a longer term projections as to value catch up or not.
Using Valytics technology homes can be grouped by common elements, location, size, style, etc. All sales within the market are reviewed and modeled within the database using GeoScoring, subject properties can be properly valued in comparison to existing known competitive sales. The GeoScore is the sum of values that each zone appraiser applies to each critical element with five as an average rating, each component of value can be raided and the totals will determine the relative ranking of each comparable home. The contributory value of each component results in an opinion of value that mirrors the ranking.
A subject property can be GeoScored in its rank will position the property within the overall market group. People have credit scores, now real estate has GeoScores. The homes are scored based on the above illustrated key attributes.
The Next Generation In Real Estate Appraisals
