Automated Property Valuation Workflow

Start of the Workflow/Process.

Create a new 'Valuation Request' entry in the Valuation Data Model with property details.

Fetch historical sales data and property tax records from the Property Database.

Retrieve recent 'Sold' listings from the Comps Data Model within a specific radius.

Calculate the average price per square foot from the retrieved comparable properties.

Calculate the Max and Min price trends in the local area from the market data entries.

Create a task for a Field Agent to perform a physical site inspection of the property.

Create a task with a detailed checklist for inspecting structural integrity, interior condition, and amenities.

Update the Valuation Request entry with the notes and photos provided by the Field Inspector.

Execute a formula applying depreciation or premium multipliers to the base market price based on inspection findings.

Update the final estimated value and confidence score in the Valuation Request entry.

Generate a formal PDF Valuation Report based on the aggregated data and inspection notes.

Send an email to the property owner containing the final valuation summary and the generated report.

Send an SMS to the assigned Agent notifying them that the valuation process is closed.

Delete temporary calculation logs or transient session entries used during the valuation process.

End of the Workflow/Process.