technology in appraisal

Technology in appraisal refers to using digital tools and software to assess the value of property or assets more accurately and efficiently. This includes computer programs that analyze market data, geographic information systems (GIS), and online databases. These tools help appraisers gather and process information faster, reduce human error, and improve consistency in valuations. Essentially, technology enhances the appraisal process by leveraging data and automation to provide precise, reliable, and timely property valuations, supporting better decision-making for buyers, sellers, lenders, and investors.