The rise of artificial intelligence (AI) is changing the way property valuation is done. As more banks and lenders rely on AI for property assessments, people are starting to wonder: Will AI take over traditional valuation methods? This article looks at how AI fits into property valuation, especially for simpler assessments, while highlighting the ongoing need for human expertise in more complex situations.

Community schemes and strata schemes are becoming increasingly popular in urban areas. While they may appear similar at first, they have unique characteristics and purposes.

In competitive markets, properties with impending special levies often linger on the market for weeks or even months longer than those without. For instance, a property that typically sells within 30 days may take an additional 45-60 days to find a buyer when special levies are in play. As a seller, being transparent about the levy and demonstrating how the funds will address essential maintenance can help build trust and drive interest in your property.