This article covers property valuations in Class including:

1. Property Valuations screen
2. Manual property valuations

Property Valuation Screen

Navigate to Fund Level > Investments > Browse Holding Accounts > Select the Property you wish to revalue, by selecting the Holding Account > Property Valuations

1. Effective Date: This is the date the valuation should apply to
2. Request Date: This is the date when the valuation was obtained or sourced
3. Estimated Valuation: The estimated value of the property valuation
4. Type: The type of value obtained including
   
   • Automated Valuation Estimated: Obtained from one of the integrated providers RP Data or PropTrack
   • Manual valuations: A valuation sourced externally from Class
   • Unknown: the valuation has not been updated
5. Source: This is where the property valuation was obtained from
   • One of the automated valuation providers: RP Data or PropTrack
   • The source you entered when you update the valuation manually
   • None: the valuation has not been updated
6. Status: The status of the valuation, this can be
   • "Approved" when the valuation is approved
   • "Pending" if the valuation is yet to be approved
   • "Rejected" if the valuation is rejected
   • "In Progress" if the manual valuation is yet to be approved
   • "None" if the valuation hasn't been updated
7. Supporting Document: The document pertaining to the valuation. You can click on 'Download' to view the document.
8. Action: Actions can be taken for a property valuation
   • "Edit" to update a new manual valuation
   • "Approve/Reject" to either approve or reject an automated valuation
   • "Edit/Delete" to either edit or delete an existing manual valuation

Manual valuations

This section will guide you through the process of entering a manual property valuation that hasn't been sourced directly though Class.

Navigate to Fund Level > Investments > Browse Holding Accounts > Select the Property you wish to revalue, by selecting the Holding Account > Property Valuations

1. Click New
2. Enter the following details
   1. Source: This is where the property valuation was obtained from
   2. Status: The status of the valuation, this can either be "Approved" or "In Progress" if the valuation is yet to be approved
   3. Estimated valuation: This is the total amount of property valuation
   4. Effective Date: This is the Date from which you wish to use the valuation amount obtained
   5. Request Date: This is the date when the valuation was obtained or sourced
   6. Type: Use the drop-down to select the valuation type that reflects the type of value obtained
   7. Reference: Optional field, you can enter a reference of where the valuation was sourced from
   8. Note: Optional field, you can enter associated note for the valuation
   9. Add Document: Optional, you can upload documents pertaining to the valuation obtained by clicking Add Document
      
      
      
      
3.  Click Save or Approve
   

What's Next?

Learn about how to request Automated valuation Estimates for Property