For a well-functioning real estate market, it is important to value your real estate in the most straightforward and transparent way possible. AVM (Automatic Valuation Model) is applied in various situations with different goals and therefore requires different methods.
AVM (Automatic Valuation Model)
Ortec Finance has been providing objective and reliable AVM for over 25 years for WOZ objects, vacant objects and the market value of rented objects. We also provide comprehensive information on the development of prices at municipal, neighbourhood, and zip code level and for various home types.
In the Netherlands, over 70 municipalities with approximately 2 million objects, as well as all large valuation institutions and mortgage providers, commercial real estate investors, and housing associations rely on our services.
Why Municipalities choose Ortec Finance
- A perfectly integrated and complete solution for AVM
- Proven solutions (widely used, reliable, good performance, certified)
- Our customer-oriented and knowledgeable staff
- Continuous improvement of our solutions through ongoing research
- Financial forecasts as well as insight into financial risks
A few of our customers
Contact
Steven Veeger
Business DeveloperRelated Insights
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09 May 2022Ortec Finance on tour to meet students this weekThis week Ortec Finance visits Delft and Groningen to meet students and show our career opportunities on May 10, 11 and 12.
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28 March 2022Microsoft publishes a client story about Ortec FinanceMicrosoft describes on their website how Ortec Finance created a ‘batteries included’ cloud-native platform on Azure Red Hat OpenShift.
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28 February 2022Ortec Finance 2021 Customer Satisfaction Survey shows very high scoresAt Ortec Finance, as part of the processes that we have in place to better understand what our clients think of us, our products, and our services, we conduct an annual customer satisfaction survey in the months of October and November. We are proud to announce that the survey shows very high scores for the fourth year in a row!
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16 February 2022Baby Booms and Asset Booms: Demographic Change and the Housing MarketHow do changes in the age structure of the population impact housing markets? This paper uses centuries of data to show that demographic changes are a key determinant of house prices.
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04 October 2021Modeling unobserved heterogeneity in hedonic price modelsThis paper studies unobserved heterogeneity in hedonic price models, arising from missing property and locational characteristics.
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13 September 2021Precision in a Seller’s Market: Round Asking Prices Lead to Higher Counteroffers and Selling PricesThis paper proposes that the advice is useful, but only in a buyer’s market, in which buyers counter below the asking price. In a seller’s market, in which buyers counter above the asking price, sellers who wish to receive high counteroffers and sell for high prices should set round asking prices.
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07 September 2021Ortec Finance COO Martijn Vos in CIO’s top 20 global most influential knowledge brokersEach year, CIO asks a varied group of respected chief investment officers and allocators which consultants and advisors have “done right by them” for the current markets.
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06 September 2021Buyers in Amsterdam take limited account of ground lease paymentsOwners of homes on leasehold land owned by the municipality of Amsterdam pay the municipality a fee.
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19 August 2021Out-of-Sample House Price Prediction by Hedonic Price Models and Machine Learning AlgorithmsIn an illiquid market like the real estate market, market values are not readily available. Transactions are scarce and do not always reflect market value. As a consequence, appraisal values play an important role to inform agents in decision making, financial reporting and for property taxes.