Appraisal Builder is part of Alto Skills, the AI tools built directly into Alto that take on the time-consuming agency jobs you'd normally do yourself.
Appraisal Builder writes your market appraisal report for you, for both sales and lettings. Instead of building the report from scratch after every appraisal, Appraisal Builder drafts it in your branch's voice, complete with comparables, so you can check it and get it to the owner while you're still front of mind.
Note
Appraisal Builder is in early release and is currently available to a limited group of agencies. We're actively developing the skill, so you'll see improvements to report quality, speed and features over the coming months. Join the waitlist to be notified when it becomes available to your agency
What can Appraisal Builder do?
Appraisal Builder helps you win more instructions by getting a polished report to the owner faster. It can:
- Draft the full market appraisal report from the details already held in Alto
- Select comparables matched by property type, size, location and how recently they sold
- Write the report in your branch's voice and produce it as a branded .pdf
- Add useful local information for the owner, such as nearby planning applications, schools, flood risk and broadband
- List anything it couldn't find, such as a missing appraisal figure, so you know what to check
- Prepare the report for you to review and edit before you download it to print or send to the owner
- Work across both sales and lettings appraisals
How does Appraisal Builder work?
After your market appraisal, ask Appraisal Builder to draft the report. Name the property in your request, and Appraisal Builder gathers the evidence from Alto.
- Click Skills on the main navigation bar
- Click Appraisal Builder from the list of available skills
- Ask Appraisal Builder to build the appraisal, naming the property
- Review the comparables it proposes
- Accept the comparables, or ask for changes in the chat
- Choose the stationery to use for the report
- Read the caveats, which list anything Appraisal Builder couldn't find or apply
- Click Download PDF
- Check the report before it goes to the owner
Note
A missing appraisal figure is fine, and the report flags it as a caveat. To include one, add it to the appraisal in Alto, or give a figure or price band in the chat
Example requests
- "Build me an appraisal for 15 Churchill Road"
- "Which comparables would you use for this property?"
- "Swap the second comparable for something sold more recently"
- "Make the summary shorter and more direct"
Best practice
For best results, make sure the property record is up to date before you start, including the property type, bedrooms and your valuation. The more Alto knows about the property, the better the draft
FAQs
- Is Appraisal Builder available to everyone?
Not yet. Appraisal Builder is in early release with a limited group of agencies while we gather feedback and improve the skill. We'll open it up more widely in phases. Join the waitlist to be notified when it becomes available to your agency.
- Does Appraisal Builder cost extra?
No. Appraisal Builder is currently included in your Alto subscription.
- Will it suggest a valuation or asking price?
No. Appraisal Builder gathers the evidence and writes the report, and you set the price. The only price it states is the one already on the appraisal in Alto, or one you give it in the chat.
- What's in the report?
The property details and your appraisal, a map, the comparables, similar properties on the market nearby, local planning applications, local schools, useful facts such as flood risk and broadband, and next steps. Every report names its sources and ends with a note that it's an opinion of value for marketing purposes, not a formal valuation, a survey or financial advice.
- Where do the comparables come from?
Comparables are selected by property type, size, location and how recently they sold. They're based on data from HM Land Registry, your branch's own records in Alto, and other agents' listings from public property data. Listings are shown as asking prices rather than sold prices. You can review and change the comparables before you send the report.
- Where does the report's branding come from?
You choose from your branch's letter stationery in Alto, with the default marked. If your branch has none, the report uses a simpler layout with your branch logo, if there is one.
- How does it know our branch's voice?
It uses the voice set up for your branch in Message Writer. If your branch hasn't set one up, it writes in a standard tone.
- What if the draft isn't right?
Edit it before you send it, and tell us what you changed using feedback in the app. Your feedback during early release directly shapes how the skill improves.
- Can I edit the draft?
Yes. You can edit anything in the draft yourself, or ask Appraisal Builder to change it for you.
- Will it send the report to the owner for me?
Not yet. For now, you can download the report as a .pdf to print or send.
- Can I use it on mobile, for example while I'm at the property?
Yes. Open it from the Alto main navigation bar on your mobile device.
- Does it work for lettings appraisals?
Yes. Appraisal Builder drafts reports for both sales and lettings.
- Does the report include our lettings or management services?
No. The report focuses on the appraisal itself. Promoting additional services, such as lettings management, isn't included in the report today.
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