Recent statistics in the Brookings report, The Devaluation of Assets in Black Neighbourhoods, have shown that black homeowners often have their properties devalued by 19 – 22% compared to white homeowners. While many may believe that valuations are free of bias, there can be historic factors and underlying issues when it comes to the valuation of properties.
While diversity in the valuation sector is slowly improving, it is of the utmost importance to be aware of any red flags that may lead to unconscious bias in valuations and ensure that any valuations made are taking the quality of the property alone into consideration.
This webinar will cover:
- Common trends in valuation that can cause bias.
- Advice on how you can prevent unconscious bias in your valuations.
- A Q&A with an expert in the area.