How Often Should I Get a Property Valuation?
How frequently you may need a property valuation report depends on the type of property. In general, here are some property valuation guidelines. Residential: Every 1-3 years Commercial: Every 1-2 years Agricultural: Every 1-5 years, depending on the nature of the property However, if you’re actively buying, selling, refinancing, or going through any type of […]
Understanding Your Real Estate Valuation Options
When you think of a real estate appraisal, what words come to mind? “Time consuming” and “expensive” are likely toward the top of the list for many. Appraisals can take a long time — 3+ weeks in many cases. This isn’t ideal in many situations where time is often of the essence, such as during […]
How to Determine Fair Market Value of Farmland: A Comprehensive Guide
Imagine standing on a vast expanse of fertile soil, the sun rising over rolling fields as a gentle breeze carries the scent of earth and crops. This is not just land; it’s a living, breathing asset with the potential to feed communities, sustain livelihoods, and grow wealth. But how do you determine the value of […]
Land Appraisals: What You Need to Know
Land appraisals are complex. They involve evaluating various factors and applying specific valuation methods to arrive at a fair market value. With so many things to consider, it’s no wonder the Akrivis team often encounters questions about how appraisers value land, which methods they use, and various other requirements. To help you better understand what […]
What is a Reconsideration of Value (ROV)?
When it comes to real estate transactions, a lot rides on the value of a property. Whether you’re a buyer, seller, or mortgage lender, understanding the true value of a property is paramount. What happens when you believe the appraisal of a property is inaccurate or unfair? This is where a Reconsideration of Value (ROV) […]