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 […]
What Is A Hybrid Appraisal
A hybrid appraisal is a real estate valuation approach that combines aspects of both traditional appraisals and automated valuation models (AVMs). In a hybrid appraisal, a third party inspector typically conducts an full interior and/or exterior inspection of the property to assess its condition and surroundings. They then use digital tools and data sources, such […]
The Quick Real Estate Valuation Glossary
A lot of lingo is thrown around in the real estate and financial markets that can sometimes be confusing. And our team of experts is here to help share their knowledge. We’ve compiled a glossary of real estate valuation terms that are important for lenders, fiduciaries, attorneys, and property owners who are trying to understand […]
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) […]
How to Increase the Value of Commercial Property
Investing in commercial real estate can be a lucrative venture, but maximizing the value of your commercial property requires a strategic approach. Whether you own an office building, retail space, or industrial facility, you can implement several key strategies to add value to your commercial property value. This article will explore these strategies in detail […]
Retrospective Appraisal: What You Need to Know
When it comes to valuing real estate, we often think about the current market conditions and the potential for future appreciation. However, there are times when understanding the historical value of a property becomes just as important. This is where a retrospective appraisal comes into play. In this blog post, we’ll explore what a retrospective […]
How Do You Determine Fair Market Value Of Commercial Property?
Before diving into determining a commercial property’s fair market value, we have to define what fair market value is. Fair market value is the estimated price at which a property or asset would sell for in an open market. It’s not a fixed or absolute number; it can fluctuate based on market conditions, economic factors, […]
Exploring Common Commercial Real Estate Valuation Models
Updated May 2, 2024 When it comes to commercial real estate, accurate real estate valuation is essential for making informed investment decisions, securing financing, or analyzing the value of a property for various purposes. Commercial real estate valuation involves analyzing the value of a property based on several factors, such as location, size, income potential, […]
Real Estate Evaluations vs. Automated Value Models
Real estate evaluations and automated value models (AVM) are two popular methods used to estimate property values. Real estate evaluations involve real estate professionals conducting a thorough valuation of your property, considering various factors and applying professional judgment. On the other hand, AVMs employ algorithms to generate an estimated property value. Let’s explore the difference […]