Eminent Domain & the Role of Real Estate Valuations
As a homeowner, the idea of losing your property to eminent domain can be unsettling. Many property owners are left wondering if the compensation they receive is truly fair—or if they have any options to fight the process. In this blog, we’ll explore the ins and outs of eminent domain and why an independent real […]
What to Expect for Real Estate in 2025
Looking ahead to 2025, a mix of evolving economic factors, shifting demographics, and changing consumer behaviors will continue to define the real estate market. Let’s explore key 2025 real estate trends to watch and what you can expect in the housing market over the next year. Rising Home Sales The housing market will stay […]
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 […]
Benefits of Putting a House in a Trust
As you consider long-term estate planning, understanding the benefits of putting your house in a trust is essential. A trust can provide peace of mind, protect your assets, and simplify the property ownership transition to beneficiaries. Let’s break down how a trust works and why it’s important. What Is a Trust and How Does It […]
Date of Death and Alternate Valuation Date: What to Know
Dealing with the loss of a loved one is never easy. On top of the emotional toll, there are many financial and legal matters to sort out. Knowing your options can help ease the burden during a tough time. One major part of settling an estate is figuring out how much your loved one’s property […]
Valuing Property in a Divorce: What to Know
Divorce is an emotional and challenging time, often marked by difficult decisions and complex negotiations. One of the most significant assets to address is your family home or other real estate properties and investments. These assets carry not only significant financial value but also deep emotional ties, making the valuation process a critical—and often contentious—aspect […]
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 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 […]