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 […]
A Quick Guide to Property Data Collection
In the realm of real estate, the foundation of informed decision-making lies in accurate property data. Enter Property Data Collection (PDC) — the systematic process of observing and reporting property characteristics in a fact-based manner. Let’s explore the intricacies of PDC, its significance, key requirements, and why it matters in the world of real estate. […]
Sales Comparison Approach Real Estate Evaluation Process
When writing an evaluation report, there are three main approaches that a report writer can perform to derive the value of a property. The most common of these is the sales comparison approach. This approach is performed by finding three comparable sales to a subject property. Understanding the Sales Comparison Approach The sales comparison approach […]
Modern Appraisal Methods: How the Game is Changing
In the dynamic landscape of real estate, the traditional methods of property appraisals are undergoing a significant transformation. This appraisal evolution is driven by the integration of cutting-edge technologies such as machine learning algorithms, artificial intelligence, and automated valuation models (AVMs). Let’s look at how appraisal modernization has evolved from on-site visits to today’s technology-driven […]
What Is a Drive-By Appraisal?
When it comes to lending practices, institutions have many options to choose from to mitigate risk and find property values. A Standard Uniform Appraisal Report is not necessary with every property purchase. One alternative to the conventional appraisal report is an exterior appraisal – most known as a drive-by appraisal. A drive-by appraisal, true to […]
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 […]
The Impact of Interest Rates and the Housing Market
In the dynamic world of real estate, various factors contribute to the fluctuations in home prices. Among these factors, interest rates play a crucial role in shaping the housing market. In 2023, we have observed a notable change; while the housing market hasn’t receded, home price increases have certainly slowed down. In this blog post, […]
Real Estate Market Update 2023
The state of the real estate market in 2023 is a hot topic of discussion. In this comprehensive update, we’ll dive into current conditions and the factors shaping the market. If you’re considering buying or selling a property this year, read on to get a clear picture of what to expect. Current Market Conditions Mortgage […]
What to Expect When Working with Akrivis Real Estate Valuation Services
Whether buying or selling a property, settling a loved one’s estate, or going through a divorce, people often need real estate valuations at some of their most sensitive and emotional times. No matter what life stage or event you’re going through, we want you to feel 100% confident that you’re working with a great team […]