A Quick Guide to Property Data Reports
With the modernization of the appraisal process there was been a lot of buzz about the Freddie Mac Property Data Reports. We understand navigating these developments can be confusing, so we’re here to help. This blog post will explain what property data reports are, why they’re helpful, and what information they contain. Let’s dive in! […]
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, […]
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 […]
What is a Real Estate Evaluation & When Can My Lending Institution Use Them?
Updated on 5/30/23 A very common question that lenders have is what real estate evaluations are and when their lending institution can use them. In today’s unique and quickly changing market, real estate evaluations are a trusted third-party opinion of real estate value. However, financial institutions are still worried as to whether such a product […]