We offer our clients two different types of value reconciliation products:
- Long-form limited reconciled valuation (LVR) gives you a comprehensive look at a property with two or more existing value opinions, presented in a grid and narrative formats.
- Short-form narrative reconciled valuation (SVR) provides a narrative report reconciling two or more value opinions on a property.
When being faced with differing valuations for one property, PCV Murcor’s value reconciliation process can help you achieve more accurate and consistent valuations. Different appraisers and brokers — and different valuation approaches — can often lead to disparities in the assessed value of property. Having contradicting data can confuse your reporting and make it difficult for you to make critical decisions on assets.
Based on a number of factors, a PCV Murcor value reconciliation can provide a more objective assessment of a property. Including market conditions, property conditions and repairs, sales and listing data.
The reconciliation process involves determining the overall accuracy of the original appraisals, checking the recommended repairs for consistency and determining as-is and as-repaired values that are congruous with both reports.