Exploring The Appraisal Of Vacant Land
Vacant land appraisals evaluate undeveloped properties using two primary methods: desk appraisals (remote analysis using aerial imagery, GIS data, and public records) and field appraisals (on-site inspection documenting 15-25 property characteristics). Field appraisals demonstrate 18-22% higher accuracy rates than desk appraisals according to Appraisal Institute studies, with 94% of lenders requiring field appraisals for loans […]