Evaluation
The Evaluation, Indexed Valuation Report (IVR) provides an opinion of value for a property by applying an index to the assessed market, or full value of the subject property.
The indexes are formulated by analyzing sales of properties by geographic area (county) and property type on a quarterly, nationwide basis.
The IVR includes a description of the subject property from public records, the assessed value, and indexed value. Ordering and retrieval of this product is via a secure website hosted by First American.
These reports are completed within 4 to 24 hours, eliminating the need for time-consuming, costly traditional appraisals. Order the IVR with insurance and the value opinion will be insured for up to seven years, to a maximum value of $5,000,000.
