Accurate Appraisals provides four types of appraisals:
Fair Market Value (“FMV”):
A professional opinion of the estimated amount, expressed in terms of money, that may reasonably be expected for property in an exchange between a willing buyer and a willing seller, with equity in both, neither under any compulsion to buy or sell, and both fully aware of all relevant facts, as of a specific date.
Orderly Liquidation Value (“OLV”):
A professional opinion of the estimated gross amount, expressed in terms of money that could typically be realized from a liquidation sale, given a reasonable period of time to find a purchaser with the seller being compelled to sell on an as-is/where is basis as of a specific date.
Forced Sale Value (“FSV”):
A professional opinion of the estimated gross amount, expresses in terms of cash in Canadian dollars, that the assets could typically realize at a properly advertised and conducted public auction/liquidation sale, held under forced sale conditions and under present day economic trends.
Replacement Cost Value(“RCV”)
A professional opinion of the estimated amount, expressed in terms of cash in Canadian Dollars of the current cost of reproduction or replacement, less an adjustment for physical deterioration and all relevant forms of obsolescence and optimization.