2023 Appraisal Industry Benchmark Report
Valcre gets it. This is the most difficult year in over a decade and as the leader in appraisal software in the CRE market we can help you maximize your revenue by delivering powerful processes, completely reliable datasets, and ultimately decrease turnaround times.
Valcre’s first edition of the 2023 Appraisal Industry Benchmark Report reveals top market trends, critical operating metrics, and perspectives from top appraisers.
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Key takeaways from the report
💡 Adopting technology is the top strategic initiative
⚡ Inconsistencies and inefficiencies are primary pain points, and the top areas tech will solve
🔎 Data collection and verification is the most time-consuming task
⏱️ Increasing technology adoption will have the most significant market impact
Survey results
Strategic initiatives
What strategic initiatives has your firm implemented to stay ahead in the commercial appraisal industry?
More than 93% of firms surveyed have actively implemented strategic initiatives to stay ahead, of which 59% related to technology adoption.
Primary pain points
What are the primary pain points or challenges your firm faces in delivering consistent high-quality appraisal services?
Technology predictions
How do you see technology shaping the future of appraisal services?
Time-consuming tasks
What areas of the appraisal process do you find to be most time-consuming?
Market predictions
What predictions or forecasts do you have for the appraisal industry’s future regarding market trends, client expectations, or technological advancements?
Conclusion
We would like to express our gratitude to our Valcre users and industry professionals who have contributed to the creation of this report. Your insights and collaboration have been invaluable, and we look forward to seeing what the future holds.