Appraisal Services
Our services include real estate appraisals and evaluations of all commercial property types. Our broad client base consists of lenders, institutional and individual property owners.
Do I need an appraisal?
The intended use of an appraisal may be necessary for many reasons.
- To facilitate the transfer of ownership of real property
- To help prospective sellers determine acceptable selling prices or prospective buyers decide on offering prices
- To establish a basis for the exchange or reorganization of real property or for merging the ownership of multiple properties Many appraisal assignments relate to financing and credit
- To assist the underwriter in establishing a value of security for a mortgage loan
- To provide an investor with a sound basis for the purchase of real estate mortgages, bonds or other types of securities
What is included in a commercial appraisal?
The most common type of appraisal assignment is the development of an opinion of market value. With our specialized training and experience, we can provide a wide range of additional appraisal services from investment consultation to advice on various business as well as personal financial decisions.
The Valuation Process
Although characteristics of properties differ widely, all appraisal problems can be solved through the systematic application of the valuation process. In the valuation process the problem is identified, the work necessary to solve the problem is planned and relevant data is collected, verified and analyzed to form an opinion of value. The valuation process is accomplished by following specific steps, the number of which depends on the nature of the appraisal assignment and the data available to complete it. In all cases, however, the valuation process provides the model to be followed in performing market research and data analysis, in applying appraisal techniques and in integrating the results of these analytic activities into an opinion of value.
Our appraisals comply with the Uniform Standards of Professional Appraisal Practice (USPAP). Standards for the appraisal profession are set forth in the Uniform Standards of Professional Appraisal Practice (USPAP) developed by the Appraisal Standards Board of The Appraisal Foundation. USPAP specifies the procedures to be followed in developing and communicating an appraisal and the ethical rules for appraisal practice. As defined in USPAP, an appraisal is the act or process of developing an opinion of value. The valuation process is a systematic procedure the appraiser follows to answer a client’s question about real property value.