A commercial real estate appraisal is the process of establishing a specific value to an individual property at a given point in time. An appraisal from a certified expert can save you from selling for too little or buying for too much. You can expect businesses to rent or be interested in buying your property if you have a good location for the property. A real estate appraisal is performed for a specific client, to whom the appraisers have a fiduciary responsibility, regardless of what party ultimately pays for the appraisal, or whether anyone actually pays for the appraisal. The highest and best use is the use which produces the highest value for the land, as if vacant. Mr. Prescott has been appraising proposed and existing commercial, industrial, and residential property since 1985.
Property appraisers requiring licensing include all residential real estate appraisers and all commercial real estate appraisers. A real estate license is the key to a lucrative career in the real estate industry. A real estate appraisal is necessary any time you buy or sell any kind of real estate. You should make sure you huddle up with your real estate agent and get a complete handle of what is going on in your local real estate market. NYSCAR Western New York Chapter is an organization of real estate professionals who are experienced, educated and well connected in the local commercial real estate community. Once you have your license, you can begin working as a real estate appraiser with some limitations on what types of property you can appraise.
A reliable valuation of real estate holdings is an important part of the estate planning process. Well-trained practical real estate appraisers may be more important than any other professional involved in a real estate transaction. The appraiser may be highly trained and have a sharp eye, yet still fail to see certain things. Since every property is unique, you need a professional, trained, and certified appraiser to establish the value of your property. The appraiser had been shown the wrong property by the owner/borrower, who knew that there was no access to the site, but failed to tell the appraiser. Real property appraisers usually value one property at a time, while assessors value many at once.
Commercial real estate appraisals typically contain a larger amount of information due to the complex nature of commercial real estate. Valuations and appraisals are essential to every real estate transaction and must be accurate, timely and reliable. A real estate appraisal company is useful whether you are buying or refinancing a home. WNC Appraisal Services, Inc is a full service commercial real estate appraisal and consulting company. Lowery Property Advisors is relentlessly focused on principle-centered service in order to create clear, accurate real estate decisions.
Appraisal firms serve the essential function of establishing the value of assets in the real estate industry. Right-of-way projects were completed for the City of Houston, Harris County, Air Liquide and CenterPoint. When representing a client who wants to sell or buy a property, it is important to get an appraisal. For more than 25 years, McKissock Learning has partnered with real estate and property appraisal professionals.