Question 1

What is the cost of a commercial appraisal report?

Accepted Answer

Costs can vary based on the scope of work, property type, report format, and turnaround time. We provide customized quotes based on your specific needs.

Question 2

What types of properties do you appraise?

Accepted Answer

We offer appraisals for a wide range of property types including office, retail, industrial, multifamily, land in various stages of development, mixed-use properties, shopping centers, self-storage facilities, and some special-use properties.

Question 3

How long does an appraisal take?

Accepted Answer

The timeframe for completing an appraisal varies based on the property type and complexity. Generally, our turnaround times are two to four weeks.

Question 4

I need the appraisal quicker. Do you offer expedited delivery?

Accepted Answer

We generally can offer expedited delivery, but it will come at a higher cost.

Question 5

What are the differences between a Restricted and Appraisal Report. Which is the right one for me?

Accepted Answer

A Restricted report is a condensed format that offers a concise overview tailored for private clients or situations where a detailed narrative report is not necessary. It is not intended for federally regulated transactions, IRS-related appraisals, and is restricted to only one intended user. In contrast, an Appraisal Report provides a thorough, comprehensive format, ideal for banks, estate/trust assignments, and clients needing an in-depth analysis. While the scope of work remains consistent, the main distinction lies in the depth and format of the reporting.
All other factors being equal, a Restricted Report will be more cost effective than an Appraisal Report.

Question 6

How do you determine the value of a property?

Accepted Answer

There are three traditional approaches to value: the income approach, sales comparison approach, and cost approach. We will assess your property type and consider the scope of work, as well as your specific needs, to determine which valuation methods are most appropriate for your situation. Our goal is to provide you with the most accurate and credible appraisal possible.

Question 7

How do I get started?

Accepted Answer

To initiate the appraisal process, simply contact us to discuss your specific needs. We’ll guide you through the next steps and provide a competitive quote.

Frequently asked questions