Disposition
When it comes to selling commercial real estate, the typical investor/owner is usually biased, and may believe that their property is worth more than it actually is. Even a real estate agent who assists the property owner in setting a sale price for a real estate asset may set it too high, since a higher sale price means a bigger commission to the agent. Overpricing the asset could result in the property sitting on the market for an extended amount of time. On the other hand, when a property price is set too low because of a lack of knowledge of property values, the owner could suffer significant financial losses. This is why a commercial real estate appraiser should be used. An appraiser does not have any vested interest in the property, and will estimate a reasonable selling price for the owner based solely on market support.