Appraising commercial real estate may seem like simple process from most business owners’ perspectives. The appraiser comes to the property, looks around, takes a few notes, and comes up with a value for the piece of real estate. But that’s not really the case. The appraisal process is actually a lot more complex. There are […]
Many users of commercial real estate appraisals are confused about what to order when they need an appraisal for their commercial property. Just to let you know how it works, there are three report formats used by commercial appraisers, including the self-contained report format, the summary report format, and the restricted-use report format. These are […]
Understanding the ins and outs of Orlando commercial real estate appraisals is often complicated, especially since so many assume it’s just like appraising residential properties. Of course, it’s a very different process and can involve a great deal of communication between a property owner and the appraiser. When a property owner contacts us for an […]
In commercial real estate, it is common to determine a “price per square foot” when evaluating commercial property, but there is more to the valuation process than a simple formula. Very simply put, the purpose of the commercial real estate appraisal is to determine a property’s market value. This is often for lending purposes – […]
A commercial real estate appraisal, while similar in some respects to a residential real estate appraisal, really employs a very different application when using the three valuation models, including the Sales Comparison Approach, the Cost Approach and the Income Approach. Let’s take a look at each of these, and in layman’s terms, come to understand […]
Small business owners may find the process of a commercial property appraisal to be a confusing process. Whether you need an appraisal for financing, buying or selling a business property, an Orlando Florida MAI commercial real estate appraiser can give you peace of mind that you’re offering or receiving a fair price. Here are some […]
Just like any profession, a commercial real estate appraiser has his or her own style and methods for performing their job. In order to ensure the appraisal report you have received is thorough however, there are several elements a quality commercial appraisal should have. 1. Cover letter with brief synopsis. The appraiser should have a […]
More real estate tax appeals are headed to trial. More cases are being litigated. It’s a trend, and it’s costing you, the taxpayer, and your municipalities, more money. Why is this happening? State governments desperate to fund municipal treasuries are pushing property tax appeals. This drive for tax revenue continues to bring more taxpayers to […]
I completed my first commercial real estate appraisal in 1989, and have been appraising on a full-time basis for over 22 years. I survived the Savings and Loan Crisis of the early 1990s, the Dot-Com Bubble of the early 2000s, and the Sub-Prime Mortgage Crisis of the late 2000s. All of these dismal events have […]
I recently completed Commercial real estate appraisal work in Central Florida on several convenience store/gas station properties. To make an estimate of market value, it was necessary to use a unit of comparison method that is commonly accepted by those buyers and sellers who are actively engaged in trading this particular type of commercial real […]
