Most Commercial Appraisers are confronted with the question, “Why does it cost so much?” after issuing a fee quote to someone who does not typically order commercial appraisals. Many people have been conditioned to think that if the appraisal of their home only cost $350, a...
We receive many calls from mortgage brokers and borrowers for value checks. In most cases, these requests are related to a refinance, a purchase money loan or a construction loan. In each case, it is typically stated that the borrower would like a “feel” for...
What You Need to Know to Protect Your Rights. Hire an attorney, let the attorney engage the appraiser. Eminent Domain The right of government to take private property for public use upon the payment of just compensation. The Fifth Amendment of the U.S. Constitution, also known as...
Highest and Best Use, The Cost Approach, the Sales Comparison Approach, The Income Approach; what are they, when when does the commercial appraiser use them and how do they relate to your property. In this article we explain the the commercial appraisal process and how...