Process

We write a report that’s easy to follow and complies with state and federal requirements tailored to the agency or purpose of the report. There are no leaps of logic or gaps in the report that leave the reader wondering where the information came from, or why it is relevant. The report leads the reader to the conclusion. This can be important for an estate or lawsuit; all parties can see the information and discuss the report and make informed decisions.

Cost

A typical question is how much the work will cost and how long will it take. The answer depends on your needs:

The client’s appraisal standards affect the cost. More approaches and higher standards take more research and time so they cost more and take longer. Some banks always request three approaches or always require a separate land value or insurable value so those appraisals cost more. Other assignments may only require one approach that is limited to three representative comparables.

The fee and time also depend on the complexity of the property; a single tenant building may only need one set of comparables while a multi-use property may take several sets of comparables in multiple approaches.

Send me the address and maybe a brief description of the property and I’ll help you get the most cost effective solution.

Collateral Identification

Many clients are not fully aware of the collateral or other property owned. It is not unusual to find errors in addressing or that parcels have been omitted, for instance, an adjoining property is needed for parking or storage to support the primary tenant and is omitted from the original assignment. We attempt to alert you to these issues during the appraisal so we can help you meet your deadline.

Client Confidentiality and Adversarial Relationships

We value your business and respect your rights to confidentiality. There are many reasons for an appraisal or consultation. The results of our work are reported only to the client. It is not uncommon for a property owner to feel they have a right to the appraisal or analysis because they own the property or paid for the appraisal however, if a financial institution is the client then the results are provided only to the person at that institution that ordered the appraisal though your loan officer may be able to get a copy for you.

We may be asked to appraise a property, prepare a rent study or occupancy analysis without the owner or tenant’s knowledge because someone does not want the occupant to know the property is being considered. A tenant or their employees may be concerned about being displaced. We respect your privacy.

A business owner may want to refinance, relocate or sell without employees being concerned.

Some assignments are challenging not because of the property but because of a relationship. We will handle the property and leave the relationship to you.

Typical Assignments