Commercial appraisers can appraise all types of real property, including residential units, retail spaces, industrial or agricultural property and more. But they do so much more:
Estimate the value of a property for a potential refinance.
Help a seller establish an acceptable sales price and a buyer establish a reasonable offering price.
Establish a starting point to reorganize property ownership or combine the ownership of various properties under one owner.
Determine appropriate insurance coverage on a property.
Provide expert testimony and reports in legal cases involving property disputes, eminent domain and divorce settlements.
Assess the impact of environmental factors on property value such as contamination or proximity to environmentally sensitive areas.
Assist with lease negotiations for rental properties.