I’ve completed approximately 2,000 appraisal and consulting assignments and over 500 appraisal review reports in my 29 years as an appraiser. I have experience in the appraisal of a wide variety of properties, including office, retail, industrial, multi-family, residential subdivisions and special use properties such as golf courses.
My approach to appraising involves identifying the absolute best sales and rental properties to compare to each subject property I analyze. This is a bit different from many appraisers who are simply unwilling to go out on a limb to determine the right value for a property, but instead tend to “average” everything out.
With this in mind, I typically employ a Qualitative approach, rather than a Quantitative approach to identifying the value of his subject properties. Many appraisers rely on making percentage or dollar adjustments that may or may not make much sense, and then they ultimately just use the average of their adjustments to arrive at a value indication.
I’ve found that my qualitative approach has proven to be more accurate. In fact, this approach helped me complete one of the fastest tax appeal hearings I have ever witnessed when I assisted with the tax appeal of a private golf club a few years ago. The appeal board simply accepted my report without asking any questions! The hearing literally lasted less than 2 minutes.
In recent years I have been offering my services as a consultant away from the typical appraisal services I provide to banks for financing.
In my experience, I have found that many prospective buyers and sellers can benefit significantly from my services as a consultant prior to making the decision to purchase or to offer a property for sale.
While many commercial real estate professionals offer somewhat similar services, their goal is always to be involved in a lease or sale transaction. Therefore, occasionally their opinions may be biased.
My consulting reports offer completely objective analysis of the market place in order to assist you in making the best purchase decisions, or to help you get the most out of a property that you decide to sell.
My consulting services are most suited for business owners ready to invest in a property for their business, as well as investors interested in making a new real estate investment.
Appraisal Review Services
As the appraisal business continues to evolve, as well as the regulatory environment, appraisal review services have taken on a more significant role in the financing process.
This should also be the case in other situations where appraisal services are required, such as bankruptcies, divorce, estate planning, etc.
Decisions that are reliant upon an accurate appraisal can have an enormous impact in many instances. Therefore, it is critical that appraisal service clients have the confidence that the appraisal reports produced for them are credible.
Appraisal review services are generally much less expensive than the cost of an appraisal report, since in most cases, the reviewer is simply making sure the report is credible. Occasionally, a client will ask a reviewer to also conduct an actual appraisal, but this rare.
An investment in an appraisal review will typically cost only a few hundred dollars. Where hundreds of thousands or even millions of dollars are on the line, an appraisal review is a smart investment.
To inquire further about my consulting and appraisal services, contact Scott at 717-856-1453 or at email@example.com.