Montgomery Appraisal

Cost for commercial real estate varies widely depending upon the location of the property, the size, and other factors. When trying to get the best rate for your commercial real estate, contact us for property appraisal.

In addition to conducting the appraisal itself, a commercial real estate appraiser can provide you with other valuable information, including data on local conditions that affect the real estate market in their area.

In addition to taxation, property transfer, and other business purposes, commercial real estate appraisals are needed for divorce proceedings when the property in questioned is owned and subject to community property and division of estate laws.

Letter (Restricted use) reports are appraisals structured for the benefit of clients who are already familiar with the area, and the scope of supporting data is minimal. This report contains a property description, appraisal purpose, type of value requested, the date, value opinion, and signature of the appraiser.

Some of the instances where you need commercial appraisal include estate planning, loan underwriting, refinancing, internal bank planning, acquisition, partnership buyout, and more.

If you need your commercial property appraised for specific reasons, you'll need to ask the appraiser for a summary report. Though costlier, it can be legally used for a stated purpose and will be far more comprehensive than one that is classified as restricted use.

Keeping appraisals on your commercial property up-to-date can help in the event of a disaster. Should you need to enter into negotiations with your insurance company, the more recent the appraisal, the better the chances you will receive the insurance payment you deserve.

How long does a commercial real estate appraisal take? It could take as little as a few days to even a month or more. The actual time depends on certain factors, such as the type of property, the scope of work, and more.

If you and your siblings are heirs to a commercial property owned by your folks, it would be a good idea to have it professionally appraised before you dispose of it. Knowing what it's realistically worth will allow you to decide on a course of action that will be best for everyone involved.

All commercial real estate appraisers are required by law to adhere to the Uniform Standard of Professional Appraisal Practice. This is your assurance that you will receive a report that is unbiased and accurate and that the information is confidential.

Armstrong Williams once said, Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.

If you're trying to get insurance coverage for your commercial property, the insurance company may opt for a professional appraisal. This ensures that they get the value of the property right, thus allowing them to charge a fair premium.

While you may have a "gut feel" as to how much your commercial property is worth, this figure isn't something you can give the bank if you're trying to secure a loan. Instead, they will require an official valuation to determine how much they can lend you.