Reasons For Appraisal
An independent appraisal gives you a clear basis for a real estate decision. Here are some of the reasons clients ask us to establish a property's value.
Transfer of Ownership
- Help prospective buyers decide on an offering price.
- Help sellers determine an acceptable selling price.
- Establish a basis for an exchange of real property.
- Support the reorganization or merging of ownership across multiple properties.
Financing and Credit
- Establish the value of real estate offered as security for a mortgage loan.
- Help investors evaluate real estate mortgage investments.
- Support lending and underwriting decisions with an independent value opinion.
Real Estate Decision-Making
- Understand the market and timing for a property decision.
- Evaluate a proposed land use and its marketability.
- Compare real estate investment alternatives.
- Assess whether a property can support your investment goals.
Estate and Tax Planning
- Establish a current or retrospective property value for estate administration or transfers.
- Support your accountant or advisor with real estate values for tax planning and reporting.
- Provide a basis for allocating value between land and buildings, where required by the assignment.
Rental Schedules and Lease Provisions
- Provide market rent evidence to support lease negotiations, renewals, and rental decisions.
Renovation and Development
- Assess a property's value in relation to a proposed renovation or development program.
Employee Relocation
- Support corporations or relocation companies purchasing the homes of transferred employees.
Other Property Decisions
- Provide an independent value opinion for legal matters, family property decisions, and other situations involving real estate.
