VRA Commercial

  Selecting the right commercial real estate appraiser is crucial for property owners and investors seeking accurate property valuations. However, finding a truly skilled appraiser amidst lacking state licensing requirements can prove challenging. Use this definitive guide to source and vet only the most qualified commercial appraisers in your locale. Know the Appraisal Purpose First, consider why you need a commercial appraisal. Common reasons include financing, estate planning, property sale, property tax appeal or accounting requirements. Understanding the appraisal purpose and intended use guides what credentials and competencies your appraiser requires. A mass appraisal for tax purposes needs less precision than a capital contribution valuation for partners, for example. Verify Core Licensing At minimum, your commercial appraiser should hold a state-issued license demonstrating core education and experience. Confirm your state’s specific license name as titling varies. For exa...

  Selecting the optimal commercial appraiser directly impacts the quality of valuations informing property deals and developments. Yet given lacking state regulations governing these niche appraisers, identifying truly qualified candidates proves challenging. Use this exclusive 10-factor checklist to vet commercial appraisers thoroughly before engaging services. 1. Local Market Expertise A commercial appraiser lacking specific familiarity with your metro or county cannot accurately value regional property dynamics influencing cap rates, rents and desirability scores. Verify appraisers reside locally with abundant in-market valuation experience. 2.  Property Type Experience An appraiser's expertise must align with your property category whether that is retail centers, warehouses, offices, apartments, hotels or special-use buildings. Cross-category experience rarely translates for precise appraisals. 3. Intended Use Expertise From capital sourcing to property taxes to litigation...