The process of evaluating a commercial property is based on a set of methods and procedures completed with an report, which must include all the details that support the estimated value, besides the description of the property, the date of the evaluation and the conclusions.
The commercial real estate appraisal software report must be based on a comprehensive investigation, have a logical organization, solid argumentation and be written in clear language.
The appraisal report is a document that, through its presentation and terminology, must express a clear, unequivocal and detailed opinion to ensure that it correctly informs about all key issues, without generating misunderstandings about the real situation and the estimated value of the commercial property. The content and size of an appraisal report vary, depending on the property, the legal requirements, the type of ownership, the nature and complexity of the appraisal process. The report should explain the methodology and the processes that were used during the evaluation and present the information that really matters.
The appraisal report must be objective and the evaluator must ensure that there are no conflicts of interest, which mean that he or she is not influenced by the client or by a third person to present only certain information and aspects.
Original Post here: What Is Included In A Commercial Appraisal Report?
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