Writing a commercial property appraisal is a long and complicated process. Licensed appraisers spend days going through reports and writing lots of pages. Get commercial appraisal software to help save time and money.
This process can be simplified by using appraisal software, as well as by asking for accurate descriptions of the property. The appraiser should discuss with the broker or seller, because the buyer alone cannot offer all the necessary information, nor allow access to the property.
Appraisers should also find similar properties to help them evaluate correctly and support their arguments.
When renovations are planned on the commercial property, banks require “as complete” opinions. Delays may be caused by changes to final plans, other project costs and specifications etc.
The buyer / investor can make the commercial property appraisal go faster, by providing the documents required by the appraiser, be prompt in responding to questions ad offer additional information for clarification. The relevant documents that appraisers ask for include building drawings, leases, results of environmental assessments, years of tax information, income statements and operating expenses and rent rolls. As for the property owner, they must also be flexible, open to different inspection time frames and ready anytime to provide the appraiser with relevant and correct information.
Article Source right here: Saving Time While Writing Commercial Property Appraisal Reports
No comments:
Post a Comment