Commercial appraisal questions

Fees are subject to each assignment. They are determined case by case based on the property type and its complexity, the scope of work, the intended use of the appraisal and the information available. Request a quote for specifics on your property.

Turnaround is subject to each assignment. It depends on the property type and complexity, the scope of work and intended use, how quickly property access and documents are available, and the timing you need. Request a quote and tell us your desired timing.

An appraisal report identifies the client and intended use, the property appraised, the type of value and its effective date, and the scope of work. It summarizes the information and analyses used to support the value opinion and includes the appraiser's signed certification. The level of detail depends on the assignment.

Many commercial real estate loans made by federally regulated lenders require an appraisal by a state-certified or state-licensed appraiser, depending on the type and size of the transaction. Lenders may also require appraisals under their own credit policies. Your lender can confirm what applies to your loan.

Appraisers generally consider three approaches: the sales comparison approach (recent sales of similar properties), the income approach (the income a property can produce) and the cost approach (the cost to replace or reproduce the improvements, less depreciation, plus land value). Which approaches are relevant depends on the property and the assignment.

Yes. Besides financing, appraisals are used for estate planning and estate settlement, litigation, eminent domain and condemnation, purchase price allocation and asset valuation, and matters such as tax appeals and partnership decisions. Tell us the intended use when you request a quote. See Services.

We are based in Gilbert, Arizona, and appraise commercial property in all 15 Arizona counties. The firm is also licensed in California. See Service Area.

Yes. Information you provide for an appraisal and the assignment results are kept confidential in accordance with the Uniform Standards of Professional Appraisal Practice (USPAP). See Confidentiality of Appraisal Information (USPAP).

Use the Request a Quote form, call (480) 776-4634 or email dean@ramseycommercial.net. Include the property address, property type and the intended use of the appraisal. We reply with a quote within 24 hours. The document checklist lists items that are helpful if available.