Commercial Real Estate Appraisals

Appraisals in Commercial Real Estate

Appraisals in Commercial Real Estate

If you want to purchase a commercial property, you’ll almost always need to get an appraisal first. An appraisal is a professional estimation of the market value of a property, which needs to be conducted by a certified appraiser in the area which the property is located. In most cases, commercial real estate lenders require an appraisal before they approve a borrower for a loan, since they need to determine the value of a property in order to accurately calculate its loan-to-value ratio and other important financial metrics.