Questions to Ask Your Commercial Real Estate Appraiser

Are you looking to buy or sell any commercial property? It may be beneficial to hire a property appraiser to determine the best price for it. No matter the size or type of commercial property, an appraisal can help you understand the market to ensure that you can purchase or sell the asset at a reasonable and competitive price.

Up-to-date and accurate commercial appraisals are an affordable and simple way to ensure the market value of the commercial real estate. It’s a good investment that can help you make informed business decisions.

Ask the right questions when hiring a company

When working with appraisal firms for the first time, it’s important to ask specific questions to ensure that their services are right for you:

How many years have you been doing commercial property appraisals in Toronto?

Experience is critical to gaining proficiency and knowledge in the field of appraisals. Be sure to hire a property appraiser with experience in commercial real estate, specifically with the kinds of properties you are dealing with.

Where do you provide your services?

Some appraisal firms may be focused on specific geographical areas where they are most familiar with local real estate trends and current market values. This familiarity can be advantageous when you need an appraisal for certain types of commercial property.

Do you have certifications or any professional designations?

You can tell that a property appraiser is professional when you check on their certifications or designations. Take time to check their credentials, too.