Commercial Property Appraisals
If you’re in the market to buy or sell commercial property, a commercial appraisal of any real estate you’re considering is a must. After all, it’s a reliable way to understand the real estate market, the property in question, and whether you’re asking or selling for a similar price relative to comparable properties nearby. Explore the ways we help clients through commercial real estate appraisals in Toronto and contact our team if you’re interested in understanding what your property is estimated to be. When knowledge is power, you’ll be better equipped to make smart business decisions with an extensive narrative appraisal in hand.
The Value of a Certified Commercial Appraisal
Having an updated and accurate commercial appraisal from Appraisal Hub Inc. is a simple and affordable way to make sure you know the market value of any property you own and make the best business decisions empowered by that information. Here are the top few reasons why our clients call us for a commercial appraisal.
Buying and Selling Commercial Real Estate at Market Level
The most well-known time to get a commercial appraisal is during a real estate transaction. Sellers want to know what they can ask for in today’s market, and buyers want to know they aren’t being overcharged. Because commercial building values are based partly on the expected rent achievable and expenses (unlike a residential appraisal), the process may be more subjective at times. Therefore, you’ll want to trust an experienced team like Appraisal Hub Inc. for objectivity and accuracy.
Applying For a Commercial Loan
As you grow your business and need funding to expand, your commercial property can be used as collateral to apply for a business loan. The size of the loan will depend on a few factors, including the value of your property, so a certified appraisal will ensure you receive an appropriate loan for your future plans.
Things To Remember During Your Commercial Appraisal
We adhere to the Canadian Uniform Standards of Professional Appraisal Practice of the Appraisal Institute of Canada and the code of professional ethics, and any reasonable appraiser will verify facts from multiple sources. Contact us today to schedule an inspection but remember this is only the first step in the appraisal process; the appraisal report will also include detailed research on comparable sales, geography and demographics, zoning by-laws, and more. During a commercial real estate appraisal with our team, we encourage you to be honest and upfront about all aspects of the property for full credibility. With our expertise, we’ll help you walk away with a wealth of knowledge about the local real estate market and your property.