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Commercial Appraiser

What Does A Real Estate Appraisal Cost & How Long Does It Take?

Every piece of real estate is unique and vary in cost & turn time. Please Call 866-533-7173 or fill out the Free Quote Request. The average price for a commercial appraisal is $2,500 and takes three weeks to complete. The major factors that effect the price of the appraisal are the type of appraisal needed, the location and type of the property. Since the price of a commercial appraisal can vary by hundreds or even thousands of dollars depending on the appraiser, we put your assignment out for bid with several of our local commercial appraiser to get you the best fee and turn time. There is no obligation for this service. We also offer volume discounts when ordering two or more appraisals at the same time.

Ordering Is EASY As 1-2-3

Step 1: Call or fill out the Free Quote Request to get your cost & turn time.

Step 2: Call or Click to make a Secure Payment once you have your cost.

Step 3: Our local Appraiser will call the contact for entry to schedule the inspection.

Three Major Types Of Commercial Real Estate Appraisal Reports

Each type has a different level of detail and a different price. Depending on what you will use the commercial appraisal report for, will determine what type of appraisal report you should order.

1. Restricted-Use - This report is the least expensive type of commercial appraisal. Click here to see a sample. This type of report contains minimal detail and is created and intended only for specified clients and may not be depended or relied upon by any other party. This report format can be personalized at the client’s request to meet their needs. If you simply need to know what the property is worth and there is no need to share the report with anyone else, consider this report format.

2. Complete Summary - These reports are the second to most expensive because they have more detail than Restricted Appraisal Reports but less detail than a Self Contained Report. Click here to see a sample of a complete summary appraisal report. This type of commercial appraisal gets you to the same end value but does not include all the supporting data and analysis in the report that the appraiser used to get to the end value like in a Self Contained Report.

Today, the Summary Appraisal report format is by far the most widely used of all the available commercial appraisal report formats. As the report name implies, the summary report ‘summarizes’ all conclusions with a limited amount of explanations. Additionally, the report may contain external material references found in company files, which are normally included in self-contained reports. From a legal standpoint, it can be depended upon by most readers, and for estate related purposes, the summary report format blends itself as the most applicable in this area.

3. Self-Contained – These reports a complete appraisal report containing a high degree of detail and all the necessary information to comply with the reporting requirements set forth under Standards Rule 2.2(a) of the Uniform Standards of Professional Appraisal Practice (USPAP), in contrast to the Summary Report format. This type of report contains all the supporting data and analysis the appraiser used to determine the value of the commercial real estate. These types of appraisals are usually done on high value commercial real estate properties. If you are using the commercial real estate appraisal to obtain financing for the purchase or refinance of a commercial property than this is most likely the report for you.

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