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As an alternative, Clear Capital believes it would be more prudent to use a standalone property data collection process, then use that timely information about the property to determine if a desktop appraisal may be needed. Real estate agents in particular understand localproperties extremely well.
The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the marketvalue of a property. Marketvalue is the most likely selling price a knowledgeable buyer would pay to a knowledgeable seller. Question 5: Why are commercial property appraisals important?
Whether youre just exploring investing in commercial real estate or already have a property or two, understanding core principles can dramatically increase your success. Financing: Lenders and investors often view Class A as safer collateral, offering better loan terms. Ties up capital that might otherwise expand the core business.
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