When it’s time to sell your commercial real estate, you’re going to need the services of a Columbus, Ohio property appraiser. The outcome can make a big difference in how much you gain, financially, when you decide to sell; it can also help determine if and where you can branch out with other business locations. A professional, experienced property appraiser will be fair, have your best interest in mind, and guide you towards your ideal property.
But what are the three most basic questions you should ask when deciding to hire a commercial appraiser? Continue reading to find out.
(Related Reading: If you’re interested in learning more about appraisals and the appraisal process, in general, check out our commercial real estate appraisal guide; in this guide, we’ll provide you with answers to the top 10 questions we’re asked about appraisals.)
First, ask if the appraiser is licensed or certified by the state, in order to perform commercial real estate appraisals. A qualified Columbus, Ohio property appraiser should be able to confirm that they are licensed. They should also be willing to show you the licensing paperwork to prove it. Don’t be afraid to request that they show it to you. It’s not a guarantee of quality service; however, it verifies that they meet the minimum standards, set by the state of Ohio, to perform property appraisals. You can later find out what kind of reputation they have by speaking with former clients. At the very least, though, it is important that you make sure they are licensed or certified.
Next, ask your Columbus-based property appraiser what percentage of their work is performed in your neighborhood. This isn’t necessarily a deal breaker, but it can help in your decision-making. A property appraiser who works locally typically has a better knowledge of the location and general property values. They should be aware of local trends and be able to factor in value indicators that are difficult to account for; examples are the presence of emergency services or the likelihood of construction projects planned for the near future.
Finally, ask if the appraiser has experience in working with consumers, instead of just real estate professionals. People in the real estate industry generally know what to expect; however, you, as a consumer, probably haven’t needed property appraised in the past. Or, perhaps, you went through a Realtor the last time. Property appraisers who are experienced in working with consumers will be better equipped to explain the process and guide you through making the right choices. If you aren’t a loan officer or real estate agent, for example, then appraisers who aren’t used to working with people outside of the industry might have a difficult time keeping you in the loop.
There are quite a few quality appraisers available in the area. But when you’re looking for a highly respected and qualified CRE appraisal team who will make the process as simple as possible, settle for no less than the best. The Robert Weiler Company, a full-service commercial real estate and appraisal firm, has been serving the Columbus OH community, as well as the state of Ohio, for over 80 years. Call 614-221-4286 today to speak with an expert Columbus, Ohio property appraiser.