Twin Cities Commercial Real Estate Appraiser Cites the Importance of Accurate Commercial Property Appraisals

Roseville based appraisal company, Minnesota Real Estate Appraisal Services, wants people in the Twin Cities area to know that commercial appraisal services are very important to those that are trying to sell, buy or finance commercial properties. In many cases, they are even a required part of these transactions. The company is well-known for having a skilled staff that can handle commercial property appraisals on even the most complicated properties.

Company Owner, Clark Goset, talked about commercial property appraisal accuracy is so important by saying, “Commercial property appraisals are some of the most difficult to do because of all that goes into them to ensure their accuracy. They absolutely must be accurate too because the result could cost someone large sums of money concerning the type of transaction that an appraisal is being used for. That’s why having a commercial property appraisal done by an experienced and proven appraisal service like ours is so important.”

Goset also detailed some of the benefits that an accurate commercial property appraisal offers those that get them done. He said the first benefit has to do with paying property taxes. If an appraisal overestimates a business property’s worth, that property owner can end up paying thousands of dollars in additional taxes that they should not have had to pay. Insurance coverage requires the use of accurate commercial property assessments too. It ensures that if a business suffers a coverable loss that they have the proper insurance coverage amounts in place to make them whole again. He says accurate commercial property appraisals also help company’s make relevant investment decisions and they provide a fair basis for settling estates that have commercial property assets involved.

The company owner went on to say that the types of commercial properties in the Twin Cities Area that they are highly qualified to do appraisals on is quite extensive. This list includes such property types as office buildings, industrial facilities, manufacturing facilities, warehouse space, shopping malls, service stations, and auto dealerships. He pointed out they also appraise many service-based businesses such as hotels, marinas, golf courses, and retirement homes. They even do appraisals on more unusual type properties such as parks, developable land, and agricultural land. More information on the specifics of this company’s commercial appraisal services can also be seen on their Google Business Site.

Goset also talked more about what goes into making an accurate commercial property appraisal by saying, “Many people do not realize all that it takes to do a proper commercial real estate appraisal. There are many details and considerations that have to go into it in order to ensure its accuracy. This includes using one of several different types of approaches for valuing commercial properties. I also have to consider everything from a commercial property’s location to relevant property risks in order to produce an accurate value of that property. The amount of time and detail that goes into a commercial property appraisal often means it takes several weeks to get them done. Once I am finished, the customer will also need me to provide them with an in-depth, narrative analysis of that commercial property’s estimated value."

The company’s appraisal services are also well regarded by those that have used them. Here is an example of that in a 5-start review from Earl Netwal that says, “Excellent People to work with. Knowledgeable and detailed work. I would recommend.” Another review from Jeffrey Garner that has similar praises says, “Thanks for the nice job on our mobile home park appraisal. It will make settling the estate a lot easier.” These reviews were taken from the company’s Google Maps page.

Minnesota Real Estate Appraisal Services does much more than handle just commercial real estate appraisals. They are also specialists when it comes to doing Industrial, Land, & Multi-Family Residential real property appraisals. For those that are interested in learning more about this Twin Cities company’s appraisal services, Goset says they can easily be reached by phone, email or by using the quick callback form on the company’s website.