The Importance of Residential Appraisals in Real Estate

appraising a residential house of a couple

When navigating the complex world of real estate transactions, one critical step often determines whether a deal succeeds or falls apart: the residential appraisal. Whether you’re a first-time homebuyer, a seasoned investor, or a seller looking to maximize your property’s value, understanding the appraisal process and its significance can save you time, money, and considerable […]

Why You May Need A Commercial Property Appraisal

Commercial property appraisal in progress with an agent checking the site.

A commercial property appraisal is a professional evaluation that determines the market value of commercial real estate in New York, typically costing between several hundred to several thousand dollars and taking days to weeks depending on property complexity. These appraisals are required for six primary situations: buying/selling property transactions, setting rental rates, mortgage applications, tax-related […]