Wert-Berater Valuation Services is a provider of Commercial Real Estate Appraisals in the State of Colorado.

FOR IMMEDIATE RELEASE
Denver, Colorado, United States of America (Free-Press-Release.com) January 19, 2012 -- Wert-Berater Valuation Services is a provider of Commercial Real Estate Appraisals in the State of Colorado.
Our website is www.wert-berater.com

Phone: 303-800-5677

January 19, 2011

Wert-Berater’s certified general appraisers are qualified to provide valuation services on a variety property types. Commercial types include but are not limited to office, retail, multi-family, industrial, hospitality, special purpose. Residential valuation services are also available. Self-contained, summary and restricted appraisals are developed for specific purposes including financing, legal proceedings, estate valuation, portfolio valuation and tax appeals.

There are several options for commercial real estate appraisals:

In Professional Appraisal Practice there are three types of appraisal reports in accordance with USPAP and EVS (Uniform Standards of Professional Appraisal Practice and European Valuation Standards).

The different types of appraisals based on USPAP are as follows:
1) Restricted Use Report (USPAP 2(c))
2) Summary Appraisal Report (USPAP 2(b))
3) Self Contained Appraisal Report (USPAP 2(a))

There difference is simple. A Restricted Use Report is not used for bank financing, but for internal purposes only. It "states" the data relating to the property and the appraiser provides a brief report that indicates a value with a summary of how the opinion of value was reached. It does not elaborate on details as to highest and best use was determined, sale comparable data or income capitalization approach methods, but only states the conclusions.

The Summary Appraisal Report is often used for bank financing for smaller properties and less complex properties. It is about 75 to 100 pages long and summarizes the details of the property in greater length than the Restricted Use Report and provides a complete summary of the comparables and methods of valuation. It is a pretty detailed report.

The Self Contained Appraisal Report is the most comprehensive style of report. It exceeds 100 pages and fully describes the property, the market, comparable data and methods of valuation in complete detail. This report is also used for bank financing or court purposes, or any other use.

For all three levels of reports the appraiser must carry out the same research relating to the property, the market, comparables and fully develop the methods of valuation in accordance with the Highest and Best Use of the property.

The Highest and Best Use is estimated by the appraiser based on four tests:
1) What is legally permissible;
2) What is physically possible;
3) What is financially feasible:
4) What is maximally productive meaning what is the most feasible of the potential financially feasible uses?

Determining highest and best use is a process of appraisal that is most important. We will evaluate the most appropriate use based on current market conditions.

If you need more explanation, please let us know and we can answer your questions.

Please contact us at 303-800-5677.

We look forward to serving you!

Our website is www.wert-berater.com

Aurora Colorado appraisals     Boulder Colorado appraisals     Colorado commercial appraisals     Colorado Springs appraisals     Denver Colorado appraisals     Denver Commercial appraisals     Golden Colorado appraisals     Westminster Colorado appraisal