• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Login / Register (765) 362-4123
  • Home
  • Search
    • Search All Listings
    • Search by Map
    • Featured Listings
    • New Listing Alerts
  • Neighborhoods
  • Buyers
    • Buying Residential Property
    • Buying Commercial Property
    • Buying a Farm
  • Sellers
    • Selling Residential Property
    • Selling Commercial Property
    • Selling a Farm
  • About
    • About Lisa
    • About Taylor Real Estate Specialists
    • Our Team
    • Testimonials
    • Zillow Testimonials
  • Blog
  • Careers
  • Contact

What is ‘Appraised Value’ in Commercial Real Estate?

There are many terms and concepts used in commercial real estate and the commercial appraisal is perhaps one of the most important.

  • A commercial appraisal provides an objective opinion of value, but it’s not an exact science so appraisals may differ.
  • For buying and selling purposes, a commercial appraisal is usually based on market value — what the property could probably be sold for. Other types of value include insurance value, replacement value, and assessed value for property tax purposes.
  • Appraised value is not a constant number. Changes in market conditions can dramatically alter appraised value.
  • Appraised value doesn’t take into account special considerations, like the need to sell rapidly.
  • Lenders usually use either the appraised value or the sale price, whichever is less, to determine the amount of the mortgage they will offer.

Next, read about some of the other commonly used terms in commercial real estate transactions!

Primary Sidebar

Lisa Taylor

Lisa Taylor

Indiana REALTOR® Crawfordsville Specialist
765-225-4123
Contact Lisa
Listing Alerts Your Property's Value

Testimonials

"We used Lisa to help us purchase home. She was very professional and made the process smooth and easy. We are a family of 8 and we just love the new home.... continued"
- Mark & Holly Trump
View All
Reviews on Zillow
1891219
"Lisa was very helpful in listing my mother-in-law's residence. Once the listing was complete, it was sold the next day! We did have a couple of ... more "
5.0/5.0
by terrig100
1959909
"I first met Lisa when I was looking to buy a house. Her knowledge and expertise made it a great experience so when I had a house to sell I went to ... more "
5.0/5.0
by donnaj8

Footer

Lisa Taylor

Specializing in Crawfordsville
& Western Indiana Real Estate

765-362-4123 OFFICE|765-225-4123 MOBILE
Contact
  • Email
  • Facebook
  • LinkedIn

sitemap   •   admin   •   ©2023 All Rights Reserved  •  Real Estate Website Design by IDXCentral.com