• Certified or Licensed Professionals Render Their Appraisal Opinions as to Fair Market Value of Real Property (i.e., Commercial Real Estate, CRE)
• Certain Smaller Transactions and Renewals or Refinancing Do Not Require Appraisals, and Less Formal (and Less Expensive) Evaluations, or Even Validations
• Cost Approach
• Sales Comparison Approach
• Income Approach
• IMPORTANCE TO YOU - A few things to be aware of that can impact the collateral. Read the prior appraisal and get familiarized with these key elements of the appraisal. A couple of reminders to consider