Many clients utilize or have noticed our SMART products in the dropdown box of available report options. As a result, we receive a handful of calls and questions each week wanting to understand “What is a SMART?” It is a tool for our clients to obtain a reliable, inexpensive, and timely commercial appraisal report. SMART… Read more »
Thanksgiving is quickly approaching, and Christmas and New Years are not far behind. Historically, Valuation Management Group begins seeing commercial appraisal order activity pick up during November with everyone wanting to get their transactions closed by year end which is understandable. Regardless of the time of year, as an appraisal management company, Valuation Management Group… Read more »
Valuation Management Group offers a robust technical review and/or desk review of various types of appraisal reports. Both clients and appraisers are often curious about some of our common review findings. We’d like to share some frequently requested revisions from our review team in order to help you better understand the review challenges. The appraisal… Read more »
The Uniform Standards of Professional Appraisal Practice (USPAP) can be considered the quality control standards applicable for real property, personal property, intangible assets, and business valuation appraisal analysis and reports in the United States and its territories. The Appraisal Standards Board (ASB) develops, interprets and amends the USPAP and, as such, is currently considering changes… Read more »
Valuation Management Group is proud to announce, on its tenth anniversary, that it is one of a limited number of appraisal management companies that provides commercial and residential appraisal services in all fifty states. Joan Trice, CEO/Founder of Clearbox states, “There are over 500 appraisal management companies with less than 30% of them being truly… Read more »
Valuation Management Group is a national appraisal management services company, managing appraisals involving assets with many forms of ownership. As our quality assurance reviewers notice areas of interest, we like to share the industry information with our clients and panel appraisers in order to keep both informed. Today, many types of real estate are being… Read more »
Valuation Management Group stresses the importance of staying educated on the real estate appraisal industry and market trends. Capitalization rates are one of the areas that receive much study and scrutiny within the commercial appraisal world. Various firms and data services report monthly, quarterly, and annual trend data as it relates to capitalization rates. Countless… Read more »
The Uniform Standards of Professional Appraisal Practice (USPAP) defines appraisal review as “the act or process of developing and communicating an opinion about the quality of another appraiser’s work that was performed as part of an appraisal or appraisal review assignment.” Dave Maul, MAI, a Commercial Quality Assurance Reviewer at Valuation Management Group, recently attended… Read more »
A commercial engagement letter is a written agreement to perform services in exchange for compensation. Engagement letters are traditionally used by certain professional service firms, particularly in the fields of finance, accounting, law, real estate appraisal and consulting in order to define the specifics of the business relationship, or in the case of an appraisal… Read more »
Part II of our blog highlights site and external influence as issues that can have a negative impact on commercial property characteristics. 1. Possible environmental issues: Industrial properties always present a concern for environmental contamination, as many industrial occupants use chemicals and oils in the operation of the business that can leak into the soil… Read more »