Single Family Residential property appraisal

WestRock’s real estate appraisal reports are based on several factors. Any institutional property appraisal will be a result of these three approaches to provide the foundation for this quantitative data analysis: 

1. Market Approach: A method that values an asset based on comparable property sales. Also known as the sales comparison approach, it tracks recently completed sales of similar properties to determine a property’s current market appeal. 
2. Cost Approach: A method that values a property based on the replacement cost of constructing a similar property, minus depreciation, plus the site’s value. 
3. Discounted Cash Flow: A method that estimates the value of an investment based on potential cash flows. Initial and annual costs, estimated income, and any holding periods are all variables used in this method. 

Reliable market analysis is crucial for a trustworthy appraisal. Each of our real estate appraisal reports is meticulously prepared with your institutional real estate property in mind. WestRock delivers on accuracy and credibility using factors like: 

• Area Analysis: Deduction of relevant market trends, demographic statistics, and economic indicators. 
• Zoning Analysis: An in-depth evaluation of the property’s compliance with relevant zoning standards. 

• Improvements and Suggestions: Comprehensive descriptions, along with sketches and photographs, to detail a property’s optimized improvements. 

• Real Estate Taxes Statistics: This feature analyzes historical and current taxes to project accurate real estate taxes for the subject property. 

• Comparison Data: Detailed photos, descriptions, and analytics of comparative properties are provided for comparison. A sales comparison grid depicts all data and any necessary adjustments. 

• Income Analysis: Evaluation of historical data to determine a property’s projected income and its requisite expenses.  

• Complete itemization of all income sources. 
• Operating Expenses: We provide an operating expense history and anticipate your expenses based on our extensive collection of comparable expense data. 
• Capitalization Rate Development: Resident and Commercial loan rate surveys provide a basis for capitalization rate development.

When choosing a real estate appraisal service that’s right for you, it is imperative that they have a team of professionals with experience, education, capability, and integrity. We emphasize these values in our recruitment and training, ensuring that every real estate appraisal report generated by a member of our team can serve your clients’ interests properly. 

The coveted MAI designation is held by real estate appraisers who have invested a substantial amount of time in their own training to cultivate extensive experience in the valuation of properties from commercial to residential real estate. MAI appraisers go above and beyond to perform quality appraisals to advise clients on sound real estate investment decisions and Steve Romer is no different. WestRock’s president and founder possesses the MAI designation, demonstrating the efforts he underwent to excel beyond fellow participants in the Appraisal Institute. He instills that experience into every aspect of WestRock’s appraisal operations. 

An appraisal service that boasts even one MAI designated appraiser in their ranks demonstrates credibility, knowledge, and experience. Let WestRock use these skills to your investment advantage. 

Prices vary on specific real estate appraisal reports because of many factors like: 

• Property type
• Size and complexity of property
• Property location and travel distance involved
• Ease of obtaining data in the relevant market area
• Scope of work
• Reporting format
• Turnaround time