Services
Why do you need an appraiser?
Engaging the services of a Real Estate Appraiser provides the client with an unbiased value opinion of real property for purposes including, but not limited to:
Investment
- Valuation for the acquisition or disposition of real property
- Contract negotiations
- Financial feasibility studies
- Financing
Property Settlement
- Partnership disputes & Equitable distribution
- Divorce proceedings
- Estate settlement
- Eminent domain valuations
Taxation
- Donation valuation
- Tax appeals
As stated in the Ethics Rule of the Uniform Standards of Professional Appraisal Practices (USPAP), "an appraiser must perform assignments with impartiality, objectivity and independence, without accommodation of personal interests."
An Appraisal is NOT a Broker's Price Opinion (BPO) or a Comparative Market Analysis (CMA), which are performed by members of the real estates sales community with direct financial interest in a property. An Appraisal is performed by a third-party, void of any financial interest in the subject property .
About Me
Dan Monchek is a State Certified General Real Estate Appraiser (SCGREA), certificated by the State of New Jersey. Prior to entering the appraisal industry in 2010, Dan had 25 years of risk/interest rate related experience in the financial industry with firms that included Morgan Stanley and Cantor Fitzgerald; experience that compliments his commercial real estate appraisal expertise.
The Appraisal Process
Inspect, Research, Verify, Analyze, Conclude
Inspect
A successful real property inspection requires client consultation, ownership cooperation and astute appraiser observation of any subject property. Regardless of asset complexity, all parties work together in order to address the appraisal problem effectively.
Research
Credible value opinions are driven by the accumulation of market-related data regarding investor risk tolerance as well as comparable expenses, incomes, rentals and sales.
Verify
Brokers, property owners, purchasers, tenants as well as other market participants are interviewed to determine the validity and accuracy of market information.
Analyze
Apply standard appraisal principals and market-area expertise to verified market date to determine the weight and relevance of accepted approaches to value.
Conclude
Each appraisal requires the confluence of sales , cost and income capitalization approaches to be analyzed and reconciled in order to deliver a credible opinion of retrospective, "as is" and prospective values of all property classes.