There are a steadily increasing number of reasons to have an independent professional valuation of real estate. Among the most frequent circumstances that real estate valuations are conducted are:
Establishment of a fair asking price and acquiring market knowledge to use in final negotiations on the sale of a property;
Developing market lease rate estimates for justifying internal cash flows and negotiating lease renewals;
Replacement cost estimating for insurable value;
Calculation of loss of value in the case of litigation;
Market analysis and feasibility studies for new developments;
Capital gain calculations;
Mortgage financing; and,
Calculating the fair division of assets in such matters as divorce and estates.
