An estimate of value, whether market or some other defined value, may not always serve the needs of a particular client. We possess the experience and expertise to be able to offer a variety of services that complement traditional valuation. In addition to valuation, we provide:
♦ Ad Valorem Tax Consultation – A determination of the fairness of an assessed value in comparison to the market value of the property. Our property tax consulting services extend from protest through hearings for both real and tangible personal property. Additionally, we work and consult with clients on the options and process to appeal hearing results.
♦ Separation of Enterprise Value into Tangible and Intangible Component Values – Whether for appraisal or property tax consulting, we rely on Capital Layer Evaluations as defined and described in the 2016 article in The Appraisal Journal (copy available on this website) authored by one of our appraisers. Whether the client’s issue relates to property taxes or income taxes, Capital Layer Evaluations provides a logical, supportable allocation of total value into and among tangible real property assets, tangible personal property assets, and intangible assets. Unlike alternative methods that are specific to one or two property types or based upon unsupportable assumptions, Capital Layer Evaluations span the full array of complex property types with high levels on intangible value.
♦ Investment Analysis – We assist investors analyze and understand their options relating to either sale or purchase. We can also provide counseling on portfolios: asset replacement ‘what if’ analyses; IRR, Modified IRR, and/or Financial Management Rate of Return (FMRR) analyses.
♦ Highest and Best Use Analysis – A determination of the optimum use(s) for specified real estate. The use(s) that produce the highest net return to the real estate as vacant and/or as improved.
♦ Feasibility Study – A focus on specific investment objectives and an analysis of all contributing and limiting factors to determine whether they meet the minimum objectives established by the decision makers.
♦ Market Study – A study relating to the general market conditions of supply, demand and pricing or to the demographics of specific areas or property types. This study may reveal or explain facts and behavior regarding property types and investor activities.
♦ Marketability Study – A study providing a client information needed to judge the source of most likely demand, the timing for demand, the amount of money that would be spent by each demand component, and the property’s ability to capture available demand.
♦ Cost Benefit Study – A study to assist in the decision-making process of whether or not to construct certain capital improvements. This study is accomplished by calculating all benefits which a proposed improvement will create and weighing them against the cost of creating the improvement.
♦ Fairness Opinion – An evaluation of a particular transaction to determine that all parties concerned receive fair and just compensation for their investment.
♦ Litigation Support – An analysis of pertinent documents as they pertain to real property and its valuation as well as expert witness testimony for county, state, federal and bankruptcy courts.
♦ Regulatory Compliance Review – A review of all policies and procedures pertaining to the ordering and review of real estate appraisal to determine their compliance with applicable state and federal regulations.
♦ Appraisal Review – A review of an appraisal report to determine its compliance with state and federal standards, the client’s internal policies and current appraisal standards. Additionally, and most importantly, the report is reviewed to determine the reasonableness of the value indication presented.