Appraisals for Financial Institutions

When choosing appraisal services, it is imperative that the professionals involved be experienced and knowledgeable of the rules in place to uphold the value of property and the integrity of the institutions that back it. Given fluctuations in the turbulent property market we operate in, this experience is more valuable than ever. 

The final rule has impacted financial systems and their dependence on professional appraisal practices, but the need for third party appraisals has not diminished despite the adjustment in the appraisal threshold. Equipped with awareness of Title XI and its subsequent effect on appraisals to acquire real estate loans, WestRock and all of its certified appraisers possess extensive knowledge to guarantee an accurate appraisal to ensure the issuance of sound business loans. 

Real estate appraisals are required by the federal government to ensure that banks, credit unions, and all financial institutions are making educated decisions for itself and its clients. As a result of that requirement, appraisal independence from the institution itself is key, along with an accruing experience in appraisal services. 

This experience is reflected in the coveted MAI designation - held by appraisers who have invested a substantial amount of time in their own training 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 exceed his state-certified peers. He infuses that experience and the standards of professional appraisals into every aspect of WestRock’s operations and team dynamics.

We specialize in market values you can rely on. Commercial properties, more than any other type of real property, depend on the market’s conditions that this knowledge is imperative in generating an accurate appraisal. Each of our reports is meticulously prepared with these key features: 

Innovative Aspects of our Commercial Appraisal Reports

• 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 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: Evaluates 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: Commercial loan rate surveys provide a basis for capitalization rate development. 

Using advanced appraisal tech and our market expertise, these features generate an informative and comprehensive appraisal. All of our appraisals comply with the Agencies’ appraisal regulations in the shared initiative of allowing financial institutions and their clients to make educated real estate decisions.