Bibeault Appraisals
Commercial Real Estate Appraiser in Massachusetts & Rhode Island
Call Now:
(401) 203-5012
Specializing in Greater Boston, Greater Worcester & Rhode Island
Real Estate Appraisals For:
Financing and Refinancing | Divorces | Eminent Domain | Litigation | Prospective Sales | Estates
High Quality Real Estate Appraisals in Massachusetts & Rhode Island
We provide commercial real estate appraisal services in Massachusetts and Rhode Island. Our service areas include Greater Boston, Greater Worcester, southeastern Massachusetts, and the entirety of Rhode Island. Our commercial appraisers specialize in the appraisal of multifamily, office, retail, industrial, mixed-use, and commercial land properties. Our services include appraisals for divorces, loan financing and refinancing, estate settlements (Date of Death Appraisals), pre-listings and prospective sales, eminent domain, and litigation. Contact us for a free consultation about your appraisal, or call us at (401) 203-5012.
Our Services | About the Appraisal Process | About Us
Divorce Appraisals
We provide thorough, unbiased appraisal reports to be used in divorce proceedings. We are committed to producing high-quality reports that will make the divorce process as seamless as possible. We are also available for any expert witness testimony required in a divorce proceeding.
Date of Death & Donation Appraisals
We provide valuations for estate planning and taxation, including retrospective appraisals from the date of death. Our Appraisers are experts in IRS Publication 561, and understand the complex requirements outlined by the IRS. Whether you're settling an estate or filing a Form 8283 for a donated property, our commercial real estate appraisers are here to help guide you through the process.
Pre-Listing & Sale Appraisals
We provide valuations for real estate agents looking to accurately price a potential sale. We also provide valuations for unique sale circumstances, including sales to current tenants.
Purchases & Refinancing Appraisals
We offer appraisals in Massachusetts for acquisition mortgages, refinancing, construction loans, and portfolios.
Frequently Asked Questions (FAQs)
Why should I choose Bibeault Appraisals?
Independent, Well-Supported, and Accurate Appraisals: Our appraisers are committed to professional integrity and independence, and employ contemporary methods of analysis to ensure that your appraisal is accurate and defensible. We give individualized attention to each appraisal and perform the necessary due diligence for each assignment. Before transmittal, your appraisal will be rigorously reviewed for quality and accuracy.
Timeliness: We are always willing to accommodate the strict timelines of banks, attorneys, property owners, and brokers. We are committed to meeting our deadlines and providing prompt answers to any inquiries or possible revisions.
One-on-One Attention: Our view is that every client deserves individual attention. We are committed to treating every client with the utmost respect, helping them navigate the appraisal process and answering any questions they may have along the way. We always have time for your inquiries and follow-up questions, and are committed to making the appraisal process as seamless as possible.
Professionalism and Expertise: All of our commercial appraisers are licensed professionals who approach every assignment with solemnity. We are versed in contemporary methods of analysis and data collection, and ensure that every report is well-written, defensible, and credible.
How much does a commercial real estate appraisal cost?
The cost of a commercial appraisal is based on the complexity of the assignment. Generally, commercial appraisals range from $2,500 - $4,000. Please contact us for a free quote on your appraisal.
How long does an appraisal take?
While turnaround times can be longer or shorter depending on the complexity of the assignment, an appraisal can typically be completed within 2-3 weeks.
What if I don't agree with the value reported in the appraisal?
Banks generally have a process called Reconsideration of Value (ROV), which allows the borrower to submit additional comparables and data for the appraiser to consider. If you are a borrower, the first step would be to contact the bank and provide this data. The bank will guide you through their process.
For non-lending appraisals, it is important to carefully review the report and identify any points of contention, and communicate these with the appraiser. If two or more appraisals have been ordered (e.g., in some divorce cases), it may be necessary to have an independent review appraiser assess the credibility of each report.
Appraisals are opinions of value, and there is generally some variance when a property is appraised by multiple appraisers. Appraisals are required to be independent, well-documented, and extensively researched. While the Appraiser can revise a report if a comparable was missed or a mistake was made , they cannot change the value to accommodate a specific need.
What are the qualifications required to become a certified appraiser?
Massachusetts and Rhode Island both require 300 hours of Qualifying Education to become a Certified General Appraiser. In addition, 1,000+ experience hours under a supervisory appraiser must be completed, and the appraiser must pass a national exam.
Are appraisal reports confidential?
Yes! An appraiser is only allowed to transmit their completed report to the client. Conclusions in the report, such as Highest and Best Use and the final opinion of value, can also only be discussed with the client.
What forms of payment do you accept?
We accept physical checks, debit cards, and credit cards as payment methods. Payment via debit or credit card is processed through PayPal.