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Commercial Real Estate Appraiser in Greater Boston
The real estate market in Greater Boston is dynamic. We provide high-quality, expertly researched real estate appraisals that help you understand the current market conditions in Boston and the cities and towns beyond. Our Greater Boston coverage areas include:
Suffolk County
Middlesex County
Norfolk County
Essex County
Plymouth County
We are committed to helping you understand the value of your commercial property in a shifting market. Services offered in the Greater Boston market are listed below. Request a Quote for Your Appraisal in Greater Boston
Financing & Refinancing Appraisals
Estate Settlement Appraisals
Pre-Listing & Sale Appraisals
Divorce, Eminent Domain, & Litigation Appraisals
What analysis can I expect in my Boston appraisal?
The level of analysis in an Appraisal Report can depend on the scope of work and complexity of the property being appraised. As a general rule, however, you can expect your Appraisal to address the following:
Macroeconomic & Microeconomic Trends: We utilize localized data from the Bureau of Labor Statistics (BLS) to determine employment conditions, inflation rates, and economic growth in the Boston area. The BLS regularly publishes economic summaries for the region, allowing us to understand the complex economic conditions affecting the area.
Demographic Trends: The United States Census provides a wealth of information regarding demographic trends in Boston and the region. We use localized data for each municipality, allowing us to understand both broader trends in the Boston area and trends specific to each town. Relevant demographic characteristics include population trends, median income per capita, median household income, owner-occupied housing rates, and the median value of owner-occupied housing units. By analyzing these various data points, we are able to understand how real estate supply and demand may be affected shifts in an area's median income or increases in its population.
Market Analysis: An integral component of every Appraisal Report is an analysis of the market, including an analysis of appreciation / depreciation in an area, median sale prices and prices per SF, trends in rental rates and vacancy rates, and any other trend that may be affecting value. Our market analysis is based on data collected from third-party sources, statistical analysis of large data sets, and discussions with local real estate brokers and market participants.
Zoning Analysis: Zoning ordinances and bylaws are complex, especially in Boston. Our objective is to help you understand how zoning affects the value and marketability of your commercial property. We can determine if your property is a conforming or non-conforming use, analyze the probability of a zoning variance being granted, and examine possible changes in zoning that may affect your property. While it is also advisable to seek legal counsel on issues regarding zoning, an Appraisal can provide a general understanding of how your property's value is affected by existing bylaws.
Highest and Best Use Analysis: All Appraisals contain an analysis of Highest & Best Use. While your property may be currently used as a single-family residence, zoning may allow for an alternative commercial use that results in a higher value. Multiple properties in Boston have recently undergone a shift in Highest and Best Use, with many developers converting street-level retail properties to mixed-use properties, or demolishing pre-existing commercial structures to develop luxury condominiums. Our goal is to help you understand which use is the most productive.
Three Approaches to Value: All Appraisals must consider the Sales Comparison Approach, Income Approach, and Cost Approach. Please visit our pages on each approach to understand their applicability to your appraisal in the Boston Area.
Why should I choose Bibeault Appraisals for my Boston real estate appraisal?
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.
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