Whether you're a skilled investor buying commercial real estate or an entrepreneur putting a building on the market for the first time, an objective analysis of a property's value is key to making sound business decisions. Making that determination can seem straightforward, but a commercial real estate appraisal involves in-depth expertise and a fair amount of research.

Galvin Realty Group in Rochester, NY, understands the importance of a real estate appraisal and shares a few things every commercial property owner should know:

• The Inspection Is Only Part Of The Process: Some property owners attempt to downplay problems with a building or illustrate its strengths, but the purpose of the inspection is to gather information for comparing the property to similar ones sold in the area. This requires an intimate knowledge of the local market and overall industry expertise.

• Real Estate Appraisals Are Legally Admissible: This means every commercial real estate appraiser must be able to defend their conclusions in court, so most will take time to verify claims made by the property owners. Attempting to misrepresent a property for the purpose of increasing its apparent value will not persuade an experienced appraiser.

• Appraisers Are Bound To Ethical Behavior: For the welfare of buyers and sellers, a real estate appraisal expert is obligated to follow the Uniform Standards of Professional Appraisal Practice. Deviation from this code is likely to have serious consequences, including disciplinary action from the state and revocation of their license.

Since 1987, Galvin Realty Group has been providing accurate, honest commercial real estate appraisals for property owners and buyers. They take pride in their knowledge of Rochester real estate and unmatched commitment to ethical, responsible behavior. Visit their website to learn more about their services, including property management, and call (585) 546-1290 to schedule an appraisal.