In short, real estate appraisals are the collection of data and information used to determine the monetary value of a property. There are a myriad of uses for commercial property appraisals: appraisal reports form the basis for mortgage loans, settling estates and divorces, taxation, and so on. Sometimes an appraisal report is used to establish a sale price for a property. Whatever the reason you’ll

want a company that is experienced, professional, thorough and is willing to demystify the process, simplify the findings, and work with you to develop the most appropriate solution for your specific needs and goals. There are three traditional groups of methodologies for determining value: the sales comparison approach, the cost approach, and the income approach. A more advanced approach is a scientific methodology which relies on the foundation of quantitative-data, risk, and geographical based approaches. Which one we use depends on what the client wants to accomplish. That’s why 1st AEROW Valuation Group uses a

consultative approach, so that our customers are part of the appraisal process from beginning to end.