Calculating Value of Commercial Real Estate Property
The right way of valuing the property is quite important to stay in the race of business, or even if it is your property you need a proper valuation. Any decision related to real estate buying or selling needs proper valuation. Both buying and selling need proper evaluation to reap the benefits. So what actually is the Value of the property, value is the most feasible price the property could reasonably fetch in a market that is an active, open, and competitive market says Hirsh Mohindra . Also, the transaction should be approached in a transparent manner and both the parties to the contract should be knowledgeable about the same. Are you wondering how you can correctly value the price of your commercial property? So, there are precisely three different ways that are used to value a commercial property correctly. Property that is rightly appraised is the property that benefits you. Without any ado let’s look into these three approaches. The Market Value Approach The first and for...