Miami Real Estate Appraisers
Whether you’re purchasing or selling commercial real estate, developing land as an investment, or conducting any other type of real estate transaction in Miami, a professional property appraisal will streamline the process and establish the fair market value of any property. Most official real estate forms and documents include a line item of the estimated property value, yet only a licensed and certified appraiser is qualified to provide a completely objective evaluation along with a detailed and comprehensive written report.
Residential - Commercial - Industrial - Vacant Land – Aviation – Special Purpose Properties
Appraisal Reports
What can a real estate appraiser do for you? Our licensed and designated professionals are available to assist you with:
The Appraisal Process
The appraisal process includes the research, compilation and analysis of all pertinent data as it relates to the client’s specific requirements. Slack, Johnston & Magenheimer, Inc. provides several types of reports tailored to the client’s needs.
Estimating the Market Value
Highest and Best Use
Highest and best use is defined as "the reasonably probable use of property that results in the highest value. The four criteria that highest and best use must meet are legal permissibility, physical possibility, financial feasibility and maximum productivity." A property’s existing use may not necessarily be the property’s highest and best use.
Sales Comparison
In its most basic form, this approach is built on the premise that the market value of a property is partly derived and comparable to surrounding properties.
Cost Approach
Since the market obviously relates to cost, this approach takes into account and analyzes market trends as defined by two specific elements: Land value and land improvements, minus depreciation.
Income Approach
Generally reserved for valuations for commercial and investment properties, determining the market value using the income capitalization approach relies on the perspective that the potential earning power of real estate is significant when calculating its actual value. Income capitalization techniques are used to analyze sales data that measures potential profit and loss.
Slack, Johnston & Magenheimer, Inc. provides complete appraisal services for:
- Aviation properties
- Commercial properties
- Residential properties
- Multi-Family properties
- New construction appraisals
- Condominium appraisals
- Commercial and residential land appraisals
- Environmentally sensitive land appraisals
- Special purpose properties
- Eminent domain projects
- All property types in the Florida Keys
Please call us at (305) 670-2111 for more information or for a consultation on your residential, commercial or industrial property.