The evaluation of both small residential income (2 to 4 units) properties as well as larger commercial income (5+ units) properties is a specialty of Monterey Cypress Appraisal. With thousands of hours of experience, Mr. Migdale has the qualifications, knowledge, and experience required to appraise these types of complex income properties.
Reliable public information pertaining to capitalization rates and local multipliers is not readily available in Monterey, San Benito and Santa Cruz counties. Therefore, it is imperative that an appraiser develop this information through property inspections and detailed interviews with market participants.
Pat Matuszewski, a Broker Associate with Keller Williams Realty, Carmel wrote the following when describing her interaction with Mr. Migdale to a loan officer. "Greg asked all the right questions. It was the best and most thorough appraiser call I have ever received. I was very impressed with his commitment to doing the job right."
However, simply gathering information is only the first step of the appraisal process. Our company is rooted in the obligation to promote a high level of trust in the appraisal profession. Therefore, it is critically important that our clients can clearly understand the thought process behind our evaluations. To this end, the application of the income, cost and sales comparison approaches are carefully analyzed and explained in our Appraisal Reports. Should questions subsequently arise, we are always happy to spend as much time as our clients require clarifying the information in our reports; for it is of upmost important that our final work product be meaningful for our intended users.