Commercial Appraisal and Market Valuation Services

The Vendor is required to provide commercial real estate appraisal and valuation firms to provide independent appraisal and market valuation services for seven (7) corporation-owned branch properties.
- Requirement:
• Conduct site inspections of each property.
• Review available property information provided by agency.
• Analyze local market conditions and commercial real estate trends.
• Identify and evaluate relevant comparable sales and market transactions.
• Determine the current fair market value of each property.
• Determine the highest and best use of each property in accordance with generally accepted appraisal standards.
• Estimate the probable selling price of each property under current market conditions.
• Estimate the anticipated marketing period required to complete a sale.
• Estimate customary transaction and closing costs associated with a sale.
• Provide supporting assumptions, methodologies, and market data used in reaching valuation conclusions.