Comp Checks, Value Checks, Comp Outs… What’s Their Value?
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Comp Checks, Value Checks, Comp Outs… What’s Their Value?

Comp Checks, Value Checks, Comp Outs… What’s Their Value?

Like residential appraisers, commercial appraisal professionals get many phone calls from individuals and real estate mortgage professionals looking for a “ballpark” value for a property “before paying for a full-blownappraisal.” In this article we discuss the the practical, ethical and legal ramifications results of the practice of issuing “comp checks” for both the commercial appraiser and end-users of commercial appraisals.

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