Reading a Commercial Appraisal (Tier 1 - Course 2)
🔍 Course 02: Reading a Commercial Appraisal
The appraisal quietly decides how much you can borrow — and two appraisers can land on wildly different numbers for the exact same building. Most borrowers just wait for that number instead of understanding where it comes from.
This course walks through the three valuation approaches appraisers actually use, how they weigh them against each other, and the specific red flags — deferred maintenance, thin comps, a stale cap rate — that can shrink your loan before you even notice.
What you'll walk away with:
✅ The three approaches to value, and when each one dominates
✅ How to calculate your own income-approach estimate before the appraisal lands
✅ The red flags that quietly cost you leverage
✅ How to request a Reconsideration of Value if the number's wrong
16-page digital guide · 2 worksheets · glossary of key terms
For anyone who's ever waited nervously for an appraisal to come back.