Brownstone's Company Policy on Formal Appraisal Reports

Many of you have contacted us worried about our policy regarding appraisal reports. What kind of appraisal report do we require in today's tough Real Estate Market? Do we require a designated third party appraiser to do an expensive commercial appraisal report for Brownstone Mortgage Capital Corporation?

We have been in business since January of 1980. Over those years, we have seen a lot of changesin the appraisal field, some positive, some not so positive. At the same time, we have always tried to understand the Real Estate Market and the direction it is taking. This is extremely important because we have a Mortgage Fund of private inestor money that we manage.

All this to say that we take the valuation of real property quite seriously as you can imagine. I think you will be surprised to read this month's featured article which addresses Brownstone's position on formal real estate appraisals and our simple approach to real property valuations.

In this article, we would like to share with you our philosophy and approach to valuing real property.   

Read this article and email or phone me your thoughts. Remember, we are relationship driven at Brownstone