Starting June 1, 2017 we will begin operating as Veritas Valuations, Inc. Our new name, Veritas (Latin for 'Truth'), reflects our conviction that clients are best served by accurate commercial appraisal reports. Incorporating digital technology, our team of experts is able to deliver high-quality appraisal reports faster and more efficiently, … [Read more...]
Our Business is Morphing
Russell Roberts Appraisals, Inc. is undergoing a quiet metamorphosis. With resolved determination, our team members have worked tirelessly to refine our business model and our level of service to our customers. We understand that we can make a positive difference in the lives of those around us - our families, our clients, our competition and yes, … [Read more...]
A Zero Sum Game – I’m not buying it.
In economics and game theory, a zero sum game is the idea that a win for one side is offset by a loss for the other. I don't buy it. I perceive a world of bounty, ripe for the picking for those who persistently pursue its fruit - not to hoard it, but to share it. From my perspective, this is what will make heaven a present reality for those around … [Read more...]
Entrepreneurial Incentive
We often appraise new or nearly new commercial buildings. In many of these cases, the cost approach is the most relevant method and entrepreneurial incentive is an important element of this technique. But what is entrepreneurial incentive? Basically, it's the incentive an investor has for coordinating the construction of a new project. The … [Read more...]
Commercial Appraisals: Size Matters
One of the elements of comparison commonly found in the sales comparison approach section of a commercial appraisal is for building size. Rest assured, for commercial buildings, size matters. Buildings that are smaller tend to sell for a higher per-square-foot price. This pattern is observed across almost all property types. But the concept is … [Read more...]
The