When you venture into the world of multifamily real estate investments, it's essential to understand the key elements that contribute to a property's value and potential for financial success. Site value, the combination of the site and the physical buildings (often referred to as "bricks and mortar"), and the capitalization rate (cap rate) are three crucial factors in this evaluation. Let's break down each of these components to gain a deeper understanding of their significance ..read more

The third week of October marks National Estate Planning Week, a time to highlight the significance of thoughtful estate planning in securing your legacy and ensuring a smooth transition of assets to your heirs. Estate planning encompasses a variety of financial and legal considerations, and one critical element often overlooked is the proper valuation of real estate assets. This is where WestRock Appraisal can play a pivotal role in assisting both estate planners and their clients.   Estate Planning and Real Estate: A Critical Connection   Estate planning involves the organizatio ..read more

Commercial real estate appraisers in the United States are licensed professionals who specialized in valuing proposed or existing commercial properties. The licensing requirements for commercial real estate appraisers may vary slightly from state to state but generally follow the minimum standards set by the Appraiser Qualifications Board (AQB) of The Appraisal Foundation, a national non-profit organization that sets standards for professional appraisers. The AQB requires candidates to complete a minimum of a bachelor's degree, specific appraisal coursework, and supervised experience before t ..read more

When it comes to estate planning, ensuring the accurate valuation of your assets is crucial. Whether you're an individual planning your legacy or an attorney representing a client, having a reliable and professional appraisal firm by your side can make all the difference. In the world of commercial real estate appraisal, WestRock Appraisal Services has emerged as a trusted partner, now extending their expertise to cater to estate planning appraisal requests. In this blog, we'll delve into what makes WestRock Appraisal Services stand out and why they are your go-to choice for estate planning a ..read more

Real estate appraisal firms play a crucial role in the process of applying for a Freddie Mac loan by providing property valuation services. Here's how they can assist people in this context ..read more

The Wall Street Journal's recent findings shed light on a pressing issue that has been lurking beneath the surface of the financial landscape, often overlooked or downplayed: Banks are currently confronting a substantially greater risk exposure than what is widely acknowledged within the industry. This uncharted territory presents a perilous landscape where the very foundations of the financial sector could be in jeopardy ..read more

In a bold stride towards nurturing budding talents and fostering interest in the realm of real estate, WestRock, a distinguished player in the industry, has been selected by the DAASS Real Estate Masterclass-Appraiser. This dynamic for-profit organization, known for igniting passion for the real estate market among young adults, has chosen WestRock to share its invaluable insights and experiences in commercial appraisal—a move that aims to inspire the next generation to explore a career in appraising ..read more

I came across an appraisal report automated review tool. Has anyone tested it out or worked with a client who has experience using this AI? I'm curious about your opinions. While I'm impressed by AI capabilities, I'm skeptical about its ability to truly evaluate the report accurately ..read more

We at WestRock pride ourselves on our accurate and factually detailed appraisal reports to substantiate our final valuation. There are several values assigned to a residential or commercial property and knowing the difference between these values is key when dealing with real estate.  ..read more

Hiring the right appraiser can be a difficult task. Whether it’s phone consultations or meetings, be sure to have specific questions prepared If you’re the beneficiary of an estate, the executor, or just a loved one in mourning that has been thrown into the probate process, it’s more than likely you’ll need to obtain an appraisal.  ..read more