OUR SERVICES

Appraisal Practices and Services Include: · Commercial, Industrial & Residential Appraisal · Condemnation Appraisal · Appraisal Review & Consulting · Expert Testimony · Brokerage · Arbitration Consulting · Business Valuation · Conservation & Historic Preservation Easements · Value Effects of Stigma Commercial, Industrial & Residential Appraisals: For more than 30 years Shelterfield has conducted commercial, industrial and residential appraisals throughout Southeastern Pennsylvania, Northern Delaware and Southern New Jersey. Condemnation Appraisal: When urban renewal and public infrastructure projects are underway, the taking of property through eminent domain and the imposition of temporary and permanent construction, right-of-way and utility easements is inevitable. Private property owners and municipalities count on Shelterfield to provide essential appraisal and consulting services when condemnation issues arise. Appraisal Review & Consulting: Since 1973, attorneys, lenders and government agencies have turned to Shelterfield and its affiliates to evaluate the work of other appraisers. Real estate investors and developers have also looked to Shelterfield to obtain the market information necessary to reduce risk in their projects. With the company’s research capabilities and knowledge of market trends, it is possible to forecast whether real estate development ideas make economic sense. Expert Testimony: John J. Hosey IV MAI, SRA, GRI has appeared in Bankruptcy Court, Orphan’s Court and the Commonwealth Court of Pennsylvania to provide testimony in ad valorem taxation, divorce matters and environmental cases. Brokerage: Real estate brokerage services are available in Pennsylvania. Arbitration Consulting: Acting as neutral resources, appraisers may assist with lease negotiations, saving time and money for both lessor and lessee. By adhering to a single appraiser’s opinion on market rental rates, tenants and landlords can avoid hiring multiple appraisers and arbitrators. Conservation & Historic Easements: Property owners may restrict development of their parcels through legal agreements known as conservation easements. Historic preservation easements are used to preserve the facades and surroundings of historic structures and parcels. Donating such easements can increase property value and generate a one-time tax deduction. Shelterfield and its affiliates have specialized in this appraisal consulting area for the past decade. Shelterfield appraisers are subject to the Uniform Standards of Professional Appraisal Practice when conducting commercial, industrial and residential appraisals; performing business valuations; reviewing the work of fellow appraisers; offering expert testimony; when serving as arbitration consultants; and when appraising conservation and historic preservation easements. Agents are not subject to the Uniform Standards of Professional Appraisal Practice when serving as real estate brokers or appraisal consultants. The Value Effects of Stigma According to the Appraisal Institute’s Dictionary of Real Estate Appraisal, 4th ed., a “stigma” is any “adverse public perception regarding a property.” In other words, when a property’s association with a negative condition or event, such as environmental contamination adversely affects its marketability and value, that is a stigma. For real estate appraisers, quantifying a stigma’s value effect is a particularly challenging task. Since 2006, Shelterfield has conducted ongoing research in the highly specialized and under-explored appraisal practice area of stigma valuation. An article summarizing Shelterfield’s most recent survey on this subject is available upon request or via our Web site by clicking here.

 

 

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