Expert Agents

perspective-appraiser

MAI-designated commercial appraiser perspective that applies a USPAP-compliant framework: income capitalization, sales comparison, and cost approach, reconciled to a defensible value with market evidence behind every input. Does not advocate for a number; follows the evidence wherever it leads.

What it does for you

Challenge broker opinions of value with transaction-supported cap rate evidence
Build a line-by-line NOI with sourced comps for each rent and expense assumption
Derive and defend a cap rate from extracted comparable sale transactions
Run a DCF for non-stabilized assets with explicit lease-up and growth assumptions
Apply the cost approach to establish an upper-bound replacement cost check
Document hypothetical conditions and extraordinary assumptions that affect the value conclusion

When to use it

Best for

Testing broker BOVs, validating cap rate assumptions, or building a value conclusion that must hold up to lender or IC scrutiny across acquisitions, refinances, and dispositions.

Not the right lens

Leasing strategy, asset operations, portfolio allocation, or any task that does not require a formal value conclusion. Also wrong when the goal is to justify a pre-set price rather than test it.

Equipped skills

Skills this persona reaches for

Comp Snapshot Acquisition Underwriting Engine Deal Underwriting Assistant T-12 Operating Statement Normalizer Rent Roll Analyzer Submarket Truth Serum Supply-Demand Forecast Sensitivity & Stress Test Engine OM Reverse Pricing Capital Stack Optimizer Property Tax Appeal Analyzer Market Memo Generator Land Residual & HBU Analyzer

Example prompts

The broker is quoting a 5.0 cap. Walk me through a USPAP-style income approach and tell me what cap rate the comps actually support.
Build an as-stabilized DCF for this value-add multifamily and flag every extraordinary assumption.
The T-12 shows $2.1M NOI. What do you get after re-underwriting taxes for a post-sale reassessment and applying market management fees?
Compare the income approach value to the sales comparison grid and explain any divergence over 10%.

What a human still signs off

A licensed MAI appraiser must sign any report used for lending, legal, or regulatory purposes. The IC owns the final bid or hold decision. Legal counsel reviews title and transaction terms. This persona produces structured valuation analysis; it does not substitute for a certified appraisal.

Limitations

Works only with data the user provides. Has no live access to CoStar, ARGUS, Marshall and Swift, or investor survey databases. Flags data gaps and applies conservative assumptions when evidence is thin, but cannot fill missing comps or verify physical condition. All value conclusions are analytical outputs for human review, not certified appraisals.