Spiel Appraisal Services provides residential appraisal support for cash buyers and private clients who want an independent opinion of value before making an offer, moving forward with a purchase, or closing on residential property.

Led by Paul A. Spiel, SRA, a State Certified General Real Estate Appraiser with more than 40 years of experience, the firm prepares well-supported residential appraisal reports for buyers, private clients, attorneys, fiduciaries, family offices, and advisors.

Paul has completed thousands of residential appraisals. Appraisals are prepared to conform with the Uniform Standards of Professional Appraisal Practice (USPAP).

Before You Commit to the Purchase

A buyer due diligence appraisal can help determine whether the contract price is supported by market evidence before the buyer commits significant capital.

This can be especially important when the buyer is paying cash, the property is high-end or unusual, the home has limited comparable sales, or the purchase involves waterfront, oceanfront, redevelopment, or site-specific considerations.

When a Due Diligence Appraisal Is Needed

A buyer due diligence appraisal may be useful when:

• A cash buyer wants an independent opinion of value prior to making an offer or while finalizing a purchase
• The contract price needs review against market evidence
• A property has limited supporting comparable sales
• A waterfront, oceanfront, custom, renovated, atypical, or high-end home requires detailed analysis
• Vacant land, redevelopment potential, or site characteristics affect the purchase decision
• A teardown candidate requires highest and best use consideration
• A family office, advisor, attorney, or fiduciary needs appraisal documentation

High-End, Waterfront, and Complex Property Considerations

High-end residential properties often require more than a review of the listing price or recent sales.

Two properties in the same market may differ substantially based on water frontage, view, privacy, renovation quality, architectural design, lot configuration, buyer demand, effective age, and overall market appeal.

Buyer due diligence appraisals may involve waterfront and oceanfront homes, Intracoastal residences, golf and country club community properties, custom homes, estate properties, newly constructed or substantially renovated residences, vacant residential land, properties with redevelopment potential, and properties with limited comparable sales.

Redevelopment, Highest and Best Use, and Site Potential

Some buyers are not only purchasing the existing home. They may be evaluating the land, redevelopment potential, renovation opportunity, future marketability, or long-term utility of the site.

This can be especially important when the property involves a teardown candidate, oversized lot, oceanfront or waterfront site, vacant residential land, custom residence, or property where the existing improvements may not represent the full potential of the asset.

As a State Certified General Real Estate Appraiser, Paul brings the appraisal background needed for assignments involving redevelopment potential, atypical site characteristics, ownership structures, and highest and best use considerations.